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BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.

Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.

Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.

A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).

Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.

Young French people having difficulty finding affordable housing are being given the chance to help older members of society and put a roof over their own heads.

Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.

A colourful history of the famous book publisher

Russians fear the benefits system will cease to exist

Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

Black market boom as Dubai curbs trade with Iran

As BP's rivals count the cost of a ban on offshore drilling, the tide of lawsuits arising from the oil spill in the Gulf of Mexico has washed up in a federal courtroom in Idaho.

Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.

The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.

A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction.

A raft of European firms have announced bumper profits, fuelling hopes that the economy is on the right track following the recession.

Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.

BT reports what it describes as "acceptable" quarterly results, with profits sharply higher despite a fall in revenue.

Lufthansa Group reports a net loss after disruption caused by the ash cloud from the Icelandic volcano and a pilots' strike.

Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.