Nike's quarterly profits beat analysts' forecasts as a recovery in US sales and lower material costs help offset continued weakness in China.

China becomes the world's second-biggest movie market, displacing Japan, underscoring its importance as a key market for Hollywood's moviemakers.

Cypriot MPs are to vote on new measures to raise the funds the country needs to secure vital bailout before Monday's deadline.

China needs a "renewed reform momentum" to sustain long term growth, says the Organisation for Economic Co-operation and Development (OECD).

Oil giant BP says it will buy back $8bn (£5.2bn) of shares, returning to shareholders the money they had put into a complicated Russian venture.

Staff at 373 Crown post offices will strike on Easter Saturday in a dispute over shop closures, jobs and levels of pay.

The Treasury's coffers will receive an extra £5.5bn, mainly from public-sector workers, after the government brought forward the start of the flat-rate state pension.

The Budget allows further departmental spending cuts to be deferred until after the next election, according to the Institute for Fiscal Studies.