Ex-Yukos shareholders awarded $50bn

Ruling is biggest compensation award made in an arbitration case

IMF warns pound is overvalued

Fund also criticises Bank of England communications

Gaza fighting eases amid ceasefire calls

War-weary Gazans observe Eid holiday marking end of Ramadan

Ukip online shop makes £80,000 in a year

Range includes silk ties in party colours and hi-vis safety vests

House-buying confidence in UK tumbles

Land Registry data show market cooling

Reckitt pushes ahead with pharma spin-off

Group to divest heroin substitute business

Ryanair first-quarter profits soar

Late Easter holidays lift profits to €197m from €78m

BSkyB invests in virtual reality start-up

Pay-TV provider doubles its backing of California’s Jaunt

Peer-to-peer lending set to hit £1bn mark

Flow of funds doubles in the first half of the year

Italian police seize €104m from Nomura

Allegations bank defrauded the government of Sicily investigated

Investors more wary over tech stock run

Switch to cyclical investing may hit likes of Google and Amazon

Comment and Analysis

The app contains different 'looks' from make-up artists, some modelled by L’Oreal brand ambassadors such as Freida Pinto

Make-up enters age of the selfie

Hot L’Oréal app heralds fresh pressure on retailers

France proud of first world war solidarity

Battles seen as a time when the country stood together

Voices from Libya’s armed struggle

Three years after toppling Gaddafi, the revolutionaries have turned on each other

Best comments from our readers

"Politicians use tax as a social policy vehicle (e.g. cigarette taxes and tax credits) and an economic competitiveness weapon... Until its main purpose, a means of equitable funding expenditure is re-established as the dominant motivation, complexity will continue."
By cockney dave on Tim Harford: Why tax systems are trickier than Martian algebra

"The West Lothian Question is a complete non-issue. MPs are elected from all parts of the UK to make decisions about all parts of the UK... The fact that some decisions are devolved doesn't mean that those who are not subject to devolution are disadvantaged."
By RDerby on England may pay dearly for staying united with Scotland

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