India unveils what it says is the world's cheapest touch-screen tablet computer, to be sold to students at the subsidised price of $35 (£23).

Drivers have cut their petrol consumption by more than 15% since the recession began, research by the AA suggests.

Fast food giant Yum Brands reports a jump in third-quarter profit as sales at its Chinese outlets continue to grow.

Supermarket group Tesco reports a rise in half-year profits despite a fall in underlying UK sales, while rival Sainsbury posts slightly better sales.

More than 300 schools are to close fully or partially as members of the teaching union Ucac strike over plans to change their pensions.

European stock markets see sharp gains despite the move by ratings agency Moody's to cut the Italian government's credit rating.

English football's national stadium, Wembley, will start putting money back into the game in four years' time, says the FA's chairman.

Europe's stronger economies should avoid imposing drastic budget cuts at the expense of growth, says the International Monetary Fund.