News

Jail-sentenced billionaire Mehmet Karamehmet is being sued for almost $10m (£6.6m) in the High Court over loans issued to Maltese shipping company Blue Shipping.

Jupiter staff to share pounds 500m

THE 300 staff at Jupiter, the Knightsbridge-based fund manager, are to receive windfalls totalling pounds 500m in the next few days.

Ayling declares BA has turned the corner despite 80% profits slump

BRITISH AIRWAYS declared yesterday that it had started to turn the corner despite reporting a drop of more than 80 per cent in profits for the second quarter - traditionally its most profitable period of the year.

Architecture: A river city is reborn

A bold scheme masterminded by Norman Foster and Terry Farrell is to regenerate the once great, now sadly run-down city of Hull. By Nonie Niesewand

BA warns of job cuts as profits dive by 80%

BRITISH AIRWAYS yesterday warned of job cuts and refused to rule out the possibility of falling into loss this year for the first time since privatisation 12 years ago.

Duty-free dies and chaos takes its place

WITH duty-free due to be abolished in the European Union from midnight on Wednesday, ferry companies face a difficult week as customs officials work down to the wire to hammer out details of the new regime.

Commerzbank buys Credit Lyonnais stake

GERMANY'S COMMERZBANK yesterday said that its management board agreed to accept the French government's offer of a 4 per cent stake in the planned privatisation of Credit Lyonnais.

Commerzbank to take stake in CL

GERMANY'S COMMERZBANK yesterday said that its management board had agreed to accept the French government's offer of a 4 per cent stake in the planned privatisation of Credit Lyonnais. Martin Kohlhaussen, Commerzbank's chief executive, said the two banks planned to co-operate on operations in France, Germany and internationally, with the possibility of pulling CL into Commerzbank's existing network.

Ashcroft homes in on Smith Square

City People

Investment: Sharewatch

BUY

Focus: Sex sells, even in a deflating market

AN UNUSUAL crowd is sipping champagne on the 49th floor of the Commerzbank tower. Bankers in sober suits ogle the waitresses: leggy, under-dressed young things straight out of a men's magazine. In the middle of the melee , an elderly woman fixes her piercing blue eyes on the cameras, while the PR people work on the assembled journalists, each hack clutching a little gift package tied with a pink ribbon. "Share our sexy business," urges a poster at the entrance.

C&W to raise pounds 3.8bn on the back of One2One stake

CABLE & WIRELESS, the UK's second largest telecoms company, yesterday said it was raising pounds 3.8bn to give it extra financial muscle by effectively using its stake in One2One as collateral.
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Bill Kerr has died aged 92
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Life and Style
A picture taken on January 12, 2011 shows sex shops at the Paris district of Pigalle.
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Keira Knightley poses topless for a special September The Photographer's issue of Interview Magazine, out now
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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
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone