Etihad finalises conditions required for a major investment in Alitalia, following months of negotiations.

Cash use has fallen by 14% over the last five years to the lowest level on record according to figures from the British Retail Consortium.

The global airline industry cuts its profit forecast for 2014 amid fears over China's economic growth, says the International Air Transport Association.

Russia's Gazprom gives Ukraine another week to settle its gas bill after receiving a part payment of $786m.

News of a pick up in activity in China's factories boosts mining shares, helping to push the FTSE 100 higher.

Manufacturing growth in the eurozone slowed to a six-month low in May, according to a closely-watched survey.

The market for asset-backed securities - the products that helped trigger the financial crisis - should be revived, the Bank of England's Sir Jon Cunliffe tells the BBC.

The number of mortgages being approved fell in April for the third month running, according to the Bank of England.