The Bank of England keeps its key interest rate at 5% as it weighs up the slowing economy with inflation worries.

The Halifax says house prices fell 1.7% in July, with the average property price now 8.8% lower than at the same point last year.

Four current and former British Airways executives may face jail if convicted of fixing the price of fuel surcharges.

Speculation about possible stamp duty changes has added further uncertainty to the homebuying process, the BBC learns.

A new campaign group for consumers has been created by the government, replacing the National Consumer Council, Energywatch and Postwatch.

Citigroup is to buy back billions of dollars worth of securities, following a probe by the US financial regulator.

Andrea Pininfarina, head of a world-famous Italian car design group, is killed in a road accident in Turin.

Barclays reports a 33% drop in profits for the first half of 2008 to £2.75bn, with more write-downs linked to the credit crunch.

The US sees an unexpected increase in agreements to buy homes in June, according to a real estate organisation.

Attitudes to working mothers are becoming less favourable, a survey from Cambridge University suggests.

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Chinese PC maker Lenovo reports upbeat quarterly profits as it improved market share in Europe.

The European Central Bank maintains eurozone interest rates at 4.25% after its latest meeting.

Results from US retailers show disappointing sales in July, with the outlook between now and September looking poor.

Japanese carmaker Toyota sees quarterly profits drop less than expected but highlights the tough trading environment.

The US budget deficit is expected to hit $400bn this year, according to estimates from the Congressional Budget Office.

Industrial output in Germany grew by just 0.2% in June, adding to fears the economy is on the brink of sliding into a recession.

The International Monetary Fund cuts its growth forecasts for the UK economy over the coming two years.

Europe's biggest insurers, including Allianz and Axa, report profit falls as a result of the financial market turmoil.

Insurer American International Group reports a quarterly loss of $5.36bn with profits wiped out by writedowns on assets.

Time Warner prepares the ground for a major shake-up of its struggling internet business AOL as subscriber numbers fall.

The Conservatives accuse the Chancellor of "playing games" with the housing market amid talk of stamp duty changes.

France asks its energy regulator to cap electricity and gas price rises for private users to 2% and 5% respectively.

Off-licence chain Oddbins is sold by its French owners to the son of a former owner of the business.

Pension funds of FTSE 100 firms are in the red after the biggest funding swing since 2002, a report claims.

Abbey, one of the UK's biggest mortgage lenders, announces another round of rate cuts for new borrowers.

Job losses and falling property values has sent UK consumer confidence to new lows, the Nationwide says.

Petrol prices are falling but not fast enough, says the AA in response to oil prices hitting a three-month low.

The US Federal Reserve keeps its key interest rate on hold at 2%, as widely expected, amid recession and inflation fears.

The UK service sector shrinks for a third month in a row, while manufacturing output also falls, figures show.

Stock markets rally strongly in the US and Europe on the back of a continued fall in the price of oil.

The US service sector shrank once again in July, but by less than economists expected, figures show.

Broadcaster ITV says half-year profits fell 28% and predicts this autumn's advertising revenue will be much lower than last year.

Anglo-African platinum miner Lonmin rejects a £5bn ($10bn) takeover offer from larger rival Xstrata, calling it unwelcome.

An ex-US secret service informant is accused of being the ringleader in the country's biggest identity fraud case.