The UK's tax authorities should do more to tackle alcohol smuggling, including more prosecutions, a committee of MPs says.

Hong Kong's financial market regulator is taking Ernst and Young to court, to force it to reveal information on a former China-based client, a move that is the first of its kind in the territory.

Shares of chipmaker Renesas surge following reports that US private equity fund KKR plans to invest 100bn yen ($1.3bn; £804m) in the firm.

Deputy Prime Minister Nick Clegg suggests the wealthiest people in the UK could be asked to pay more tax for a limited period.

MPs say the restriction of capacity at Heathrow is harming the UK's economy.

Apple's legal motion to have some Samsung mobile phones banned in the US will now be heard in court in December, a judge says.

Paddy Power reports a rise in half-year profits thanks to accelerated growth in online gaming and marketing during the Euro 2012 football tournament.

The cabin staff at German airline Lufthansa are to go on strike, possibly as early as Thursday, as wage talks broke down this week.