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 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.

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

Shares fall and Spanish bond yields rise on worries that Spain will have to seek a full sovereign bailout.

A Briton and two Americans were killed in a shooting incident at a training centre in Herat, western Afghanistan, on Sunday, the BBC is told.

Securing the Games, Gordon Corera asks is London ready?