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.

News
The surrealist comedian at the Q Awards in 2010
people
News
Russell Brand arriving for the book launch in East London
peopleRussell Brand cancels his book launch debate due to concerns about the make-up of the panel
Sport
Christiano Ronaldo enjoys his opening goal
champions leagueLiverpool 0 Real Madrid 3: Ronaldo and Benzema run Reds ragged to avenge thrashing from their last visit to Anfield
Arts and Entertainment
Sir Nicholas Serota has been a feature in the Power 100 top ten since its 2002 launch
art
Arts and Entertainment
Awesome foursome: Sam Smith shows off his awards
music22-year-old confirms he is 2014’s breakout British music success
Life and Style
Six of the 76 Goats' cheese samples contained a significant amount of sheep's cheese
food + drink
Arts and Entertainment
Contestants during this summer's Celebrity Big Brother grand finale
tvBroadcaster attempts to change its image following sale to American media group
Extras
indybest
Arts and Entertainment
Sarah Dales attempts to sell British Breeze in the luxury scent task
tvReview: 'Apprentice' candidate on the verge of tears as they were ejected from the boardroom
News
Call me Superman: one of many unusual names chosen by Chinese students
newsChinese state TV offers advice for citizens picking a Western moniker
Career Services

Day In a Page

Independent Travel
Vietnam & Cambodia
Pompeii, Capri & the Bay of Naples
Bruges
India & Nepal
Japan
Berlin, Dresden, Meissen & Colditz
Prices correct as of 17 October 2014
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker
Renée Zellweger's real crime has been to age in an industry that prizes women's youth over humanity

'Renée Zellweger's real crime was to age'

The actress's altered appearance raised eyebrows at Elle's Women in Hollywood awards on Monday
From Cinderella to The Jungle Book, Disney plans live-action remakes of animated classics

Disney plans live-action remakes of animated classics

From Cinderella to The Jungle Book, Patrick Grafton-Green wonders if they can ever recapture the old magic
Thousands of teenagers to visit battlefields of the First World War in new Government scheme

Pupils to visit First World War battlefields

A new Government scheme aims to bring the the horrors of the conflict to life over the next five years
The 10 best smartphone accessories

Make the most of your mobile: 10 best smartphone accessories

Try these add-ons for everything from secret charging to making sure you never lose your keys again
Mario Balotelli substituted at half-time against Real Madrid: Was this shirt swapping the real reason?

Liverpool v Real Madrid

Mario Balotelli substituted at half-time. Was shirt swapping the real reason?
West Indies tour of India: Hurricane set to sweep Windies into the shadows

Hurricane set to sweep Windies into the shadows

Decision to pull out of India tour leaves the WICB fighting for its existence with an off-field storm building
Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?