1 December 2011
Last updated at 22:57 ET
The French President, Nicolas Sarkozy, says France and Germany must pull together to ensure stability at the heart of Europe.
The President of the European Central Bank, Mario Draghi, signals that closer fiscal union might pave the way for action.
Massachusetts is suing five major banks alleging "illegal" and "deceptive" conduct in the way they seized homes during the financial crisis.
Shares in Yahoo rise on reports that China's Alibaba Group is preparing a takeover bid for the US internet firm.
The crisis in Europe is damaging African economies, according to the South African and Nigerian finance ministers.
Banks should prepare to withstand an "extraordinarily serious" climate, with the eurozone crisis the main worry, the Bank of England chief says.
A contraction of Chinese manufacturing, shown by data just released, may be more immediately worrying for Europe than for China, because it may confirm that the eurozone, which is a big market for Chinese goods, is already in recession (and the UK may not be far behind).
The ECB president's comments before the European Parliament have added to a mood of very cautious eurozone optimism.
More from Business
Latin America poverty at new low
Latin America's poverty rate has fallen to its lowest level in 20 years but challenges remain in reducing inequality, the UN says.
Debt crisis in 'critical period'
EU finance ministers meet in Brussels after amid warnings that the region has days to take decisive action to resolve the crisis.
China lowers bank reserve ratio
China says it will cut the limit on the amount of cash the country's banks have to hold in reserve, a move designed to encourage more lending.
Man City top list of agent fees
Manchester City spent more than any other side on agents' fees according to the latest annual figures released by the Premier League.
Talking apps down on the iFarm
Has agriculture been neglected by the technology community? Dave Lee meets farmers looking at ways to utilise apps and other software to help them become more efficient.
The latest news and analysis as the economic crisis continues
Useful Business Links
World business summary:
Features & Analysis
Adapting is the key to India's success
Brazil looks for legacy beyond 2014 World Cup
South Korea's drive for renewable energy
The multi-millionaire at the forefront of Chinese philanthropy
Fancy building your won social network?
Artificial turf is winning over South American football
An Israeli start-up helps the UK save water.
You can follow the latest updates on Twitter
You can also become a fan of the Business on Facebook
Visit the towns of Thuringia - the former home of German enlightenment and literature
From Business in the last week
The big global business issues that affect consumers, investors and the environment
Stephanie Flanders discusses the global financial crisis with top economic thinkers
Business DailyWhat are the challenges of bringing together rich India and poor India?