Germany's finance minister says S&P's threat to cut the credit ratings of eurozone members is the best possible incentive for Friday's summit.
Panel says Olympus board 'rotten'
A panel appointed by the board of scandal-hit Olympus says the core part of management was "rotten", but finds no link to organised crime.
Apple and five publishers are to be investigated over anti-competitive practice in the e-book market, say EU regulators.
Article written by Robert Peston
Robert Peston
Business editor
18 hours ago
Standard and Poor's reasons for warning that it may downgrade the credit ratings of all but one of the eurozone’s member governments are in a sense uncontroversial. It is the timing, in the midst of make-or-break eurozone reform talks, that is so explosive.
Article written by Stephanie Flanders
Stephanie Flanders
Economics editor
21 hours ago
Will private investors suffer in future eurozone bailouts?
Ranbaxy gets US Lipitor approval
India's Ranbaxy wins an approval from authorities to sell its version of the world's best selling drug, Lipitor, in the US.
State 'may take over Commerzbank'
Shares in Commerzbank drop after a report suggests that Germany is prepared to nationalise the bank if needed.
Europe crisis 'threatens Africa'
The crisis in Europe is damaging African economies, according to the South African and Nigerian finance ministers.
Ex-Olympus boss leaves firm board
Ex-Olympus chief Michael Woodford resigns from the company's board to launch a campaign to oust the other board members.
2012 'risk of exceeding budget'
The 2012 Olympic Games could overshoot its £9.3bn budget unless "rigorous action" is taken to curb costs, the Whitehall spending watchdog warns.
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Food giant Kraft to axe 200 jobs
Kraft Foods is to cut 200 jobs at sites in Birmingham, Herefordshire and Wrexham despite planning to spend £50m on chocolate and biscuit production.
Winter freeze for UK house prices
The subdued picture for UK house prices continues with the Halifax reporting a 0.9% monthly drop in the value of the average home in November.
Olympus: 'Rotten to the core'02:39
Eurozone may face recession, says S&P01:00
'Can't say never' to Britain joining euro03:10
Ireland awaits austerity measures01:54
Pressure builds on eurozone leaders02:28
Former Olympus boss on inquiry report01:59
Irish domestic economy 'in freefall'03:55
East Asia growth downgraded02:26
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