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BT offers holidays for pay cutsBT offers staff the chance of long holidays in return for a big pay cut in a bid to reduce costs during the economic downturn.Rogue trades cost oil broker $10mA rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades.BA to cut spending by one fifthBritish Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.Latest news, explainers and advice on coping with a recessionDarling issues warning to bankersChancellor Alistair Darling warns bankers it would be "disastrous" to repeat past mistakes - especially excessive bonuses.E.On cutting gas prices by 3.3%Energy firm E.On will cut its gas prices for domestic customers by 3.3% - an average of £25 a year - from Saturday.Mandelson hints at Vauxhall loansThe UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, says Lord Mandelson.Mortgage repayment quickensHomeowners in the UK paid back a record amount of their outstanding mortgage debt during the first three months of 2009.Europe nears gas pipeline accordFive European governments are due to sign an agreement on 13 July for a major new pipeline from Central Asia.Union's Tesco challenge defeatedTesco shareholders vote against a call to end the alleged exploitation of workers in firms supplying meat to the supermarket group.How to find property in England and Wales for under £40,000The most affordable property in some areas of England and Wales is on the market for less than £40,000, a survey suggests.Korea changeHow a British beer ended up as Pride of PyongyangFeed the poorWelfare costs to strain India's budgetRogue tradingCan one individual have the clout to move markets?Man's world?Encouraging more women to work on building sitesBurning outBudget busts mean damp squibs in the US on 4 JulyFor richer...Is this the green light for pre-nuptial agreements?Eurozone retail sales post fallRetail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.More backing for Rio cash-raisingA Rio Tinto rights issue sees strong take-up from existing holders of its Australian-listed shares - after similar UK success.Regulators eye Google book dealUS anti-trust regulators are to examine Google's $125m deal with book publishers to settle copyright issues, reports say.Construction sees slowdownThe UK construction sector is expected to shrink by 16% in 2009, according to an industry body.Japan rethinks silent hybrid carsJapan considers adding noise-making devices to quiet hybrid cars to improve safety for blind pedestrians.GM awaits US ruling on sale plansA new General Motors could emerge from bankruptcy protection soon if a US judge approves its plans to sell assets.Go-ahead for Sahara gas pipelineNigeria, Niger and Algeria agree to build a multi-billion-dollar gas pipeline across the Sahara.Madoff's luxury penthouse seizedUS marshalls seize the $7m Manhattan penthouse of imprisoned fraudster Bernard Madoff, forcing his wife to move.Vodafone in deal with CarphoneCarphone Warehouse is to restart selling Vodafone mobile phone contracts, three years after Vodafone pulled the products.Credit card cheques crackdownUnwanted credit card cheques will be banned and a new post created to help consumers get refunds, the government says.US job losses worse than thoughtThe number of jobs lost in the US last month came in at 467,000, which is much more than had been expected.IMF refuses Zimbabwe new aidThe International Monetary Fund tells Zimbabwe it will not provide more funds until it has settled its existing $1bn debts.Pension view 'not radical enough'The author of an influential report into the future of pensions in the UK tells the BBC his proposals were not radical enough.Pensions 'threat' to Royal MailFailure to resolve the Royal Mail's huge pension deficit threatens the UK's universal postal service, it has been claimed.More defaults expected on loansDefaults on loans have risen and are expected to increase in the coming months, a Bank of England survey finds.California in 'fiscal emergency'Governor Arnold Schwarzenegger declares a fiscal emergency in California to deal with a $24.3bn (£14.5bn) deficit.Indian growth of 7% 'is possible'Economic growth of 7% in India is possible this year, according to a report from the country's finance ministry.Eurozone unemployment up againThe unemployment rate in the 16 countries using the euro rose to 9.5% in May, according to official EU statistics.RBS boss to delay selling sharesRoyal Bank of Scotland says chief executive Stephen Hester will not cash in shares worth up to £3.4m for a further two years.Warm weather helping Greene KingBrewer Greene King sees its annual profits fall 62%, but says recent trading had been boosted by the hot weather.New sales falls for US car makersUS vehicle sales dropped in June, but there were signs of stabilisation as Ford saw its smallest decline in a year.Robert Peston's blog: Keep up-to-date with the latest business analysisFor the latest business analysisGuidelines for financial journalists
