Jeremy Warner: City bashing won't help public finances

Outlook Warren Buffett says his eyesight isn't so good these days, but even if it were fine, he doesn't think he'd be seeing too many green shoots. Even Lord Mandelson, unreconstructed optimist though he appears to be, sees no more than "green seedlings".

Jeremy Warner: BAA would struggle with third runway

Outlook: Brave of all those high-powered business leaders to come leaping out of the closet to confess they have always been against a third runway at Heathrow, isn't it? Once apon a time when there was still some possibility of the third runway getting built it might have looked dangerously risqué to have broken ranks with the rest of the business lobby in this way. Today it seems like little more than political opportunism.

Jeremy Warner: What now for the Monetary Policy Committee?

Outlook: The Bank of England's Monetary Policy Committee begins its regular two-day monthly meeting today. With no interest rate decision to take – rates are already so low they cannot sensibly be cut further – the MPC may find itself struggling to fill the time. But though the Committee may have been deprived of its usual decision-making purpose, there's certainly plenty to discuss.

Jeremy Warner: Fiat's marriage in heaven is triumph of hope over experience

Outlook: I'm sorry, but I just don't see it. Sergio Marchionne, chief executive of Fiat, is self-evidently an inspirational business leader with a superficially compelling vision for creating a global auto manufacturer of sufficient scale to survive and prosper.

Jeremy Warner: Informa swaps London for Zug in tax revolt

Outlook: Zug in central Switzerland, conveniently located within reach of some of the country's ritziest ski resorts, is no doubt a nice enough place for a visit. But is the publishing and events group Informa doing the right thing by relocating to this remote Swiss canton so as to avoid an estimated £10m a year in tax?

Jeremy Warner: What do we want to do with our banks?

Outlook: This week's Treasury committee report on the banking crisis reserves some of its more biting observations for UKFI, the supposedly independent organisation established to hold and manage the taxpayers' various investments in the banking industry.

Jeremy Warner: Hands off our hedge funds, protection for private equity

Outlook Once again, I find myself having to perform the unenviable task of defending the hedge fund and private equity industries. Populism nearly always makes for bad policy, and by pandering to the "locust" hating politicians of Paris and Berlin, the European Commission seems to be falling into just such a trap.

Jeremy Warner: Desperate and not so desperate rights issues

Outlook As a textbook example of the way the credit crunch has been hurting ordinary companies, they don't come more striking than DSG International, the former Dixons electricals retailing group. Debt has risen threefold in just five months, forcing the company into a distress rights issue and share placing.

Jeremy Warner: Steel giants struggle under a mountain of deal-induced debt

Outlook Sales down by a half, another $1bn-plus quarterly loss and a distress $3bn issue of new equity and convertibles to match. Anyone would think this another everyday tale of banking folk. In fact, it is the latest update from the steel giant ArcelorMittal. Unless it be banking, few industries are quite as cyclical as steel.

Jeremy Warner: BP and Shell struggle to keep up with Exxon

Outlook Should BP and Royal Dutch Shell redomicile and relist to the United States? The question is largely academic, for it is most unlikely to happen any time soon. Yet London-based oil chiefs sometimes look longingly across the pond at the apparently superior share-price performance of Exxon Mobil.

Jeremy Warner: Sorrell worries about fiscal threat to upturn

Outlook It's not this year that Sir Martin Sorrell, chief executive of the advertising giant WPP, worries about, or next. Rather it's what comes after when governments around the world are confronted by the brutal reality of what to do about the burgeoning fiscal deficits they are acquiring in trying to manage their way through the recession. Do they don the hair-shirt and attack the deficit in true Thatcherite style, or do they simply ignore it and hope that inflation eventually does the trick for them?

Jeremy Warner: BP's dividend looks safe enough

Outlook So far, so good. The bumper profits reported by oil companies for last year, fuelled as they were by the sky-high oil price, were plainly not going to last into these recessionary times, so there had been fears that even the mighty BP would succumb to the dividend-cutting trend set by the rest of corporate Britain, depriving investors of yet another once-trustworthy source of income in an increasingly income-scarce world. The evidence of yesterday's first-quarter figures is surprisingly reassuring; the payout may survive intact. Yet that's a big "may".

Jeremy Warner: No risk of default when inflation can do the job

Outlook I'm ever more puzzled by a note from Moody's last week suggesting that the British Government's triple-A credit rating may be in danger if after the next election firmer action than envisaged in the Budget isn't taken to bring down the fiscal deficit.

