Plans to create a template for "no-frills" savings products in a bid to simplify the market are outlined by the UK government.

The European Central Bank will hold its latest meeting amid much speculation that it will take unprecedented steps to help shore up the euro.

California's city of San Bernardino officially files for bankruptcy protection, becoming the state's third city to go bust in just over a month.

Samsung's lead lawyer in its patent trial with Apple defends his authorisation of a statement containing evidence the judge had ruled inadmissible in court.

Italian football club Inter Milan says that a group of Chinese investors will become its second largest shareholder.

France's biggest bank, BNP Paribas, reports better-than-expected profits in the three months to June following a round of job and spending cuts.

Sky's strong position in the pay-TV movie market "does not adversely affect competition", the Competition Commission confirms.

Japanese electronics maker Sony cuts its forecast for annual profits by a third after it sees first quarter losses widen.