Activity at European businesses hits a near three-year low in May, according to the survey of purchasing managers by Markit.

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Eurozone downturn ‘accelerating’

David Cameron clashes with Labour leader Ed Miliband over proposals to make it easier for businesses to sack workers.

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PM and Miliband clash on sackings

Charges for single use carrier bags is a burden on small businesses and harming tourism in Wales, it is claimed by the TaxPayers’ Alliance .

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Bid to scrap carrier bag charges

Japan urges businesses and households to cut electricity use by up to 15% to avoid possible blackouts.

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Japan urges cuts in power usage

With its best-selling drugs losing patent protection, Pfizer is shedding money-making but noncore businesses to focus on pharmaceutical sciences.

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Pfizer Profit Declines 19% After Loss of Lipitor Patent

A regulator has warned businesses to avoid using “misleading or undesirable” trading names that suggest they are charities or helplines.

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Warning over ‘misleading’ names

About 40 firms based near the Olympic Park plan to sue the organiser of the Games over fears of a “devastating” impact on their businesses.

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‘Bullied’ firms plan to sue Locog

Thousands of homes and businesses in England are without electricity after gales and ice brought down power lines.

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Thousands lose power after gales

In Midtown Manhattan, rival businesses have been cutting prices so low that the only people who seem to be profiting are their customers.

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In Manhattan Pizza War, Price of Slice Keeps Dropping

Three months into his job, RIM’s chief executive is reviewing its businesses and changing management.

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BlackBerry Maker RIM Posts Another Loss

Facebook has weighed in on a practice by some businesses asking employees or job applicants for their passwords to the popular social-media site.

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Facebook: Employers risk lawsuit

Vince Cable says he would like to see Royal Bank of Scotland turned into a new bank for British businesses, a leaked letter shows.

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Cable calls for RBS to be split

The number of UK businesses planning to increase their spending on marketing has risen sharply from last year, a survey suggests.

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UK business confidence ‘growing’

The nation’s unemployment rate is falling faster than expected , but what counts as a job has become increasingly murky. More than a quarter of people who have found jobs since the recession ended have landed in temporary positions, according to government data, though private estimates range far higher. The numbers reflect a fundamental change in the way Americans work, with neither businesses nor their employees expecting to stay together for life. Read full article > >

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Surge in temp workers reflects fundamental change in American workplace

BEIJING — As China moves to invest billions in businesses around the world, one major industrial nation has so far soaked up very little of the cash: the United States. The issue will be on the agenda next week during Vice President Xi Jinping ’s official visit to the United States. The Obama administration has made seeking Chinese investment a priority, with an eye toward creating more American jobs. But the flow of funds dropped sharply last year, and experts say the task is complicated by a perception that the United States is an unfriendly place for Chinese investors. Read full article > >

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U.S. says it wants investment, but China remains wary