The government should not support the building of a third runway at Heathrow until a number of environmental conditions can be met, MPs have said.
Manchester City's parent company has been valued at $3bn (�2bn) after selling a 13% stake, worth �265m, to a consortium of Chinese investors.
... * China's yuan to join IMF's Special Drawing Rights basket. * Yuan to enter in October 2016 with 10.92 pct share. * IMF's Lagarde, China central bank say reforms to continue.
Aftermath of explosions in Tianjin, China. Zurich lost $275m in the disaster, in which 173 people died. Photograph: Wu Hong/EPA. Sean Farrell.
... * China PMI hits three-year low, but private surveys offer respite. * Euro bounces off 7 1/2-month low, bond yields rise. * Yuan steady after IMF adds it to currency basket as expected.