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.

Sporting facilities have improved around the country as a result of London 2012, almost two thirds of Team GB athletes tell the BBC.

Reigning champion Sebastian Vettel is relegated to fifth after the German GP for passing Jenson Button while off track.