AbbVie acquires Pharmacyclics in $21bn deal

Company unexpectedly trumps rival US suitor Johnson & Johnson

China lowers growth target to ‘around 7%’

New goal signals acceptance country’s economy has entered ‘new normal’

Cameron rules out Miliband TV face-off

PM offers single, seven-leader election debate

Polls signal Labour wipeout in Scotland

Big names from major parties face eviction by resurgent SNP

Exxon chief says oil prices will stay low

Tillerson points to 12 per cent capital spending cut this year

Milton Keynes, created in the 1960s, is the base for 150,000 jobs

Innovation the main driver of north-south divide

Blaming woes on industrial decline too simplistic, study says

Asia downbeat after Wall Street retreat

Chinese stocks falter after GDP growth target cut to 7%

Fridman given week to save gas deal

Energy secretary ‘willing to consider further representations’

Brazil Senate President Renan Calheiros, leaving the Congress Building after the session, he is accused to being involved in process of corruption. Calheiros was absolved today during session of the Federal Senate. Brasilia, Brazil on September 12,2007. Photographer: Adriano Machado/Bloomberg News.

Petrobras scandal derails Brazil austerity

Fiscal measure blocked after attorney general probes 54 politicians

Fed feared Japan-scale crisis in 2009

Meeting transcripts reveal depth of concern about US recession

Farfetch fashion

Luxury website Farfetch valued at $1bn

Online retailer is latest London start-up to lure big US tech investor

Comment and Analysis

12th October 1977: 16 year old William Hague from Yorkshire addressing the Conservative Party Conference at Blackpool in 1977. He got a standing ovation. Behind him on the left Prime Minister Margaret Thatcher and Geoffrey Howe listen attentively. (Photo by Frank Barratt/Keystone/Getty Images)
©Hulton/Getty Images

A test for British diplomacy

A good diplomat possesses character as well as intellect, writes Robert Cooper

City avoids Brexit from trading in euros

ECB must stop trying to wrest financial activity away from London

Life in smog should spur China to action

Long dismissed as a side effect of development, air pollution is now a concern

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