Employers are facing a "make-or-break moment" as many will have to make job cuts if the economy does not pick up, according to a report.

Japan's economic growth slows in the second quarter as the eurozone crisis hurts exports and domestic consumption remains subdued.

BlueScope and Nippon Steel, Australia and Japan's biggest steelmakers, agree a $1.4bn deal in a bid to capture greater market share.

Germany's biggest utility company, E.On, reports a tripling of six month profits to 3.13bn euros ($3.84bn; £2.45bn).

Expectations of falling borrowing rates pushed down the number of households remortgaging in June, lenders say.

Mobile phone maker Motorola Mobility says it plans to cut 4,000 staff, close facilities and refocus away from low-cost phones, to try to make profits again.

Easyjet's founder Stelios Haji-Ioannou is trying to oust Sir Michael Rake as company chairman, arguing his role at Barclays will keep him too busy.

A claim that mis-selling at UK banks might have been avoided if fees were charged for accounts is branded as "ridiculous".