Greek MPs pass an unpopular austerity bill crucial for a 130bn euro ($170bn; £110bn) bailout, as protesters clash with police outside parliament.

Japan's economy shrinks more than expected between October and December as a rising yen and floods in Thailand hurt businesses.

Britain will avoid a double dip recession and modest growth should restart later this year, according to business lobby group the CBI.

Airlines call for the United Nations to broker a deal between carriers and the European Union on the Emissions Trading Scheme.

Public sector bonuses are to face new restrictions amid anger over pay levels at taxpayer-subsidised organisations such as Royal Bank of Scotland.

Tokyo Electric Power Company is given another lifeline after Japan's government approves an extra $9bn (£5bn) aid package.

Boeing predicts that Asia-Pacific airlines will lead expansion in the aviation industry as the region's economies continue to grow.

Scotland is managing to hold off recession, but its economy is struggling to grow, experts warn.