Accountancy group, BDO, has warned that the UK economy could start contracting this year due to the weakness of the service sector.

Chinese firms agree to increase their censorship of internet content as authorities seek greater control over the medium.

Greek leaders are to announce the leader of a new unity government to tackle the euro debt crisis, after PM George Papandreou agreed to resign.

Ryanair reports a 23% rise in second quarter profits, and says its full-year results will be better than previously expected.

German tour operator Tui asks hotels in Greece to sign new contracts specifying how bills will be paid if Greece leaves the euro.

UK house prices rose by 1.2% in October compared with September, but have fallen over the last year, according to the Halifax.

Indonesia's economy continues to grow rapidly, despite a weak global economic outlook, helped by domestic spending and investment.

Carphone Warehouse says that it is to close all of its 11 Best Buy stores across the UK, putting 1,100 jobs at risk.