The head of the International Monetary Fund tells the BBC that the outlook for China, the world's second-largest economy, is not all "doom and gloom".
Central banks in the UK and the US "need to be courageous" and raise rates, says former Bank of England policymaker Andrew Sentance.
Embattled mining giant Glencore says it is slashing its zinc production in reaction to a 30% plummet in the commodity's price in the past few months.
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.
It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?