The EU rebuffs Prime Minister Boris Johnson’s demand that it reopen the Brexit divorce deal, saying Britain has failed to propose any realistic alternative to an agreed insurance policy for the Irish border.

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President Donald Trump has confirmed he is considering a new, temporary payroll tax cut to help boost the US economy.

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The online fashion retailer Asos has asked its suppliers for a 3% discount on the clothes and accessories it buys from them, as the company struggles to repair its finances after issuing two profit warnings.

Its second profits downgrade last month was blamed on IT problems at its overseas warehouses.