Tom Stevenson

Tom Stevenson is a North Africa reporter for Al Jazeera

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The EU is supporting a brutal military occupation in Western Sahara

We cannot tolerate this cruelty and injustice

Great Financial Disasters of Our Time: The Hoover Fiasco

IT SHOULD have been the marketing coup of 1992: the most audacious buy-one-get-two-free offer ever made. Michael Gilbey and Brian Webb, two ambitious marketing executives in Hoover's Merthyr Tydfil factory, believed their free flights brainchild would make their careers.

Green Budget: Economic forecast - Bullish growth forecast heightens rat e fears

The Chancellor illustrated his call for pay restraint yesterday by unexpectedly forecasting different growth rates for the economy next year. He said if salaries were bid up as they had been in the past, gross domestic product might grow by 2.25 per cent next year. With "wage responsibility", however, that growth rate might rise to 2.75 per cent.

OFT refers rights issue underwriting to MMC

The Office of Fair Trading dealt the City a severe blow yesterday after it referred the underwriting of rights issues to the Monopolies and Mergers Commission. Tom Stevenson, Financial Editor, reports on the latest move in a long- running battle between the OFT and the investing institutions.

Merrill snaps up MAM in unexpected pounds 3.1bn deal

The revolution in global financial markets took an unexpected step yesterday as Merrill Lynch agreed a pounds 3.1bn takeover of Britain's biggest fund manager, Mercury Asset Management.

The Queen of gold-rush City

The City of London looked its brash "loadsamoney" self again yesterday, after an unexpected takeover bid by an American bank handed three money managers riches beyond the dreams of avarice. Tom Stevenson watched the new money rolling in.

Investment Column: Sterling dents British Steel

British Steel is the ultimate cyclical stock, riding the twin roller-coasters of the economic cycle and the foreign exchange markets. The gyrations it experiences as a result have made the company a dismal long-term investment but a great opportunity for anyone who fancies they have a short-term economic or financial crystal ball.

Investment Column: Emap could hit problems

Its been a bit quieter at Emap since its recent boardroom spat, but things have been bubbling away in the background, as yesterday's pounds 85m acquisition of Macmillan Magazines' health services division indicated. Through the deal, Emap has inherited six well-known trade titles, including Nursing Times and Health Services Journal, and analysts are confident that Emap will be able to make cost-savings of up to pounds 1m on the business, which made operating profits of pounds 8.4m last year.

Investment Column: Cash pile is key factor at Unigate

Unigate has been a good investment over the past three years as shareholders have focused more on the steadily growing fresh foods side of the business and less on the slowly declining milk arm. Although the balance of those two has resulted in only gradually improving profits, the re-rating of the shares over the past three years has seen them double in value to yesterday's 600p, up 5p.

Standard Life set to take on banks with phone account

The competition for bank customers will intensify next year when Standard Life launches a telephone-based account to rival those offered by the high street banks, other insurers and new entrants like the supermarkets and Virgin. Tom Stevenson, Financial Editor, reports.

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice