Money

In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.

Full moon: The algorithm regards a full moon as a bad omen. In Greek mythology, werewolves appeared shortly after the full moon

Superstitious can play the markets with dawn of 'triskaidekaphobic trading'

Choose stocks avoiding the number 13 and using rules based on cycles of the moon

Investors did not challenge banks in 2011

Fund managers failed to tackle high pay awards before 'shareholder spring', new research shows

Spain given an extra year by Brussels to slash deficit

Beleaguered Spain was handed a lifeline by the European Commission (EC) yesterday as the nation was given an extra year to slash its deficit.

Spain thrown lifeline by Brussels with extra year to cut deficit

Relief for Madrid as fears over banks see country's borrowing costs at their highest since it joined euro

Spain 'shuffling towards the abyss'

The prospect of a multibillion-euro bailout for Spain increased today as the country's borrowing costs edged up on fears over its beleaguered banking sector.

Hedge fund manager who lied about losses fined £3m

A hedge fund manager accused by the Financial Services Authority of lying to investors about "catastrophic losses" has been fined a record £3m by the watchdog.

Hedge fund 'liar' Alberto Micalizzi fined record £3m and banned

A London hedge fund manager accused by the Financial Services Authority of lying to investors about "catastrophic losses" has been fined a record £3m by the watchdog.

Lying hedge fund boss Alberto Micalizzi fined £3m

A hedge fund boss who is accused of covering up losses of 390 million US dollars (£250 million) was facing a record £3 million fine from the City watchdog today.

Doubts arise over Madrid's ability to prop up its banks

Spain seemed to be moving closer to an official bailout yesterday as the country's borrowing costs soared and doubts over the ability of the Madrid government to prop up its ravaged banking sector multiplied.

Spain moves closer to bailout as borrowing costs hit new records

Fears mount over Madrid's ability to shore up its banking sector

Markets cautious over Spain fears

European markets remained in a fragile mood today with the euro dropping to near 11-month lows on concerns about Spain's ailing banking sector following the announcement of bailout plans for troubled lender Bankia.

Warm weather stifled sales at House of Fraser

House of Fraser has blamed warm weather, the consumer downturn and costs associated with opening a new distribution centre for a sharp fall in its profits last year.

World Champion Sebastien Vettel

Investment groups rev up Formula One float

Formula One's share flotation rolled on to the starting grid yesterday as venture capitalist CVC sold a $1.6bn (£1bn) stake in the business to three investment groups including BlackRock.

Conservative Party co-treasurer Peter Cruddas

Diary: What price to dine with the Prime Minister?

Donations of £250,000 a year will buy you dinner with David Cameron, the Conservative Party co-treasurer Peter Cruddas told undercover reporters in March. He had to resign as soon as his words – which Mr Cameron described as "completely unacceptable" – appeared in The Sunday Times.

Barclays to sell $6bn stake in US fund manager

Barclays is to sell its entire $6.1bn (£3.8bn) stake in the US fund manager BlackRock, which it has held for almost three years since selling Barclays Global Investors (BGI) to the Americans.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable