US economy grows 4% in second quarter

The annualised pace of growth beat economists’ forecasts

BoE unveils stricter rules on bonuses

Proposals include threat of jail for reckless bankers

Barclays takes £900m PPI charge

First-half pre-tax profit halves at investment bank

Ofgem drafts tough price curbs on power

Move will cut bills by an average of £12 a year

Total suspends Russian share purchases

Energy group halts buying of stock in Novatek after MH17

Airbus examines sale of Dassault stake

Commercial airliners drive increase in group earnings

EU and US toughen sanctions on Russia

Strongest action against Moscow since cold war

Hedge fund tycoon versus the apocalypse

Singer’s warning on electromagnetic pulse he dreads

A very early version of Google’s self-driving prototype vehicle

UK gives green light to driverless cars

Cable announces £10m competition for testing in British cities

BAT profits hit by strength of sterling

Currency swings overtake tobacco group’s emerging markets growth

UK property upturn boosts Rightmove

User enquiries leap more than a quarter to record in first-half

Twitter finds love, but doubts remain

Market’s euphoria may be unrequited

Comment and Analysis

Xi’s ‘tiger’ hunt breaks old party taboo

President risks stability with campaign against high-profile figure

Europe’s investment banks fight back

Some banks are regaining ground from US rivals in trading debt and currency instruments

Lloyds and lessons from past scandals

The banking sector is being reformed but more is needed

Best comments from our readers

"If you're poor (the new middle class) you are already surviving in the 'permanently damaged' side of the economic activity equation, as well as asymmetrically informed, non-invested and unable to change your situation regardless of the educational level attained..."
By camus_deferral on Fear of bubbles hides the danger of stagnation

"A first useful step in improving the governance of financial markets. As much as I sympathise with those that would have preferred retroactive application, the value of the legal principle of 'no' retroactivity is worth preserving in a democratic society."
By Paul N. Goldschmidt on UK bankers face tough bonus clawbacks

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