FCA proposes payday loans rate cap
Plans for a cap on interest rates on payday loans from January 2015 are announced by UK regulator the Financial Conduct Authority. BBC News – Business
Craig Taylor
Hague quits as foreign secretary
Downing Street says William Hague is to stand down as foreign secretary, as part of a cabinet reshuffle which also sees Ken Clarke leave the cabinet. BBC News – UK
MEPs to approve Juncker nomination
MEPs are expected to approve the nomination of Jean-Claude Juncker as head of the European Commission, despite UK opposition. BBC News – Europe
Fifa partner surrenders in Brazil
Ray Whelan, the British boss of a World Cup hospitality firm, surrenders to a Brazilian judge amid a probe into alleged illegal ticket sales. BBC News – Latin America & Caribbean
Israel accepts Gaza truce proposal
Israel accepts Egypt’s proposal to end Gaza air strikes in return for militants stopping rocket fire, but Hamas’s armed wing calls it a “surrender”. BBC News – Middle East
US loses trade spat to China, India
The World Trade Organisation finds the United States violated trade rules when it imposed tariffs on a range of products from China and India, including solar panels. BBC News – US & Canada