Public trust in governments is suffering a severe breakdown across the world, according to the Edelman Trust Barometer.

Tour operator Thomas Cook sees UK summer package holiday bookings fall by almost a third in the fortnight following Christmas.

Shares of Japanese camera company Olympus jump 7%, after it was allowed to continue trading on the Tokyo Stock Exchange (TSE).

The gap between the economic performance of UK cities is widening, a study says, with six times more dole claimants in some parts of the country than others.

Blackberry-maker Research In Motion says co-chief executives Mike Lazaridis and Jim Balsillie have stepped down in a shake-up.

Asda, the UK's second biggest supermarket chain, announces plans to open 25 new stores and three depots, creating 5,000 jobs this year.

Eurozone finance ministers will meet later, with the Greek debt crisis likely to dominate proceedings.

The founder of file-sharing website Megaupload appears in a New Zealand court to seek bail, but the prosecution argue he is a flight risk.