Australian banks need to hold more capital to survive any future financial crises, a report by former bank chief David Murray says.

Japan's economy shrank more than initially forecasted in the third quarter, according to revised gross domestic product (GDP) figures released on Monday.

Asian shares are trading mixed on strong US jobs data, while investors are shrugging off news of a deeper than expected recession in Japan.

Trade data from China, the world's second largest economy, came in well below expectations on Monday, heightening fears of a sharper slowdown.

An online hacker group has claimed responsibility for attacking Sony's online PlayStation store, which is down on Monday.

An income squeeze, benefit delays and high utility bills are blamed by a cross-party committee of MPs for a rise in hunger in the UK.

Scotland's economy will continue to grow next year but at a slower rate than before, according to a leading economic forecaster.

The majority of people with mortgages could cope with a rise in interest rates, the Bank of England has said.