China

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People walk along the Bund in front of the financial district of Pudong, in downtown Shanghai. The nightmare scenario for China’s leaders as they try to wean the country off a diet of easy credit and breakneck expansion is a local government buckling under the weight of its own debt. Photograph: Carlos Baria/Reuters

China will start a nationwide audit of government debt this week as the new Communist Party leadership investigates the threats to growth and the fina(...)

Natural gas flares are seen at an oil pump site outside of Williston, North Dakota. Photograph: Shannon Stapleton/Reuters

Brent crude oil slipped towards $107 a barrel today, weighed down by concerns over demand growth, although a weak dollar and fears about supply disrup(...)

Sales of Danone’s dairy products were higher than predicted. Photograph: Chris Ratcliffe/Bloomberg

Danone, the owner of Evian bottled water and Activia yogurt, has reported second-quarter sales growth that beat estimates as the company sold more bab(...)

A customer walks up a staircase at an Apple shop in Hong Kong. A supplier of Apple products in China, Pegatron, has been accused of labour law violation. Photograph: David Paul Morris/Bloomberg

A labour rights group has accused a supplier of Apple in China of misconduct including withholding employees’ pay and environmental violations.The rep(...)

A VIEW of the pitch during the Asia Trophy Final match between Manchester City and Sunderland at Hong Kong Stadium on Saturday. Premier League chief executive Richard Scudamore conceded that pitch condition and location were among lessons to be learned following the torrential rain that threatened to ruin this year’s event. Photograph: Getty Images

The Premier League will consider expanding its biennial summer tournament around the world after the chief executive, Richard Scudamore, said Africa a(...)

Tottenham Hotspur’s manager Andre Villas Boas says Gareth Bale could face Monaco. Photograph: PA Wire

Spurs boss Andre Villas-Boas has confirmed he expects Gareth Bale to be back in training on Wednesday and to be challenging for a place in the side to(...)

The high-end smartphone market, which Samsung dominates along with Apple, is slowing. Photograph: Barry Huang/Reuters

Samsung Electronics announced a $1 billion increase in investment yesterday, hoping a strong recovery in semiconductors will make up for weakening sma(...)

Workers install a solar panel in Jiuquan, Gansu province, China. Photograph: Reuters

China and the European Union reached a deal today to defuse a multi-billion euro dispute over Chinese solar panels that threatened a wider trade war.A(...)

Treasury Holdings co-founder Richard Barrett, pictured, will get some €5 million cash “with no strings attached” under a proposed settlement of a legal action brought against him and co-founder John Ronan over a controversial €20 million transaction, a High Court judge has noted. Photograph: Eric Luke

Treasury Holdings co-founder Richard Barrett will get some €5 million cash “with no strings attached” under a proposed settlement of a legal action br(...)

The Eiffel Tower  illuminated during the traditional Bastille Day fireworks display in Paris last week. The city is visited by about 29 million tourists a year. Photograph: Gonzalo Fuentes/Reuters

Police in Paris have seized 60 tonnes of miniature Eiffel Towers that black-market vendors were hoping to sell to tourists.Paris is one of the world’s(...)

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