Australia and several other economies that escaped the worst of the global financial crisis are now threatened by their massive run-up in household debt, the Bank for International Settlements has warned.
Italy's government is bailing out two banks in the Venice region at a cost of 5.2bn euros (�4.6bn; $5.8bn). The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza and Veneto Banca were failing or likely to fail.
Video has emerged of bewildered passengers suffering severe turbulence on an AirAsia flight that was forced to turn back after leaving Perth, following what may have been engine failure.
Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive.
SCOTTISH ministers are being urged to develop an “overarching strategy” to tackle the gender pay gap, with a committee of MSPs insisting that Scotland could be a “world leader” in promoting greater equality.