The US Treasury on Tuesday eased sanctions on Gaz Group, the Russian automotive manufacturer, giving Americans more time to wind down contracts with the Oleg Deripaska-owned company.

US lawmakers have voted for the biggest changes to financial regulation in eight years, approving a bill that gives banks outside Wall Street’s top tier respite from rules designed to prevent a repeat of the last crisis.

US retailer Urban Outfitters is back in fashion, with its latest quarterly earnings easily surpassing analysts’ estimates and showing solid growth across its key apparel brands.

Hewlett Packard Enterprise has raised its full-year earnings outlook after seeing a solid advance in revenue during the past quarter, thanks in part to a double-digit gain for its storage business.

Intuit continued to cash in on the rise of the “gig economy”, with demand from freelancers and small-business owners for its tax and accounting software programmes helping the company deliver fiscal third-quarter results that trounced expectations.

Tesla has hired a software engineer from disappearing message company Snap to take a key role that includes working on its autopilot programme, at a time when two fatal crashes have brought close attention to the early-stage self-driving car technology.

US stocks ended Tuesday in the red as investors turned cautious following big gains in the prior day session amid fresh uncertainties over trade talks with China.

MEPs were left frustrated by Mark Zuckerberg during a grilling at the European Parliament where the Facebook founder was accused of evading questioning.

Toll Brothers is poised for its worst day in five years on Tuesday after the US luxury homebuilder sounded the alarm on rising cost pressure and delivered weaker than expected second-quarter profits.

Altria is hoping to light a fire under its efforts to diversify away from traditional tobacco products, announcing on Tuesday that it was creating two new divisions — one for “core” tobacco like cigarettes, and a separate unit for “innovative” products like vaping devices, as smokers increasingly seek out less harmful options.

US President Donald Trump has cast doubt that his summit with North Korea’s Kim Jong Un will go ahead on June 12 as planned.

The FTSE 100 edged to another record high thanks to a weaker pound and stronger commodity prices. But Inmarsat underperformed after the satellite operator lost its decades-old monopoly to provide distress signals for ships.

UK high street stalwart Marks and Spencer plans to step up its store closure programme after finding that a high proportion of customers tend to shop at alternative branches rather than abandoning the brand altogether when their local store shuts. It now says that “over 100” stores will close by 2022, from an earlier target of 60.

Fifa has delayed a vote on a $25bn proposal to create two new global tournaments, postponing a showdown on a move that has polarised football clubs, leagues and federations around the world.

Tesco is to close its loss-making Tesco Direct general merchandise business in another sign of tighter focus on food and less emphasis on side-projects initiated by the group’s previous management.

The dose of optimism on US-China trade relations that boosted US stocks higher on Monday was fading on Tuesday morning, with the Dow Jones Industrial Average dipping into the red while investors mull the latest developments from the two countries’ talks.

Save the Children’s former chairman has revealed the charity failed to inform Unicef its former chief executive had been investigated over alleged sexual misconduct because it had not been a “formal disciplinary process”.

Some of Germany’s most prominent economists have joined forces to attack French president Emmanuel Macron’s proposals for deeper eurozone integration and have called on European leaders to set up a framework to allow countries to quit the single currency.

The UK government kicked off the new fiscal year by borrowing the lowest net amount in April in a decade, after substantially undershooting expectations for the previous year.

ThyssenKrupp shares jumped 8 per cent on Tuesday after a report that activist fund Elliott Management had purchased a stake in the company with a view to replacing the chief executive.

BP is to cut 3 per cent of its workers in exploration and production in a sign of oil companies continuing to lower costs even as crude prices rise.

Intermediate Capital Group is close to signing a deal to acquire a stake in Iris, a business software provider, according to two people with knowledge of the situation.

TJX Cos on Tuesday said customer traffic drove robust sales growth at the discount chain and added that its current quarter has got off to a “strong start”.

The Serious Fraud Office’s sprawling investigation into Unaoil, the Monaco-based oil consultancy, has resulted in a pair of existing defendants facing extra charges over allegedly making corrupt payments to secure a $733m Iraqi contract.