Taiwan's economy contracted in the three months to the end of June, as the global slowdown weighed on export-dependent countries.

The Philippine government is set to auction off three areas in the South China Sea for oil and gas exploration that China also claims.

The government's broadband strategy risks leaving many communities behind, by focusing on speed over reach, says a House of Lords committee.

Swiss bank UBS says it lost 349m Swiss francs ($356m) by investing in Facebook shares, more than halving its quarterly profits.

Oil giant BP reports a sharp drop in second quarter profits after it reduces the value of a number of key assets.

Honda Motors reports a four-fold increase in first quarter profits as it continues to recover from the impact of last year's natural disasters.

A survey by the charity Scope suggests many disabled people feel media coverage about benefit cheats has a negative impact on them.

Two online travel agents and a hotel group could be limiting price competition on hotel room sales, early results of an OFT inquiry find.