The RAF may be paying billions of pounds too much for its new, air-to-air refuelling Voyager aircraft, BBC Newsnight has discovered.

JPMorgan Chase, the biggest US bank, reveals a surprise trading loss of $2bn (£1.2bn) on complex investments made by its traders.

The UN Security Council condemns bomb attacks which killed at least 55 people near an intelligence complex in the Syrian capital, Damascus.

Major UK-based firms cut secret deals with authorities in Luxembourg to avoid paying millions in corporate tax in Britain, a BBC Panorama investigation finds.

A gust of wind blew out the flame of the Olympic torch as it began its journey to the London 2012 Games.

China's inflation rate slows to 3.4% in April, raising hopes that the central bank will cut interest rates to sustain growth.

The National Audit Office says the government's flagship Regional Jobs Fund must offer better value for taxpayers' money.

A panel of US health experts recommends formal approval of Truvada, a drug to prevent HIV infection in healthy people.