YouTube is removing music videos by artists such as Adele, Arctic Monkeys and Radiohead, because the independent labels to which they belong have refused to agree terms with the site.

The government's Help To Buy scheme creates "medium and long-term risks" to the taxpayer, MPs warn.

American Airlines says it is cutting nearly 80% of its flights from the US to Venezuela in a dispute over tight currency controls.

Japan narrows its trade deficit in May as exports fall by more than expected, and imports also dropped, for the first time in 19 months.

Facebook launches a new photo-messaging app called Slingshot one week after accidentally releasing an incomplete version on Apple's app store.

China rejects a shipping alliance aimed at saving the industry money, despite approval from the US and the EU.

Swedish fashion retailer Hennes & Mauritz (H&M) says "well-received" spring collections led to a strong second quarter.

The Bank of England appoints China Construction Bank as the Chinese currency clearing bank in London.