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UK unemployment has fallen again but the number claiming benefits has continued to rise as axed public sector workers struggle to secure new jobs.

Marks & Spencer says it has faith in the British high street, despite seeing rivals struggle, as it reported a sales rise for the last quarter.

A growing number of consumers are seeking credit as they prepare for tough economic conditions ahead.

Fears are growing that Europe's sovereign debt crisis is spreading and could swallow up larger countries like Spain and Italy.

Rebekah Brooks, Rupert Murdoch and his son James may appear before MPs next week over the phone-hacking scandal, according to the Culture Committee's chairman.

UK unemployment fell 26,000 in the three months to May to 2.45m, but the claimant count increased in June, official figures show.

The Conservatives will join Labour and the Liberal Democrats in urging News Corporation to withdraw its bid for BSkyB.

The UK's total liability for funding public sector pensions reaches £1.1 trillion, the Office for Budget Responsibility says.

China's economy slows further in the second quarter after the government steps up its battle against inflation.

There has been a continued rise in the number of people looking for homes to rent, a survey of landlords suggests.

The phone hacking crisis engulfing News Corps' British newspapers could spread to the US. An influential senator has called for an investigation of the media giant's American interest.

Suppliers to several big clothing brands such as Adidas, Nike and H&M are polluting two of China's main rivers with hazardous chemicals, according to an investigation by Greenpeace.

Moneycontrol.com
Rand Gains 1st Day in Four as China Growth Overshadows Europe Debt Concern
Bloomberg
The rand advanced for the first day in four against the dollar after economic data showing China is maintaining momentum drove commodity prices higher and gold rose on concern Europe's debt crisis is ...
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The UK economy is still under pressure with one in four small businesses increasingly nervous of a double-dip recession.

The International Monetary Fund asks Italy to ensure "decisive implementation" of spending cuts to reduce the nation's debt.

Spiegel Online
Moody's cut casts doubt on Irish debt mkt return
Reuters
DUBLIN, July 13 (Reuters) - Moody's downgrade of Ireland to junk status will make it harder for Dublin to return to funding itself through debt markets next year and undermine its efforts to generate economic growth, ...
Ireland's economic recovery damaged by downgrade, says governmentThe Guardian
Irish Government Derides Moody'sWall Street Journal
German Bonds Rally After Moody's Lowers Ireland's Credit Rating to JunkBloomberg
RTE.ie -USA Today -Financial Times
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Fashion retailer Burberry reports better-than-expected quarterly sales, helped by strong growth in Asia.

As government cuts begin to bite, many employers are offering staff a choice between losing their jobs, or taking a pay cut.

Globe and Mail (blog)
Stock index futures point to gains for Wall St
Reuters
A flag flies on outside of the New York Stock Exchange building in New York May 6, 2010. (Reuters) Stock index futures pointed to gains for equities on Wednesday, reversing falls from the previous three sessions, with futures for the S&P 500, ...
Stocks Shrug Off Fed Minutes; Industrials SlipCNBC.com
Japanese Stock Futures Fall as Europeean Debt Concerns Increase, Yen RisesBloomberg
Gains made as gold surges to recordVancouver Sun
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Brazil's Abilio Diniz suspends plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour.