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The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1%, official figures show. The gains were driven by strong consumer spending and...

China’s economy grew at an annual pace of 6.7% in the three months to June, official data showed, meeting forecasts for the period. That marked a slight slowdown from a 6.8% expansion recorded in...

Oil prices suffered steep falls on Wednesday after Libya said it would boost supply, even as investors fear that trade tensions will hit demand. Brent crude dropped 6.9% – the biggest decline in...

Harley-Davidson plans to shift some motorcycle production away from the US to avoid the “substantial” burden of European Union tariffs. Last week, the EU imposed retaliatory tariffs on US...

Theresa May has been urged to stick to the government’s timetable for having a vote on Heathrow expansion.  A number of business lobby groups have signed a letter saying the government needs to...

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...