Apple boss Tim Cook defends its tax strategy at a Senate hearing, after the tech giant is accused of being among America's largest tax avoiders.

The FTSE 100 rises again, but shares in cruise operator Carnival drop sharply after it warns of falling revenues.

JP Morgan chairman and chief executive Jamie Dimon will be allowed to keep both jobs after investors voted in his favour at the bank's annual meeting.

CEO Tim Cook has spoken out in defence of Apple, after a Senate committee accused the company of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.

Manchester City have announced a partnership with baseball's New York Yankees to form a new Major League Soccer franchise.