IMF: UK 'long way from recovery'

The UK economy is still a long way from "a strong and sustainable recovery", the International Monetary Fund warns.

Bad weather hits retail sales again

UK retail sales in April were 1.3% lower than in March as bad weather continued to dent spending, official figures show.

Couple's £163,000 phone bill shock

A couple who own an electrical firm had a shock when they received a mobile phone bill for £163,000, then fought for months to have the debt cleared.

Oklahoma damage bill 'could be $2bn'

The damage from the Oklahoma tornado could reach $2bn (£1.3bn), the Oklahoma Insurance Department warns, although many tenants may have no insurance cover.

Ireland calls for global tax action

Ireland, criticised for its tax regime and Apple's arrangements in the country, calls for cross-border international co-operation over tax.

SAP in autism recruitment drive

German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology.

Bernanke hails benefits of stimulus

US Federal Reserve chairman Ben Bernanke tells Congress that it is too soon to end the central bank's monetary stimulus programme or raise interest rates.

Government borrowing revised down

The government borrowed slightly less than first thought in the 2012-13 financial year, the latest official figures suggest.

Lloyds and RBS confident on capital

Lloyds Banking Group and Royal Bank of Scotland have both expressed confidence in their capital positions following an assessment by regulators.

HMRC to miss tax credit fraud target

The UK tax authority's failure to hit a target of reducing tax credit fraud and error has "cost the taxpayer dear", a committee of MPs says.

BoE still split 6-3 on stimulus move

The Bank of England governor was outvoted once again this month, as the Bank's rate-setting committee decided against more stimulus measures.

Manchester City in Nike kit deal

Manchester City launches its new kit after signing a deal with US sportswear giant Nike reported to be worth £72m ($109m) over six years.

Sony to discuss spin-off suggestion

Sony says it will consider a proposal from one of its biggest shareholders that it should spin off up to 20% of its entertainment business.

Venezuela ends toilet paper shortage

Venezuela's National Assembly backs plans to import 39 million rolls of toilet paper, in an effort to relieve a chronic shortage.

SSE profits up after cold weather

The cold weather helps energy supplier SSE to report a rise in profits, despite disruption from heavy snow and a fine from regulators.

Nationwide mortgage lending rises

The UK's largest building society, Nationwide, says its share of the mortgage market has reached a record high.

Microsoft unveils Xbox One console

Microsoft unveils the third generation of its video games console in an event at its headquarters at Redmond, Washington.

Cameron pushing EU on tax avoidance

David Cameron is to urge EU leaders to back action against "aggressive" tax avoidance but business warns politicians against moralising on the issue.

Two win sickness benefit challenge

Two people with mental health problems win a legal challenge against the government tests for sickness benefit.

Electricity bills to increase by 18%

Power NI announces that electricity bills for households and small businesses are to increase by 18% from July.

Pound falls after dip in inflation

The pound falls after lower fuel prices lead to a lower-than-expected inflation rate of 2.4% for April.

Japan sees 10th trade deficit in row

Japan posts its tenth straight monthly trade deficit as a weaker yen increases the cost of imports more than it helps boost exports.

Scotland 'can afford independence'

Scotland can "more than afford" to be a successful independent country, its first minister says as he launches a paper outlining the nation's economic strength.

Data suggests housing market pick-up

The UK housing market is seeing a slight pick-up in activity with mortgage lending and prices both rising, figures suggest.

Not your typical multimillionaire

Launching our new weekly feature called The Boss, we take a closer look at what drives Aaron Levie, the founder and chief executive of cloud storage company Box.

Firms aiming to make money while doing good

Karen Weintraub explores the growth in the number of US small firms who wish to profit from making a positive difference in the developing world.

The US food firm spicing up exports

Magic Seasonings, the spice company run by famous US chief Paul Prudhomme, tells the BBC's Kim Gittleson about its export success.

IPL cricketer denies spot-fixing

Indian fast bowler S Sreesanth, arrested last week over allegations of spot-fixing in the Indian Premier League, insists he is innocent.

Dundee fans to decide on US offer

Dundee's board says the fans will decide whether or not to accept an American investment deal worth about £700,000.

Man Utd earns £60m in TV money

Manchester United earned a record £60.8m in Premier League television revenue this season on their way to their 20th English title.