More British bankers earned more than one million euros each in 2011 than the rest of the European Union put together, according to the European Banking Authority.

Spain's PM says he will not give in to blackmail, amid calls for his resignation over alleged links to a man at the centre of a payments scandal.

The Institute of Economic Affairs says it is offering a 100,000-euro prize for the best plan for a UK exit from the European Union.

Household energy bills are likely to rise £100 a year more than the government projects, says energy firm RWE Npower.

Nick Clegg announces a review of job and training options for 16 to 24-year-olds, aimed at tackling stubbornly high unemployment in the age group.

MPs say they are dismayed at the slow pace of investigations into the horsemeat scandal, six months after the first mislabelling cases emerged.

Australian PM Kevin Rudd says plans to scrap an unpopular carbon tax will cost A$3.8bn ($3.5bn; £2.3bn), but says families will be better off.

China's largest search engine, Baidu, will buy a Chinese app store firm for $1.9bn, as it looks to compete in the lucrative telecommunications industry.