Bloomberg Swiss economic momentum accelerated in the second quarter, exceeding that of the euro area and hitting its fastest pace since 2014. Gross domestic product rose 0.6 percent in the three months through June, after gaining a revised 0.3 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said on Tuesday. That jump, helped by …

  Bloomberg Volkswagen AG will buy a 16.6 percent stake in Navistar International Corp. for $256 million as part of a strategic alliance with the struggling US truckmaker to enter the North American market. VW will pay $15.76 per share for the stake, which is part of a collaboration that includes technology sharing and joint purchasing, Navistar said on Tuesday. …

Beirut / AFP Despite major setbacks including the loss of access to the Syria-Turkey border and the assassination of several top leaders, the IS group remains a potent force, analysts warn. The increasing pressure on IS, including Turkey’s decision to launch an operation against it in northern Syria, has seen the organisation lose ground at an unprecedented pace. But the extremist …