BBC News
Toddler toy firm VTech could face an in-depth competition probe after merging with close competitor Leapfrog, regulators have said. The firms are two of the largest selling toddler learning toys in the UK, the Competition and Markets Authority said. The regulator is concerned about price rises and quality issues. VTech has until Wednesday to address the CMA's concerns, or...

NBC News
The dollar fell against a basket of currencies on Monday, undermined by recent soft U.S. economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also slipped against the yen, a trend that has been in place for much...

BBC News
Warmer weather and a weaker pound helped boost retail sales in July, according to official data. Retail sales grew by 5.9% compared with July 2015, the Office for National Statistics said. "Better weather this year could be a major factor, with sales of clothing and footwear doing particularly well," said Joe Grice of the ONS. He added that there...

BBC News
Profits for the Australian makers of Penfolds and Wolf Blas wines have more than doubled, boosted by growing thirst from younger Asian drinkers. Profits for Treasury Wine Estates (TWE) rose to A$179.4m (£106m). As economic growth has slowed in Asia, the company has aimed lower-priced bottles at millennial drinkers. This replaced its previous marketing focus which targeted...

BBC News
Tencent has overtaken its rival Alibaba to become China's most valuable tech firm after strong results. The operator of the WeChat messaging app is worth $249bn compared with $246bn for Alibaba. Tencent shares jumped by over 6% to a record high in Hong Kong after reporting strong quarterly earnings on Wednesday. The internet giant said profit rose by 47%...

BBC News
She has flipped, tumbled and leapt her way into the hearts of millions over the course of the Olympic games. But when Simone Biles returns home she will be in for not just a major celebration but also a hefty tax bill. The 19-year-old has won five Olympic medals - four gold and one bronze. She has cemented...

BBC News
A 32-year-old employee at software firm Sage has been arrested at Heathrow airport, police have said. City of London police said the woman was arrested on Wednesday in connection with a fraud investigation and has since been bailed. Earlier this week the software firm was the victim of a data breach, which may have compromised personal information for employees...

NBC News
U.S. nonfarm productivity unexpectedly fell in the second quarter, pointing to sustained weakness that could raise concerns about corporate profits and companies' ability to maintain their recent robust pace of hiring. The Labor Department said on Tuesday that productivity, which measures hourly output per worker, dropped at a 0.5 percent annual rate in the April-June period....

BBC News
Chinese authorities will limit the operations of North Korean airline Air Koryo, after a Beijing-bound flight made an emergency landing last month. The flight from Pyongyang had to land in the North-eastern Chinese city of Shenyang because of smoke in the cabin. No one was injured in the incident. China's Civil Aviation Administration announced "relevant measures to limit operations"...

BBC News
The world's biggest personal computer-maker, Lenovo, said first-quarter earnings rose 64% to $173m (£132m), beating market expectations. The Chinese firm said its PC business had delivered "strong profits" despite a slowdown in the overall market. However, revenue fell by 6% from a year earlier to $10.1bn in the three months to June. Lenovo attributed that to the "challenging" environment...

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