Apple's Tim Cook defends tax claim

Apple boss Tim Cook defends its tax strategy at a Senate hearing, after the tech giant is accused of being among America's largest tax avoiders.

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.

Microsoft unveils Xbox One console

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

Nationwide mortgage lending rises

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

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.

Cameron to warn EU summit over tax

David Cameron is to urge EU leaders to back action against the tax evasion and "aggressive" tax avoidance he says is costing all nations.

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.

Hong Kong probes commodities market

Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities.

Record closing high for US shares

Shares on Wall Street picked up on Tuesday to a new all-time high as investors bet that the US central bank would continue supporting the economy.

JP Morgan boss wins shareholder vote

JP Morgan chairman and chief executive Jamie Dimon will keep both jobs after shareholders voted in his favour.

Marks and Spencer sees profits fall

Marks and Spencer reports a big fall in annual profits, as troubles in its clothing division continue.

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.

Former Saab cars chiefs arrested

Three former top executives from car maker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud charges.

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.

Cement firms warned over competition

Lack of competition in the UK cement market is costing consumers millions of pounds, the Competition Commission says.

Sharp jump in Royal Mail profits

Royal Mail's annual profits more than double, helped by strong growth in parcel deliveries as more people shop online.

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.

G4S chief Nick Buckles steps down

Nick Buckles, the chief executive of global security group G4S, is to step down from his position at the end of May.

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.

Back-to-work scheme failing, say MPs

A scheme to help the unemployed find work appears to be failing the most disadvantaged jobseekers, MPs on the Work and Pensions Committee say.

Tax credits scam email warning

People who receive tax credits are being warned about scam emails being sent out by fraudsters in an attempt to gather card details and passwords.

China 'can't be free rider on trade'

China cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.

High inflation 'cost UK GDP £10bn'

High inflation has cost the UK economy £10bn over the last three years, says an influential report, and has now become a "permanent fixture".

Thousands rally to oppose Italy cuts

Tens of thousands of protesters, led by trade unionists, rally in the Italian capital Rome against the policies of the new coalition government.

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.

The cassette makes a comeback

The humble cassette tape, a happy memory for many music fans of a certain age, stages a comeback for one Canadian company. Will the trend last?

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.

Man City form New York MLS franchise

Manchester City have announced a partnership with baseball's New York Yankees to form a new Major League Soccer franchise.

India cricketers' remand extended

A court in India extends custody of three cricketers, arrested last week over allegations of spot-fixing in the Indian Premier League (IPL).

Games numbers 50% below target

The organisers of the World Police and Fire Games confirm the number of athletes who have signed up to take part so far is almost 50% below the 10,000 target.