The European Commission says the eurozone economy will shrink in 2013, after previously predicting slight growth.

Britain’s four biggest accountancy firms are heavily criticised by the Competition Commission for being too dominant.

Air France-KLM sees losses widen in 2012 as fuel costs rise sharply, but revenues rise as its restructuring programme takes effect.

London’s leading shares rose in early Friday trading after gains overnight on Wall Street and in Asia.

The government’s multi-billion-pound programme to help the long-term unemployed back into work is branded “extremely poor” by MPs.

In the latest twist to the ongoing saga at Wynn Resorts, Japanese tycoon Kazuo Okada has quit the company’s board.

Singapore’s economy expands more than expected in the fourth quarter, boosted by a rebound in its manufacturing sector.

Hewlett-Packard sees a 6% drop in first-quarter sales as demand for PCs continues to shrink, but analysts had predicted a bigger fall.

American International Group reports a $4bn (£2.6bn) three-month loss, mainly due to the sale of its aircraft leasing business ILFC.

Tax dodgers are being named on a list published by HM Revenue and Customs for the first time, as their affairs come under greater scrutiny.