Stock markets fall following news that the US economy added considerably fewer jobs than had been expected in May.
US car giant General Motors announces plans to reduce its pension obligations by $26bn by offering thousands of retiring workers lump-sum payments.
Voters in the Republic of Ireland back the EU fiscal pact in a referendum, with results showing 60% cast ballots in favour.
Google will start charging companies for listing products in the shopping section. From autumn only retailers who have paid will appear.
Our daily morning business round-up looks at the main stories in Europe and Asia.
The organiser of a charity music festival which flopped last month apologises for leaving creditors out of pocket.
BP plans to divorce its Russian oligarch partners by selling its stake in the massively lucrative TNK-BP joint venture.
Unemployment in the eurozone was 11% in April, unchanged from March, but still the highest since the bloc was formed, official figures show.
The rate of contraction in Spains manufacturing sector was worse than that of Greece in May, an influential business survey suggests.
The UKs manufacturing sector contracted at its fastest pace for three years in May, according to a closely-watched survey.
Activity in Chinas biggest and mainly state-owned factories hits the lowest point this year due to weak domestic demand.
The British Chambers of Commerce slashes its forecast for economic growth this year, to just 0.1%, and calls for more action to help businesses.
Spains economy minister dismisses talk of it seeking a bailout from the International Monetary Fund as "senseless".
People in the Republic of Ireland vote in the eurozones only referendum on the EU fiscal pact, which limits budget deficits.
Entertainment venue Hammersmith Apollo which has held concerts by bands from The Beatles to Queen, is sold by its owner HMV.
The head of Anglo-Swiss mining firm Xstrata is offered almost £29m to stay on as boss once its merger with Glencore is completed.
The US economy grew at an annualised pace of 1.9% in the first three months of this year, weaker than the 2.2% first thought.
Computer services company Logica agrees to be bought by Canadian rival CGI Group for £1.7bn.
Shares in Halfords fall 10% after it reports a 27% fall in profits and says recent trading has been "very disappointing".
The Indian economy records its worst performance since 2003 on the back of a widening trade gap and poor investment.
One of the two companies planning to build the giant HidroAysen dam in Patagonia has frozen the project, citing lack of government backing.
General Motors signs a deal with Manchester United that will see the carmakers Chevrolet brand become the football clubs car sponsor.
Thomas Cook sees its half-year losses increase sharply after a "difficult" six months, but says it is taking "decisive action" to improve its position.
Japans factory output is weaker than expected in April because of slower demand for electronics goods, according to official figures.
Graff Diamonds halts its $1bn (£646m) Hong Kong share sale, set to be Asias biggest in 2012, citing tough market conditions.
The proportion of income that top flight football clubs in England are spending on wages has hit a new high, says Deloitte.
Telefonica announces a plan to sell shares in its German unit on the stock market in a effort to reduce its debt burden.
Fears over Spains finances have sparked losses for stock markets and a move into safe haven investments.
The European Commission suggests that banks should be bailed out directly, and proposes a eurozone-wide banking union and deposit protection scheme.
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