The communications regulator Ofcom indicates that on average, UK adults spend eight hours and 41 minutes of their day on media devices.

Priceline Group, owner of travel websites including Booking.com and Agoda, agrees to invest $500m in China's biggest online travel company Ctrip.

Proposals to extend Crossrail to Hertfordshire are to be considered by the government, the transport secretary is expected to announce.

Anglo-Australian mining group Rio Tinto reports a 21% rise in half-year profits to $5.1bn after cutting costs and lowering debts.

German industrial output rose by just 0.3% in June from May, official figures show, as concerns over the Ukraine crisis weighed on the economy.

Russia's PM Medvedev announces a total embargo on food imports from Western countries in response to sanctions over Ukraine.

The FTSE 100 falls in early trade, ahead of the latest interest rate decisions from the Bank of England and European Central Bank.

An estimated 130,000 retirees a year will take cash out of their pension pot under new flexibility rules, the UK tax authority has estimated.