BP spreads blame over oil spill A BP report says \"a series of failures\" by BP and its contractors were to blame for the massive Gulf of Mexico oil spill.
Writing off tax is \'unaffordable\' The country \"cannot afford\" to write-off underpayments of income tax caused by problems with the calculation system, a minister says.
Cable worries over \'casino\' banks Business Secretary Vince Cable expresses \"worry\" about the combination of High Street banks with investment banking, after Bob Diamond is named as Barclays\' new boss.
UK factory output rises by 0.3% UK manufacturing output rises 0.3% in July from the month earlier, thanks to increased output in the machinery sector.
Canada in third bank rate rise Canada now has interest rates of 1%, after raising its key lending benchmark for the third time this year.
Dublin to break up Anglo Irish The Irish government says it will break up the nationalised Anglo Irish Bank as part of the failed lender\'s resolution.
Greece economy contracts by 1.8% The debt-laden Greek economy shrank by a surprise 1.8% in the second quarter as households slashed spending.