BUSINESS

A hacking group called Lizard Squad takes responsibility for knocking Sony's PlayStation Network offline.

Oil prices drop post release of Chinese monthly trade data that missed expectations.

China registers another record monthly trade surplus of $54.5bn for November, up from $45.4bn in October.

Strong US data and currency are the main reasons for Asian FX weakness while China data weigh on the AUD and NZD

Average price of a gallon of gasoline in the US has dropped one dollar since early May, according to the latest Lundberg survey.

Headcounts will come down across all upstream and downstream activities and corporate centres.

The reports calls privatisation of these sectors a 'failed experiment'.

The Vatican seizes accounts of former bank managers and lawyer suspected of stealing of €60 million through property sales

North Korea was suspected of committing attack in revenge for production of movie about assassination of country's leader Kim Jong-Un

The dollar hit a five-year high against a basket of currencies post the release of the upbeat US employment report.

ECB, BoE and US Fed to come out with economic reports.

Demand for dollar-denominated commodities such as gold typically weakens on a stronger greenback.

About 53% of London's workforce are college graduates.

Many EU nations, US, Australia and Japan vote against move saying talks must be held at IMF or Paris Club.

Some Sony employees receive emails threatening them and their families.

This will be the second-largest IPO in Asia Pacific outside Japan this year.

Mounting public debt leads to downgrade dealing blow to Prime Minister Matteo Renzi.

DeathRing malware could launch attacks such as phishing, and thereby invade user privacy.

Jordan's King Abdullah visited the White House where he met with US President Barack Obama.

With the Christmas season in full swing people everywhere are browsing the shops to stock up on presents. One of those shops is the Etsy Pop-up house opening for the first time in Covent Garden. IBTimes UK had a look at what they have on offer.

Canada's dollar fell to five-year low as economy recorded falling employment in November.

Latest data show trade deficit fell by 0.4% to $43.4bn in October.

The BBC reports that there were 'serious errors' in the CQC's calculations.

Russia's foreign minister Sergei Lavrov criticises France over warship delivery delays.

Pound is unresponsive to the UK data as the big US jobs data is due shortly.

Ukraine's hrynvia currency has lost 46% of its value against the dollar in 2014 amid recession.

Vatican City finance chief Cardinal George Pell admits hundreds of millions of euros lies off balance sheet.

India will grow 6.8% in 2016 while China will slow to 6.7% by 2016.

It is alleged that they were plotting to 'raid the country's communication systems'.