Italy has had large debts for many years with no one questioning its ability to pay them back, until now.

The Royal Mail has warned staff not to accept Christmas gifts valued at more than £30 for fear of bribery charges.

The government is to publish new proposals to limit "unjustified and irresponsible" pay rewards in the private sector, Nick Clegg says.

Italy's new government adopts a package of emergency austerity measures, including a rise in pension ages and new taxes on the wealthy.

Australia's governing Labor party overturns its ban on uranium exports to India, despite Delhi's refusal to sign the Nuclear Non-Proliferation Treaty.