Yahoo's board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m; 857m euros), US media reports say.

The outgoing Bank of England governor warns a government plan to boost the housing market with part-mortgage guarantees has no long-term place.

Google's executive chairman Eric Schmidt defends the company's tax affairs after it comes in for strong criticism from MPs.

Labour leader Ed Miliband says he will write new rules to tackle corporate tax avoidance if he wins the next election, even without international agreement.

The latest UK government paper on the impact of Scottish independence will claim the UK is better placed to manage the risk of a financial crisis.