TJX Cos said on Tuesday it had acquired a 25 per cent stake in Russian low-cost clothing retailer Familia for $225m, the first major M&A purchase in Russia by a western company since the US and EU sanctioned Moscow in 2014.

Rio Tinto has hit back at claims that the agreements underpinning its huge $5.3bn underground copper project in the Gobi Desert are illegal.

Korean banks have become the latest Asian investors to finance the Africa Finance Corporation with the closing of $140m so-called “kimchi” facility by the Lagos-based energy and infrastructure fund.

Tata Steel is planning to cut 3,000 jobs across its European operations as the company wrestles with “unprecedented” market conditions.

Boris Johnson’s government plans to wave through the acquisition of Cobham, the UK aerospace and defence supplier, by US buyout group Advent International on condition that the new owner strengthens security around sensitive sites and informs the Ministry of Defence of any plans to sell the business.

The US Department of Justice is set to strike down rules that have curbed the power of film studios for the past 70 years by limiting their ability to own cinemas and impose minimum ticket prices.

The Trump administration has granted an extension for US companies to do business with blacklisted Chinese telecoms group Huawei as regulators continue to hammer out rules on companies that pose national security risks and negotiators strive for progress in trade talks.

It has been called South Africa’s worst job next to President Cyril Ramaphosa’s, but Eskom, the country’s blackout-prone and near-bankrupt state power monopoly, has finally secured a new chief executive.

Emirates has ordered 50 Airbus A350 jets worth $16bn at list prices, which would help the Dubai government airline serve more markets as it seeks to improve the flexibility of its fleet.

Norilsk Nickel has proposed cutting dividends as it sinks cash into new projects to boost production and tap into the electric vehicles boom.

Gazprom Neft, Russia’s third-largest crude producer, said net profit dropped by a fifth from a year earlier, driven by lower oil prices and following increases during the previous two quarters.

Barrick Gold has kicked off its asset disposal programme with the sale of a stake in one of Australia’s biggest gold mines.

Yandex, Russia’s largest technology company, has agreed with the Kremlin to restructure its goverance by transferring a “golden share” to a foundation with expanded veto power.

The leaders of the UK’s major political parties, Boris Johnson and Jeremy Corbyn, will face off in their first televised debate. It’s also another big week in the retail sector, as some of the industry’s biggest players in the US report earnings.

US stocks booked fresh record highs as upbeat comments from the White House on trade talks buoyed investor optimism.

The US Supreme Court has agreed to take up a Google appeal in a long-running copyright case brought by Oracle that has cast a shadow over common development practices in the software world.

Tough new safety standards for tailings dams, including the appointment of a qualified and experienced engineer to check their safety, have been proposed by a group representing the world’s biggest miners as they seek to avoid any further disasters.

Signs of American shoppers curbing their spending emerged in the latest retail sales report, raising questions about the ability of one of the US economy’s brightest spots to keep sustaining the nation’s long-running expansion.

Petra Diamonds said it sold a 20.08-carat blue diamond for $14.9m, sending its shares nearly 8 per cent higher.

Brussels is planning to extend temporary market access to UK clearing houses as it steps up preparations to prevent financial turmoil should Britain crash out of the EU.

The International Energy Agency said Opec and its allies face a “major challenge” next year as demand for their crude falls sharply in response to accelerating production from rivals.

Business registrations have surged in France, helped by a friendlier tax environment as the economy outperforms the wider eurozone.

An investment by Warren Buffett’s Berkshire Hathaway boosted shares in upmarket furniture retailer RH, representing one of the most notable purchases by investment managers in the third quarter.

The US has been preparing an extradition order against British entrepreneur Mike Lynch over criminal charges resulting from the $11bn sale of software company Autonomy, it emerged this week.