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

Apple shares suffered another sharp sell-off on Monday after two of its suppliers cut their earnings forecasts, in moves that investors interpreted as another sign of softening iPhone demand. The stock fell for a third straight session, dropping almost 5 per cent and dragging the wider technology sector down... Read more

Donald Trump, US president, on Monday called for election authorities in Florida to halt automatic recounts in the Senate and governor races, as he claimed, without providing evidence, that the contests were tainted by voter fraud. In the Senate race, Rick Scott, the Republican governor of Florida, leads Bill... Read more

General Electric feels “a sense of urgency” in selling assets to cuts its debts and strengthen its balance sheet, its chief executive has said. Larry Culp, who took over at the ailing company at the start of October, said in an interview with CNBC that the company had “plenty... Read more