Oil slides after Trump says talks with Iran will resume

Tehran says a deal with Oman to reopen Strait of Hormuz to shipping was close

AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up

Deal would create world's fourth-largest drugmaker by market value

Japan vows further yen intervention with US if needed

Finance minister Satsuki Katayama confirms joint action with Washington to counter ‘disorderly movements’

A digital iron curtain is threatening the global economy

Amid geopolitical barriers that risk slowing progress and trade, Europe can become a trusted connector

US gas guzzlers see off Europe’s EVs in latest round of car wars

Detroit carmakers had a strong second quarter, while their European rivals remain downbeat

How US drinkers fell out of love with Bud Light

AB InBev shifts marketing dollars to other brands as tie-ups with celebrities and cage fighting fail to halt decline in sales

Whatever happened to prudence?

Governments have stopped correcting budget deficits but — so far — bond markets have let them

Wall Street learns to love blockchain

Financial companies hope to modernise markets with the technology but systemic risks remain

The buyers of £5mn properties don’t look like they used to

The profile of super-prime buyers has radically changed — and agents aren’t keeping up

Hugo Spritz Boom Shakes Aperol's Fizz

US sales of Campari’s orange spirit outstripped by Bacardi’s St-Germain elderflower liqueur

What percentage of UK households are net contributors?

Despite attempts, the figure is virtually impossible to calculate

Morgan Stanley’s IPO after-party: a wealth management bonanza

Bank’s underwriting of SpaceX and other new issues generates $74bn second-quarter haul in wealth management assets