US used Iran cash as prisoner ‘leverage’

Republicans allege $400m in cash was akin to ransom payment

Brazil considers charges against Lochte

US swimmer allegedly lied about being robbed at gunpoint

Redstone and Viacom board on verge of deal

Under deal, Dauman to step down as chief in victory for Redstones

Judge rejects $100m Uber driver settlement

Both sides told to return to negotiations in long-running dispute

Omran’s image symbolises Syria’s suffering

Campaigners hope video will galvanise international community

Clinton Foundation to end foreign gifts

Donations policy to be revised if Hillary is elected

European stocks soft as bond yields firm

Dollar recovers some poise as Fed policy stays in focus

Paul Singer says bond market is ‘broken’

Elliott Management head warns on state of the global debt market

City to argue for ‘Swiss plus’ deal with EU

Universal access to single market impossible, admit grandees

Deutsche faces US swap-reporting charges

CFTC files complaint over failures of supervision at German bank

Clinton gains with educated white voters

Democrat has edge in traditional bedrock of Republican support

Comment & Analysis

New dawn for US junk bond market

Yield shortage prompts rally in low-rated debt, but caution is warranted

Modi blows warm and cold with Pakistan

Indian premier creates ambiguity and uncertainty in a war of words over Kashmir

Detail from Illustration by Lucas Varela
©Lucas Varela

Fantasy Iceland

‘I first spotted it, my future home, when I pulled over midway through a day’s drive’

Conversation starters: Comments from our readers

"The thing that making an Irish coffee and pulling a pint of stout have in common is they both take a little more time and dedication than say frothing up a cappuccino or pulling a pint of bitter. Is the underlying problem that Irish time is getting more in synch with other people's concept of it? A terrible thought."
Good European on The pouring of Irish coffee is a national disgrace



"It must be a matter of working for yourself, versus working for another. I doubt medalists would train hard if the boss of the olympic comitte was awarded the medal and in return the athlete got paid a salary."
TMallon on Office workers can learn from the Olympians



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