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The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now,...

Royal Bank of Scotland has agreed a $4.9bn (£3.6bn) penalty with US regulators to end a long-running probe into its actions in the lead-up to the financial crisis. RBS boss Ross McEwan said the agreement...

Oil prices hit $75 on Tuesday, the highest level in nearly three and a half years, as fears mounted over the prospect of new US sanctions on Iran. Brent crude jumped for the sixth day, trading as high...

Donald Trump has criticised the Opec oil producers’ group, saying crude prices are “artificially very high”. In a tweet, the US President said this was “no good” and “would...

Facebook has suspended a Canadian data firm that played a key role in the campaign for the UK to leave the EU. The social media giant said AggregateIQ (AIQ) may have improperly received users’ data. It...

Wall Street shares plunged to their lowest level in weeks on Monday in a wide sell-off led by technology firms. Intel was among the biggest losers, after a report that Apple plans to stop using Intel...

One of Britain’s oldest engineering firms has been sold for £8.1bn to a controversial investment firm. GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to...

Facebook ended the week $58bn lower in value after its handling of a historic data breach. Its founder Mark Zuckerberg apologised for data breaches that affected 50 million users. The apology did not...

The US labour market barrelled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. US payrolls expanded by 200,000 last month, driven...

Japanese giant Softbank is planning to list its mobile phone business in Tokyo and overseas, according to the Nikkei newspaper. The listing on the Tokyo Stock Exchange and possibly in London aims to raise...