Moscow tops list of pricey cities Moscow tops the league of the most expensive cities to live in for expatriates, followed by Tokyo and London.
Arctic 'has 90bn barrels of oil' The Arctic holds some 90bn barrels of oil, equal to Russia's known reserves, according to US government data.
Housing rescue bill passed in US The US House of Representatives passes a massive housing rescue bill after President Bush says he will not veto it.
Credit Suisse returns to profit Credit Suisse's second-quarter profits beat expectations, helped by a good performance from its private banking arm.
Renault cuts 5,000 European jobs The French car manufacturer Renault is going to cut its European workforce by 5,000 through voluntary redundancies.
Amazon doubles three-month profit The online retailer Amazon beats forecasts by doubling its profits as high petrol prices encourage home shopping.
Inflation in Vietnam passes 27% Vietnam reports an inflation rate of 27.04% in July, the highest so far this year, but experts say worse is to come.
Brazil increases interest rates Brazil increases interest rates to 13% from 12.25%, in an attempt to counter rising inflation
Baidu profits boosted by Olympics Leading Chinese search engine firm Baidu.com sees quarterly profits rise sharply, as traffic rises thanks to the Olympics.
UK retail sales fall 3.9% in June Retail sales in the UK fell 3.9% in June, reversing a sudden and unexpected 3.6% record surge seen in May.
MPs scrap France's 35-hour week France's parliament passes a law which effectively ends the country's compulsory 35-hour working week.
Easyjet plans cuts as costs bite Airline Easyjet will cut flights this winter to offset a challenging economic climate and high fuel prices that have hurt profits
Scottish & Southern warns of rise UK utility firm Scottish & Southern has warned customers it is likely to increase electricity and gas prices.
Zimbabwe inflation at 2.2m% Zimbabwe's annual rate of inflation has increased to 2,200,000%, official figures show.
Overseas sales boost McDonald's Fast-food group McDonald's reports higher-than-expected quarterly profits, helped by solid overseas sales
US mortgage rates increase again The cost of taking out a mortgage in the US rises again following fears over two key lenders, consumer figures indicate.
Inflation 'to hit Asian growth' Inflation and volatility in financial markets will slow growth in Asia during 2008, says the Asian Development Bank.
Ryanair price error 'to be fixed' Ryanair says it will fix a fault on its website that means it is breaking official rules on price clarity.
EU suspends funding for Bulgaria The European Commission suspends aid to Bulgaria worth hundreds of millions of euros amid concern about organised crime.
GE in $8bn Abu Dhabi investment General Electric seals a $8bn tie-up with an Abu Dhabi investment firm to provide finance in the Middle East.
Global energy 'must grow 50%' World demand for oil will grow by 50% by 2030 but supply should keep up with demand, Opec says.
Indian stocks up after key vote Indian stocks rise more than 5% after the government wins a vote of confidence that could enable key reforms.
