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.

Argentina on the brink as US court orders it to pay $1.3bn debt to 'vulture' funds

Decision pushes country close to default again but President vows not to cough up the cash

RUSSIA TIME: Employees work at computer screens at the RTS Stock Exchange in Moscow.

Russian traders lose to cows as winter crimps Moscow market

Russian Prime Minister Dmitry Medvedev's efforts to give his citizens a better night's sleep and ease stress for the nation's farm animals are undermining his push to make Moscow a global financial centre.

Simon Read: As cash pours in, worries about safe haven grow

There's been an investor flight to safety in the past year with corporate bond funds in particular seen as a steady home for institutional and retail investors uncomfortable with some of the wild fluctuations we've experienced in equity markets.

James Moore: Savers should be careful before they start a bond journey with Eddie Stobart

Outlook So now along with the advent calendar, cut-out clock and toy lorry you can get an Eddie Stobart bond paying 5.5 per cent! That'll go down well in the haulier's souvenir shop. The launch of said bond, aimed directly at retail investors, is serendipitous: it came on the same day inflation figures provided a nasty shock with the consumer prices index at an unexpectedly high 2.7 per cent.

Bank declines to turn on monetary taps

The Bank of England declined to pump more stimulus into the economy yesterday, despite signs that the GDP bounce registered in the third quarter of the year is fading.

Punch Taverns set to cut £2bn debt

The British pub industry is still in decline, the boss of the 4,500-strong Punch Taverns chain declared yesterday.

Anthony Hilton: How doing a good deed can add up to good business too

On Thursday I shared a stage with Sir Ronald Cohen, a man with a mission.

ECB leaves key interest rate at 0.75%

The European Central Bank has left its key interest rate unchanged at a record low of 0.75 per cent.

Spain to release bank audits after austerity cuts

Spain is set to reveal how much trouble its banking system is in when it releases the results of audits of 14 lenders today.

Credit Suisse trader bailed on £1.8bn fraud charges

The former senior Credit Suisse trader who was this week arrested in London on fraud charges was granted bail in court yesterday, with his lawyer saying he would fight plans for his extradition to the US.

Gold coins are still a safe haven, but they are unlikely to offer great returns at present

A chance to buy into markets cheaply

With equities at historic lows they may offer more than gold and bonds

Mervyn King claims QE has boosted the economy by 2 per cent

Bank's stimulus plan 'has lined pockets of the rich'

Report shows wealthy do 240 times better out of QE than the poor

Simon English: It doesn't really have to be the end of the world

Outlook From Reuters: "Germany easily sold €4bn of new, interest-free, two-year bonds on Wednesday, with investors edgy about European Central Bank plans to curb the debt crisis... Germany sold bonds with a zero coupon – meaning it pays no interest to the holder – for the second time this year, reflecting a fall in its borrowing costs to historic lows..."

A view of Old Trafford

American billionaire George Soros buys stake in Manchester United

Crashing out of Europe can mean very different things to different people. Manchester United's early exit last year from the Champions League spelled a big hit to revenue and pride. George Soros, in contrast, made his name, and perhaps a billion pounds, when his Quantum fund bet that Britain would have to leave the European Exchange-Rate Mechanism in 1992. The octogenarian financier has now turned his attention to the Premier League giants. That could help lift investor sentiment about the recently floated Red Devils.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home