Lufthansa pilots have called for a new, second strike on Thursday, following a planned action on Wednesday, potentially disrupting thousands of passengers.

US food giant Kraft recalls 6.5 million boxes of macaroni and cheese after consumers reported finding metal fragments in some containers.

George Osborne is to set out his tax and spending plans later, in his last Budget before May's general election.

British banking giant Barclays paid £16.5m in shares to its top 11 executives, which is half the amount it paid out last year.

Nexen Energy, a subsidiary of Chinese state-owned energy giant CNOOC, said it will cut 400 jobs in its North American and UK operations.

Asian markets both rallied and fell after Tuesday's gains, as investors remain cautious ahead of the Federal Reserve's policy statement.

End-of-year paper tax returns will be scrapped in favour of online accounts by 2020, the chancellor is expected to announce.

Spanish fashion giant Inditex reports a 5% rise in annual net profit to €2.5bn, thanks to a recovery in consumer spending.