Twitter shares surge on user growth

Social networking service Twitter reports a second-quarter loss of $145m but better than expected user growth, sending shares surging over 35%.

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Japan output falls most since 2011

Japan\'s factory output falls 3.3% from May to June, the latest sign to highlight that the recent sales tax rise is affecting consumer demand.

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Kurdish oil tanker in US seizure

An oil tanker carrying $100m of Iraqi Kurdish oil off the coast of Texas is set to be seized by US marshals after a judge approved a seizure request from the Iraqi government.

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