New rules governing transatlantic data transfers have been formally approved, months after Europe’s top court ruled against the previous arrangements amid concerns over surveillance activity by US intelligence agencies.

China has resumed work on a set of banking cyber security regulations it suspended earlier this year, reviving a potential source of friction with the US weeks before Xi Jinping makes his first trip to Washington as China’s president, sources said.

US Presidential candidate Barack Obama announced that he will help pay off former rival Hillary Rodham Clinton's election debt.