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UK banks should ring fence their retail banking divisions to protect them from riskier investment banking arms, a government-backed commission says.

International Monetary Fund chief Christine Lagarde urges “bold action” on the faltering world economy, ahead of a meeting of the G7 nations.

US and European shares fall as concerns continue about the strength of the economy, with banking shares most seriously affected.

European Central Bank’s chief economist, Juergen Stark, resigns amid reports about disagreements over its bond buying policy.

G8 nations pledge billions in aid to reforming Arab countries as the IMF decides to recognise Libya’s post-Gaddafi leadership.

Relations between Volkswagen and Suzuki are dealt a blow after the German carmaker accused Suzuki of breaching contracts.

Following a year of strong car sales, the industry gathers at the Frankfurt motor show amidst fears about the future.

Yukio Edano has been appointed Japan’s trade minister, reports say, after the abrupt resignation of the previous incumbent.

China’s imports hit a record monthly high in August indicating strong domestic demand despite concerns of a global slowdown.

Global stock markets fall as fresh concerns over a default by Greece send the euro to a 10-year-low against the yen.