Robert Dudley, chief executive of the British-Russian energy giant TNK-BP, has been "disqualified" for two years as the company's head, according to Russian media. TNK-BP is at the centre of a dispute for its control.
Romanian striker Adrian Mutu was ordered by international football federation FIFA to pay his former club Chelsea 17.2 million euros in compensation after failing a drug test for cocaine. It's the biggest ever fine ordered in football history.
Bank of England governor Mervyn King warned Britain is facing an increasing risk of "one or two semesters" of negative growth due to an expected short-term inflation spike and a "broadly flat" economy.
Rebecca Adlington won Britain's first Olympic women's swimming title in 48 years with a victory in the 400 metres freestyle. France's defending Olympic champion finished last in eighth place after taking an early lead.
Royal Bank of Scotland, Britain's second largest lender, revealed a 691 million pound-first half loss due to a major writedown in risky assets. One of the biggest in British banking history, the loss is also RBS's first in four decades.
Archaeologists from the Museum of London found the remains of the theatre in which William Shakespeare's early works, including "A Midsummer Night's Dream" and "Romeo and Juliet", were first performed.
Britain's industry minister is backing the French energy giant EDF's move to buy nuclear operator British Energy. According to London, despite a recent disagreement between the parties, negotiations continue.
The Royal Bank of Scotland is to announce the biggest loss in British banking history according to The Sunday Times newspaper. Britain's number two bank could suffer a loss of around 1.27 billion euros brought on by the global credit crunch.