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The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors.

The union representing BA cabin crew says there will be no immediate announcement about strike dates.

The global airline industry will recover strongly this year, as passenger and freight numbers improve, its trade body says.

German carmakers Volkswagen and BMW report falling profits after the global downturn hit demand for cars.

A report into the collapse of US bank Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses.

The US trade deficit narrowed unexpectedly in January as fewer foreign cars and less crude oil were imported.

A Welsh MP echoes concerns of a former UK sports minister on the benefits of the London Olympics to the rest of the country.

News supplied by BBC

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