Jeremy Warner: That's just what we needed – a global pandemic

Outlook: Swine flu haunts an industry already rendered comatose by fuel costs and the economic downturn

Jeremy Warner: Even the boss is sceptical about GM's rescue plan

Outlook: If bondholders think they are getting a raw deal, what about existing equity holders?
News
Can you mix business with pleasure? Matt Gingell explores
News
The central banks have printed shed-loads of money and it has to go somewhere, but the 'fear index' is creeping up, writes Hamish McRae
News
Bailey has little experience of actually running a company - and there is a world of difference between being a “chief creative officer” and a chief executive- no doubt shareholders are unhappy
News
Andrew Miller’s £1.4m bonus reflected the sale of Auto Trader
As the owner of The Guardian overcomes the decline of print with strong digital revenues, its chief executive tells Gideon Spanier how it is adapting to the new age of publishing
News
The oil giant was overtaken by Wal-Mart as the world's biggest revenue earner, as Mark McSherry reports, 27 other UK firms made it to the Fortune Global 500 list of biggest companies
News
Never mind the lack of dialogue and pointless explosions. You'd be a fool to underestimate Michael Bay, because if there's one thing he knows, it's how to make money by heading east, says Maria Tadeo
News
Models present creations for fashion house Gucci as part of the spring/summer 2014 ready-to-wear collections
The US has a taste for European luxury goods, as Francois Henri Pinault tells Laura Chesters, and labels like Mulberry and Burberry are betting their shirts on it
News
Team Tinkoff Saxo during a training session in Leeds ahead of Saturday’s start of the Tour de France
Inspired by the Olympic and road-race success, Britain has fallen in love with cycling. Retailers and sponsors are forming their own peloton, but Jamie Dunkley asks: will the phenomenon ride and ride?
News
Mark Carney, Governor of the Bank of England
Earnings are 8% lower than before the financial crisis. This is an odd definition of ‘normal’, says Ben Chu
News
Some payday lender customers rack up debts with several firms
Consumer credit is certainly not disappearing any time soon- surely that makes it more vital than ever that senior people involved are questioned rigorously in public
News
Out in the big wide world Mothercare is doing well, but the UK operation has significant problems
Britain's new parents may shop elsewhere these days, but the nation's biggest babywear retailer is not desperate enough to accept a tax-dubious US bid, writes Simon Neville
News
GlaxoSmithKline Chinese headquarters

As a sex video smears the pharmaceutical giant's China boss, Jim Armitage reports on how its private investigator voiced concerns about new secrecy rules weeks before his arrest.

News
Benjamin Lawsky

Benjamin Lawsky has worked hard to earn his moniker, the man who makes the banks tremble, writes Jim Armitage

News
US President Barack Obama delivers a speech at the Palais des Beaux-Arts in Brussels
Business editor James Ashton shares his top stories of the week
News
Lionel Messi celebrates his second goal for Argentina
Argentina due to make its next interest repayment on bonds as default looms large
News
David Higgins, at the HS2 offices in Victoria, has a track record on delivering expensive, controversial projects
The chairman of HS2 wants to speed up its arrival in the North and tells Chris Blackhurst the public will get on board
News
An effigy of Justice Secretary Chris Grayling is held up by National Association of Probation Officers protestors outside the Houses of Parliament
Despite an overall cost of £8bn to reorganise the probation service, Mark Leftly reveals that the Justice Secretary Chris Grayling is determined to ignore the critics and push ahead with his plans
Voices
The Bank of England’s Monetary Policy Committee has zero evidence to support this idea, says David Blanchflower
News
Traders at work on the floor of the New York Stock Exchange
Governments need a long period of very low rates to correct the still-overstretched balance sheets, writes Hamish McRae
News
Wonga adverts feature puppet pensioners
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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
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?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

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Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

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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
Hollywood targets Asian audiences as US films enjoy record-breaking run at Chinese box office

Hollywood targets Asian audiences

The world's second biggest movie market is fast becoming the Hollywood studios' most crucial
Grindr founder Joel Simkhai: 'I've found love on my dating app - and my mum keeps trying to hook me up!'

Grindr founder Joel Simkhai: 'I've found love on my dating app'

Five years on from its launch and Grindr is the world's most popular dating app for gay men. Its founder Joel Simkhai answers his critics, describes his isolation as a child