Railway workers on the tracks outside King's Cross, London

Mark Leftly: If we're to boost rail industry exports, Britain must ditch its underdog attitude

Westminster Outlook The rail sector is, at £9.3bn a year and 212,000 jobs, a surprisingly large chunk of the UK economy, and the industry’s political and business influence is only set to grow with the country’s biggest revamp of major lines and stations in more than a century.

James Moore: Some straight-talking sense from Davos

Outlook Earlier this week I highlighted how, despite constant whining, Britain’s financial services industry is doing rather well under the new, sterner, regulatory regime imposed since the financial crisis. The same is true globally.

James Moore: Ministers make life harder for freelancers

Outlook Some good news for the Chancellor: unemployment has fallen again, to a six-year low. Moreover, the proportion of the part-timers who would like to be employed full time is also falling, to 16.2 per cent in the three months to November, down from 18 per cent  a year ago.

'I’m much more inclined to feel sympathy for a family sandwich shop than I am a 900-strong pub chain'

James Moore: Don't shed too many tears for Tim Martin and JD Wetherspoon

Outlook Faced with disappointing sales figures, JD Wetherspoon indulged in a Wednesday whinge. First, the chairman and founder of the business, Tim Martin, is furious about the supermarkets and their loss-leading booze promotions. Of course, that one has been doing the rounds for a long time. It’s trotted out whenever pub chains find trading tough.

It is the 'unknown unknowns' to use Donald Rumsfeld's famous expression that bite investors on the backside

Hamish McRae: Forget the known unknowns - unknown unknowns are the worry

Economic View: When you make money you are clever; when you lose it, it is someone else's fault

Simon Read: Teaser rates should just be banned

The City watchdog has missed a chance to give the savings market the shake-up it needs. It has simply told us what we knew already: that banks and building societies have been ripping us off for years by tricking us into ultra-low-paying savings accounts. But the biggest con is introductory rates that attract savers with market-leading offers and then leave them languishing on pathetic interest.

James Moore: Co-op needs to stop talking and take action

Outlook The Scene: we’re in the boardroom of Big Evil Fracking plc. The directors have just finished a meal of veal cutlets, foie gras and chocolate ice-cream, topped with flakes of gold. They are now getting down to business. The next item on the agenda? Financing. “Hey, want to hear a good joke,” says a fat, bald, white bloke with a gold watch dangling from a chain? “The Co-op Bank says it won’t lend to fracking companies any more.”

The reality is that the Tesco Titanic was pointed in the direction of the iceberg by Sir Tel, but his successor did precious little to stop it

James Moore: It's time to hear from the rest of Tesco's top brass

Outlook The City might be buying into the bright future for Tesco, as I highlighted yesterday. But the grocer still has a myriad of issues hanging over it as Panorama’s feature on the chain demonstrated. It was more entertainment than exposé, but isn’t it fun when two former executives who sat around the boardroom table together and palled around start taking shots at each other?

Satyajit Das: We need economic risk-taking, not financial risk-taking

Das Capital: Few of the problems that led to the great recession of 2008 have been resolved

Growth makes the rich richer - but then it also makes all of us richer

Redistributive action can help at the margin, but it won't fix the problem without growth

Tesco juggernaut is still in the slow lane

Outlook: There have been signs that the chain’s relentless decline is moderating

The Oxfam challenge for the Davos brigade

Outlook: The OECD’s work on corporate tax avoidance has proceeded at a faster rate than many expected

The CBI has demonstrated that the key financial services sector is taking full advantage of the benign environment

Tighter regulation hasn’t strangled the City after all

Outlook: Austerity is cutting into key services and having a lasting impact on the quality of life in many areas

Americans queuing for meals during the Depression, when falling prices caused massive problems (Library of Congress; The Crowley Company)

David Blanchflower: We should fear deflation – not welcome it

If very low inflation is such a good thing, why does the Bank of England have a 2 per cent target?

Jamie Dimon told analysts and reporters last week that banks were “under assault” by regulators – which he considers unpatriotic

Jamie Dimon becomes Whinger of Wall Street

Global Outlook

News
Germany and Greece succeeded in agreeing on a breakthrough of a four-month bailout extension
Greece fundamentally suffers from lack of revenue, says Satyajit Das
New Articles
Warren Buffett is the exception - fund managers must be monitored
It might be time to divert some watchdog resources towards the fund-management industry, says James Moore
News
Nemtsov in 2012; he was, said Britain’s former ambassador to Russia, ‘charismatic, determined, and, finally, brave’
Britain must toughen up on money laundering and corruption in the spirit of Nemtsov, says Jim Armitage
News
The rise in net migration was among the items of bad news for the Government
Despite what Governor Mark Carney has claimed the Bank of England does not have the tools to make it go away, says David Blanchflower
News
MPs will publish recommendations aimed at improving small business productivity this week
David Prosser: Small businesses hold the key to raising Britain's productivity
News
The venture dug a hole for itself when it sought to raise funds for its Russian goldmines
Petropavlovsk's shareholders yesterday voted to wipe out the value of their investment. Jim Armitage reports on how the shine came off the company
News
David Potts started out as a Saturday boy in Tesco
After a vertiginous rise through the ranks of rival Tesco, David Potts was yesterday named boss of Morrisons. So are his former employers in his sights? Simon Neville finds out
News
Six banks were fined, including Royal Bank of Scotland (RBS), for trying to manipulate foreign-currency prices are a stark reminder of the need for sweeping changes
Video: Oscar Williams-Grut provides a run-down of the day's major news from the City
News
The HSBC tax evasion files are just the tip of a probable mountain of tax avoidance hidden in tax havens around the world
The department has spent several years investigating HSBC’s Swiss unit and how it allegedly helped US citizens evade taxes, writes James Moore
News
Residential houses
Markets at the turn of the millennium were overpriced - it was the height of the dotcom boom, says Hamish McRae
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My life as a Jew in wartime Berlin
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Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn