Militants fired more than 200 rockets into southern Israel from Gaza and drew retaliatory fire from Israeli jets after a botched Israeli intelligence mission resulted in the deaths of an Israeli soldier and several Palestinians. The eruption of violence on Monday threatened to escalate into a fiercer conflict and scupper... Read more

Drugmakers Takeda and Shire are set to pay almost $1bn in expenses and fees to advisers, an enormous payday for the banks and law firms working on Japan’s largest overseas corporate takeover. Bankers will earn as much as $648m for advising the two companies and helping finance Takeda’s £46bn... Read more

California utilities PG&E and Edison International were hit with heavy selling on Monday as concerns rose that deadly wildfires ravaging the state could cost them billions of dollars and implicate them in the cause of the biggest blaze. PG&E and Edison, which serve territories affected by separate wildfires in... Read more