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.

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.

London Market Report

The FTSE 100 rises again, but shares in cruise operator Carnival drop sharply after it warns of falling revenues.

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.

Vodafone sales hit by European slump

Vodafone's full-year sales slip for the first time in eight years as tough economic conditions in Europe take their toll on customers.

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.

Asia boost to Burberry profits

UK fashion brand Burberry reports a larger-than-expected rise in annual profits after a strong performance in Asia.

Bank Danamon stake sale approved

Singapore's DBS Group receives long-awaited regulatory approval to buy a 40% stake in Indonesia's Bank Danamon

JP Morgan boss in shareholder revolt

JP Morgan chairman and chief executive Jamie Dimon is facing a shareholder revolt as investors prepare to vote on whether he should be allowed to keep both jobs.

Tumblr 'will boost Yahoo revenue'

Yahoo says its $1.1bn (£723m) purchase of blogging platform Tumblr will boost its revenue as soon as 2014.

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.

Graduate job opportunities 'rising'

More jobs will become available for graduates this year, research firm Income Data Services (IDS) has forecast, but pay is likely to be frozen.

PM warns overseas territories on tax

David Cameron has called on British overseas territories to "get their house in order" and sign up to international treaties on tax.

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.

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.

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.

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.

VIDEO: Private jets flying high in downturn

Luxury air travel in private jets continues despite struggles in the global economy