Business & Financial News, U.S & International Breaking News

The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world.

Stena Impero, the British-flagged tanker detained by Iran on July 19, will be released soon, an Iranian maritime official said on Sunday, according to the semi-official Fars news agency.

Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.

Canadian Prime Minister Justin Trudeau went on the offensive on Sunday, promising to cut middle-class taxes and slash cellphone costs if re-elected after polls showed he took a significant hit when photos emerged last week of him in blackface.

Asian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as "productive" and "constructive", while oil gained more than 1% as Middle East tensions remained elevated.

Israel's Arab-dominated Joint List party moved on Sunday to back the center-left bloc of Benny Gantz, who is challenging Prime Minister Benjamin Netanyahu's right-wing alliance, to form a new government.