Royal Dutch Shell wins approval from the US Department of Interior to explore for oil in the Arctic.

Greece's finance minister says his country's financial situation is "terribly urgent" and the crisis could come to a head in a couple of weeks.

Picasso's Women of Algiers becomes the most expensive painting to sell at auction, going for $179.3m at Christie's in New York.

Asian shares trade mixed after a lacklustre lead from Wall Street as confidence was dampened by uncertainty over Greece's debt deal.

German consumer goods giant Henkel is buying Colgate-Palmolive's laundry brands in Australia and New Zealand for €220m ($245m; £157m).

Easyjet reports a profit for the first half of its financial year, helped by lower fuel prices, a weaker euro and a strong finish to the ski season.

The government sells another tranche of shares in taxpayer-backed Lloyds Banking Group, reducing its stake in the bank to below 20%.

Taxpayer-backed Royal Bank of Scotland (RBS) could face further fines in the US following a court ruling regarding the sale of mortgage bonds to investors.