Greece will not be able to make a debt repayment to the IMF due in early June as it does not have the money, the interior minister says.
Business Secretary Sajid Javid says he hopes to save firms more than £10bn by cutting red tape - but rejects a fresh move to make it easier to sack employees.
The apprenticeship system in Britain is "failing" and needs reform to address youth unemployment, a new report commissioned by the Local Government Association says.
Japan's shares head higher after data showed the country's trade account fell into a deficit in April, but it beat expectations.
The Bank of England confirms it is researching the financial risks of the UK leaving the EU after it "inadvertently" sent details of the project to the Guardian newspaper.
Government ministers will face a further five years of frozen pay, Prime Minister David Cameron says.
A Chinese scheme to build a railway across South America, crossing the Amazon rain forest, moves a step closer as Peru agrees to study the plan.
The chair of the US Federal Reserve, Janet Yellen, says she expects the central bank to begin raising interest rates "at some point this year".
UK government borrowing fell to £6.8bn in April, down from £9.3bn a year earlier, official figures show.
British American Tobacco and Philip Morris file legal challenges against the UK government over plain packaging for cigarettes.
The cost of renting a home rose by 4.6% in the year to the end of April, the fastest rise since November 2010, an agency group says.
A measure of the quality of jobs done by workers in the UK has fallen slightly for the first time.
A train company apologises after passengers were told a track delay was because someone "couldn't be bothered to live any more".
Famous Parisian landmark the Eiffel Tower is closed to tourists after staff walked out complaining about the growing number of pickpockets.
The boss of InterContinental Hotel Group, Richard Solomons, talks about the company's 'made-for-China' hotels.
BBC News visited some tea stalls around Mumbai and asked ordinary Indians to rate Narendra Modi's first year in office.
Business Secretary Sajid Javid says he will not be going back to the Beecroft proposals for no fault dismissals but hopes to cut over £10bn more red tape costs.
Greek Finance Minister Yanis Varoufakis says if Greece left the euro, it would spell the end of Europe's common currency.
As the London 3D Print Show rolls into town, the BBC's Theo Leggett offers a whistle-stop tour to assess the industry.
As Telecel's operating licence is cancelled, concern mounts for its employees and the possible impact on Zimbabwe's economy.
With some surprising fertiliser ingredients, Madagascar is well-placed to export organic products.
The BBC's Sameer Hashmi looks for signs of progress in the plan to transform India into a global manufacturing hub.
Is infidelity a billion-dollar business?
The impact of economic crises on everyday lives
What makes Indian farmers kill themselves?
Whose face should grace the new note?
Where is the solar 'capital' of the UK?
Why a shoe company measures kids' feet with iPads
F1 boss Bernie Ecclestone goes to court to challenge the legal basis of assessments that have left him facing a UK tax claim of more than £1bn.
How do you make the banks listen?