Deutsche Telekom and its Magyar Telekom arm agree to pay $95m to settle charges they paid bribes in Macedonia and Montenegro.

Most economists polled by the BBC say recession will return to Europe next year, while UK interest rates will stay at 0.5%.

Ahead of a key European Union summit, Germany's Chancellor Angela Merkel sets out to remake the eurozone in her own image.

A key panel of Japan's ruling party agrees to postpone a planned sales tax increase amid rising opposition to the move.

A table of some of the possible scenarios facing European leaders trying to resolve the eurozone sovereign debt crisis.

India's upper house of parliament is adjourned amid chaos without a vote on the country's controversial anti-corruption Lokpal bill.

South Korea's inflation rate stays above the central bank's target range in December, despite attempts to slow price growth.

UK house prices remained relatively unchanged in 2011 and more of the same is expected in 2012, the Nationwide says.