Yahoo agrees a deal to buy New York-based blogging platform Tumblr for $1.1bn (£723m) in a deal that will value founder David Karp's stake at $275m.

China cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.

The FTSE 100 reaches its highest since September 2000, with analysts saying that the index may climb further.

It is a decade since the first person in the UK used a chip and pin card to pay for goods.

The British Chambers of Commerce say the number of small and medium sized business actively exporting has risen - but there needs to be better support for UK manufacturing.