The UK will enter recession in the first half of the year as households continue to cut back, says the National Institute of Economic and Social Research.

Air India assures it will pay its dues for jet fuel to three state-owned oil firms by Friday after its fuel supplies are cut.

Hong Kong's Hutchison 3G agrees to buy Orange Austria in a bid to expand it presence and boost market share in the country.

The owner of the glass manufacturer Pilkington says it will close one of its three UK production lines as it cuts costs.

Japanese electronics giant Panasonic forecasts a record net annual loss of $10bn for the year to March.

Telecoms group BT reports a sharp rise in profits, thanks largely to a jump in the number of broadband users.

Ed Miliband calls for a culture of "one nation banking" in which financial institutions are not "isolated" from the rest of the economy and society.

Hungarian airline Malev ceases trading after 66 years after being ordered by the EU to repay state aid it has received.