A government-backed review of the financial industry by Professor John Kay is expected to accuse the City of an obsession with short-term profits.

One of Cuba's most prominent dissidents and Sakharov human rights prize winner, Oswaldo Paya, dies in a car crash, activists say.

The government could force finance companies to hand over the details of wealthy individuals taking advantage of aggressive tax avoidance schemes.

The euro falls to an 11-year low against the Japanese yen amid fears that debt problems in Spain are worsening.

Sir Elton John celebrates his first number one album for more than 20 years as Good Morning to the Night tops the chart.

More than 2,000 dairy farmers are holding fresh protests over the prices they are paid for their milk, campaign group Farmers for Action says.

World champion Mark Cavendish will be allowed to leave Team Sky if he wants to go, says boss Dave Brailsford.

The UK Border Agency faces a backlog of more than 250,000 failed migrants who need to be removed from Britain, the home affairs committee says.