News

Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.

Business Diary: New strawbs please

Asda is first in the queue for Wimbledon PR stunts, with tennis fans arriving at the tournament given free strawberries to sample. The supermarket points out that the fruit on its shelves retails at less than a fifth of the (traditionally exorbitant) prices at the tournament for a small punnet and a dollop of cream. You might have thought the largely well-heeled tennis fans pouring into SW19 would be customers of Waitrose or M&S – but that didn't stop them snaffling the freebies in record time. There were none left by the time Diary arrived.

EMI's chairman steps down as part of wider strategy revamp

EMI, the debt-laden music group, yesterday surprised the market with a shake up of its board just a week after it received a £105m bailout from its private equity owner that saved it from falling under the control of its bank.

The business on...Guy Hands, Founder, Terra Firma

Hello, Goodbye

Hello Guy Hands, the private equity investor, who founded Terra Firma in 2002 after a stellar career at Goldman Sachs and Nomura, where he made his fortune. And goodbye EMI, Terra Firma's most troublesome investment – if the private equity company doesn't come up with £105m by Monday, it will lose control of the music company, best known as the home of the Beatles.

The Week Ahead: Kingfisher weathers hard times to surprise market

Kingfisher, the home improvement retailer behind the B&Q chain, may surprise the market with news of better-than-feared quarterly trading this week.

Market Report: Housing stocks higher as markets mount recovery

The view that builders, as opposed to builders' merchants, were a better play on the housing recovery boosted the likes of Taylor Wimpey as the wider market firmed up last night.

Terra Firma in race for EMI investor backing

Private equity group Terra Firma was last night locked in talks with investors to secure the funds it needs to avoid losing control of its music label EMI this week.

Morrisons blames falling inflation as sales falter

Morrisons announced a dramatic slump in underlying sales growth for the first quarter of this year, blaming the slowdown on falling price inflation and weaker consumer spending.

Business diary: US business still in dark ages on climate change

Though President Obama is having some success persuading America that climate change is a real and present danger, he still has work to do with some US businessmen. CBS News has just unearthed this posting on Twitter from Don Blankenship, the chief executive of Massey Energy, one of America's biggest mining companies. "Believe me yet? Global warming is a hoax and a Ponzi scheme", says the enlightened Mr Blankenship.

Citigroup gets employee bonus plan through, as Pandit defies his critics

Chief executive Vikram Pandit said yesterday that Citigroup has proved its doubters wrong and is now "positioned for growth".

Citigroup back in the black with $4.4bn profit in first quarter

Bad-loan provisions at the Wall Street bank are now at their lowest level for more than two years

Intel raises its first-quarter profits to record highs

Intel Corporation, the US maker of computer chips, surprised the market as it almost quadrupled profits to record its best ever first- quarter financial performance.

Citigroup bosses under fire for role in credit meltdown

US inquiry says bank's senior members 'lost their grip' during financial crisis

Market Report: Man leads blue chips on AHL recovery hopes

News of a rise in assets values lured the bulls into the hedge fund group Man, which claimed pole position on the FTSE 100 last night.

US Treasury to offload $32bn Citigroup stake

The US government's $32bn stake in the banking giant Citigroup is back on the block and will be sold into the market over the course of this year, the Treasury Department declared yesterday.

Arts and Entertainment
Sydney and Melbourne are locked in a row over giant milk crates
art
News
Netherlands' goalkeeper Tim Krul fails to make a save from Costa Rica's midfielder Celso Borges during a penalty shoot-out in the quarter-final between Netherlands and Costa Rica during the 2014 FIFA World Cup
newsGoalkeepers suffer from 'gambler’s fallacy' during shoot-outs
News
A scene from the video shows students mock rioting
newsEnd-of-year leaver's YouTube film features playground gun massacre
Travel
travel
Voices
A family sit and enjoy a quiet train journey
voicesForcing us to overhear dull phone conversations is an offensive act
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i100This Instagram photo does not prove Russian army is in Ukraine
News
Kenny Ireland, pictured in 2010.
peopleActor, from House of Cards and Benidorm, was 68
News
Morrissey pictured in 2013
people
Sport
sportVan Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Environment
View from the Llanberis Track to the mountain lake Llyn
Du’r Arddu
environmentA large chunk of Mount Snowdon, in north Wales, is up for sale
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Day In a Page

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
Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover

The dining car makes a comeback

Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover
Gallery rage: How are institutions tackling the discomfort of overcrowding this summer?

Gallery rage

How are institutions tackling the discomfort of overcrowding this summer?
Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players

Eye on the prize

Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Women's rugby: Tamara Taylor adds fuel to the ire in quest to land World Cup

Women's rugby

Tamara Taylor adds fuel to the ire in quest to land World Cup
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices