London

JP Morgan revealed that the losses stemming from the Chief Investment Office's Bruno Iksil stand at $5.8bn and was due to systematic failures in risk management, models, monitoring and escalation.

London 2012 will not provide a long-term boost to the UK economy, according to a Reuters poll of economists, as the country searches for a way out of recession and towards a recovery.

Former England captain John Terry cleared of racially abusing Queens Park Rangers defender Anton Ferdinand.

The McLaren F1 team has a lot to do to catch championship rivals Ferrari and Red Bull after yet another disappointing race led to criticism from drivers Lewis Hamilton and Jenson Button and former driver David Coulthard

VirtualBagel shows up holes in Facebook advertising as it attracts a lot of fake user 'Likes'

Samsung is expected to unveil the Galaxy Note 2 at an Unpacked event on 30 August.

Streaming live video of the London 2012 Olympic Games will cause business internet connections and email to grind to a halt.

Tottenham Hotspur have reached an agreement with Manchester City for the transfer of striker Emmanuel Adebayor.

Inquest opens into billionaire's addict wife found dead on floor of Chelsea mansion.

BMJ study looks into risks for those sufferers who opt for conserving surgery, rather than a mastectomy.

Black Salute talks about the 1968 Olympics in Mexico City where two black Americans gave a "black salute" to the 2,000-odd crowd, protesting against discrimination of black people.

JP Morgan reports Q2 company earnings, and reveals $4.4bn loss after Chief Investment Office's Bruno Iksil made one of the largest legal trading losses in history. Investor call to follow soon.

British victims of Chamonix avalanche that killed nine named by Foreign Office.

Tough-talking John Mann, the Labour MP who sits on Andrew Tyrie's Treasury committee and labelled Bob Diamond 'incompetent', hits out after being left off banking inquiry panel.

David Beckham has admitted to being disappointed at not being able to participate in Team GB's London Olympic berth, but the star has wished former Manchester United teammate Ryan Giggs all the best as the side look to go for Gold.

The global business environment these days has been woven in a more complicated interdependency that some volatility from China could jolt or immobilise the stock markets to as far as Sydney, New York and London.

London, Scarborough and Salisbury are the top three areas at risk of UFO visits, claims research tied into the videogame Inversion.

The Luka Modric exit-saga continues, with the Tottenham playmaker believed to be a target for big-spending French outfit Paris Saint Germain.

Tottenham Hotspur manager Andre Villas-Boas says Chelsea owner Roman Abramovich broke promises during his managerial reign at Stamford Bridge.

O2 says that its mobile network has been fully restored after a blackout saw millions of customers without service for 24 hours.

Home secretary parries MPs' urgent questions on G4S security staff shortfall that has led to 3,500 troops being drafted in.

The Rolling Stones, the English rock band which went on stage for the first time at the Marquee Club in London’s Oxford Street on 12 July 1962, celebrates its 50th anniversary.

Arsenal scout Gilles Grimandi says the club's signing of Olivier Giroud was to cover the potential loss of Robin van Persie this summer.

Singer says Edwards 'messed with wrong woman' after rapper finally admits releasing smutty tape

Britain's Adam Gemili warmed-up for his Olympic debut in the grand manner by winning 100m gold at the World Junior Championships with a personal best time in Barcelona.

More troops are to be deployed because of concerns that private security firm G4S personnel may not be enough.

Update: Simon Nicholas Maxwell named as arrested man

First Chinese Olympic athletes arrive for 2012 games, and the majority will be staying in Leeds - including gold hopeful Sun Yang

Chelsea youngster Kevin De Bruyne says he is already feeling at home at Stamford Bridge, with the former Genk starlet bonding with Eden Hazard and Marko Marin as he gets ready for his first season with the Blues.

Rodley, already in jail for bank raid bid, faces fresh sentence for robbing 600 pensioners on stock market scam 'sucker list'