Former Archbishop of Canterbury Lord Carey criticises Church of England bishops who opposed the government's cap on benefits in the Lords.

Apple reports record-breaking £8.36bn profits for the three months to 31 December 2011, up 118% from the same period last year.

The defence committee says it is "shocking" that 40% of armed forces redundancies have been compulsory, while no civilian staff have been forced out of a job.

Eating fried food is not bad for the heart, as long as you use olive or sunflower oil to make it, experts suspect.

The government savings body, National Savings & Investments, cuts the interest rate on its main savings account, the Direct Saver, to 1.5%.

US President Barack Obama attacks income inequality and sets the tone for his re-election bid in his third state of the union speech.

David Cameron will stress his desire to reform the European Court of Human Rights in a speech in Strasbourg later.

Japan announces its first annual trade deficit in more than 30 years, a setback for a country known for its exports.