Germany cancels Verizon contract over snooping fear

The German government has cancelled a contract with Verizon over concern that US firms may be giving data to US authorities.

Britons in the lead with smartphone shopping

Britons are far ahead of their European counterparts when it comes to smartphone usage for online shopping, according to new research.

Billions wiped off Europe's biggest companies as political rebellion rocks eurozone

More than £122.3bn was wiped off the value of Europe's biggest companies on Monday amid fears that the eurozone's commitment to austerity was being swept away by political rebellion - just as its debts hit record levels.

Dexia bank gets massive bailout

France, Belgium and Luxembourg are to bail out the troubled bank Dexia, following fears it could go bankrupt.

The Belgian government will buy the bank's division in Belgium for 4bn euros ($5.4bn; £3.4bn).

And Luxembourg's finance minister said a Qatari investment group was ready to buy the bank's Luxembourg unit.