Kingfisher, the cash-strapped Indian airline, suspends all international operations and cuts down on local routes, as it seeks funding.

Oil prices climb as concerns about supply overshadow Saudi Arabia's pledge to boost its crude output by a quarter if needed.

The US government will not impose sanctions on Japan and 10 European Union nations that have reduced their oil imports from Iran.

New World Bank analysis says illegal logging makes $10-15bn (£7.5-11bn) for criminal gangs worldwide, and urges justice authorities to get tough.

Supermarket group Sainsbury's announces a rise in annual sales, boosted by a strong performance in the fourth quarter.

The owner of Zara, Spain's Inditex, reports annual profits of $2.6bn (£1.6bn) up 11.% on the previous year.

Shares in the video games retailer Game Group have been suspended from trading after the firm said it considered there was no equity value left in the group.

Tech Mahindra and Mahindra Satyam announce plans to merge, a move that will create one of India's biggest software companies.