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As global co-operation wilts, the twins must adapt to new realities

World’s richest sporting contest chases higher media and commercial revenues

US interest rate cuts spur reassessment of asset class and bolster its allure

Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraints

Sales stutter at LVMH brand run by Bernard Arnault’s daughter Delphine as luxury downturn deepens

Anger in ruling coalition as first group of migrants sent to processing centres ordered to be returned to Italy

Republican candidate says Fox News should not run negative ads about him before November 5 vote

The gradual shift away from reliance on a single industry has helped the self-styled “energy capital of the world” take the top spot in the FT-Nikkei ranking of best US cities for foreign investment

Budget move on individual income could raise £7bn a year towards plugging £40bn fiscal shortfall

City fund manager Helena Morrissey and chief executive Angelos Frangopoulos also awarded extra stock