McDonald’s Japan axes profit guidance

Fast-food chain withdraws full-year forecast amid falling sales

Military drills halt China civil flights

Services out of Shanghai among those axed due to PLA exercises

BP flags Rosneft sanctions concern

Oil major says trade bars could have ‘material impact’

Europe firm as focus turns to US data

Tokyo shrugs off disappointing retail sales

Tokyo Olympic Games costs jump

Weak yen drives up price of materials

Deutsche Bank takes lead in fixed income

Lender’s second-quarter net income falls more than expected

Medicare expected to stay solvent longer

But disability trust fund will run out of cash by end of 2016

Dollar Tree buys Family Dollar for $8.5bn

Deal marries two of the US’s largest discount store chains

Nomura's earnings decline as Japan rally pauses

Japanese bank reported net income of Y19.9bn for the first quarter

Microsoft target of China antitrust probe

Latest setback for company follows moves against US tech groups

Borders closed to tackle Ebola outbreak

More than 700 dead in West Africa so far

Comment and Analysis

Kerry ceasefire efforts anger Israelis

Secretary of state opens a rift between US and its ally

Brazil voters face dirty politics as usual

Corruption allegations fly as election campaigns begin

How Lloyds bit the hand trying to save it

UK bank first to be accused of harming taxpayer-funded scheme

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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