Accountancy firm Deloitte is facing a record fine over significant misconduct after pocketing £30m for advising “Phoenix Four” on their ill-fated attempt to resurrect MG Rover, The Times reported.

JPMorgan Chase is expected to announce a settlement with the Federal Energy Regulatory Commission as early as Tuesday after being charged with rigging power markets in California and the Midwest, the Financial Times said.

A top Saudi business leader has warned that Saudi Arabia and the Opec oil states must wean their economies off energy exports immediately or spiral into decline as America’s shale revolution shatters the world order, The Telegraph revealed.

Apple has come under fire over claims they exploited more than 70,000 Chinese factory workers in conditions described as even worse than those at Foxconn, the supplier hit by employee suicides and accusations of excessive working hours, The Guardian unveiled.

Professor Sir George Bain has said the value of minimum wage has fallen because it hasn’t kept pace with inflation, according to The Independent.