The US Treasury is to take extraordinary measures to delay reaching a 31 December borrowing limit, as the so-called "fiscal cliff" looms.

Japanese carmaker Toyota agrees to pay more than $1bn in a settlement of US lawsuits dating back to the recall of millions of cars in 2009 and 2010.

Samsung Electronics seeks a ban on the import and sales of some Ericsson products in the US which it claims infringe its patents.

The Japanese yen dips to a 27-month low against the US dollar amid speculation that policymakers will take steps to weaken the currency.

A consumer charity is calling for a change in the law to ensure speedy refunds for people who are sold faulty goods.

The energy regulator needs to take stronger action against suppliers to ensure customers get a fair deal, a committee of MPs says.

The UK's ongoing financial problems are putting an increasing strain on family relationships, a survey by the Relate charity suggests.

Universities are encouraged to develop commercial uses for the so-called miracle material graphene, with an government investment fund of £21.5m.