A former Petrobras executive was sentenced in Brazil to five years in prison for money laundering.

The US Air Force clears billionaire Elon Musk's SpaceX to launch military and spy satellites.

Asian markets opened lower after losses in European and US shares as worries about Greece's debt default and higher US interest rates weighed on investor sentiment.

South Korea's Hyundai becomes the first carmaker to offer Google's Android Auto system in its Sonata model.

Banknote printer De La Rue sees its shares lose 10% after reporting a fall in profits and a cut in the payout to shareholders.

The FTSE 100 rises in early trade, with shares in Imperial Tobacco leading the way after it closes in on the purchase of four cigarette brands.

Shares in Aer Lingus rise 3% in the wake of the Irish government's agreement to sell its 25% stake to IAG, the owner of British Airways.

Future increases in the income tax personal allowance will be linked to rises in the national minimum wage, the government announces.