News The rise in the cost of groceries has contributed to the rise in people using food banks, such as this one in Poplar

The Government has been accused of protecting corporate profits at the expense of the world’s poorest people by trying to block European Union reforms to curb food speculation.

Aggreko wins Brazil World Cup power contract

Temporary power firm Aggreko — responsible for keeping the lights on and the cameras rolling at the last World Cup in South Africa and at the London 2012 Olympics — has been chosen by FIFA to perform the same duties across 12 different venues in Brazil.

Glencore claims long, boozy City lunches are no more

It's a tradition that has thrived in London's financial districts since Hogarth wielded his brush: the four-bottle business lunch.

Investment View: In search of an income? Here’s a steer through the dividend maze

As a general rule, companies try  hard not to impose dividend cuts

Miner Mick raises $1bn for next venture

Mick Davis, the founder and former chief executive of Xstrata, has raised $1bn (£619m) in the first stage of his plans to create yet another mining giant.

Canada stocks drop ahead of US Federal Reserve decision

Canada's main stock index was slightly lower on Wednesday, with investors unwilling to make big bets ahead of a US Federal Reserve announcement later in the day on whether it will start scaling back its stimulus program.

Satyajit Das: After the Ashes, Australia finds itself on a sticky economic wicket

Economics View: Despite recent falls, the ability to devalue the Australian dollar remains limited

Glencore Xstrata ups savings target to $2bn in cost-cutting blitz

Glencore Xstrata today told investors that the $46 billion deal (£29 billion) that created the commodities giant would result in at least four times the amount of savings than previously claimed.

Glencore digs itself deeper in at Lonmin

The coal miner-to-wheat trading giant Glencore Xstrata moved to take greater control of Lonmin yesterday, as the beleaguered platinum group continues to struggle with trade unions in South Africa.

Glencore tightens its grip on Lonmin

Coal miner-to-wheat trading giant Glencore Xstrata today moved to take greater control of Lonmin, as the beleaguered platinum group continues to struggle with trade unions in South Africa.

Panamanian workers stand on top of sacks of sugar inside a container aboard a North Korean-flagged ship at the Manzanillo International container terminal on the coast of Colon City, Panama

Cuban shipment headed to North Korea 'without a doubt' violated a UN arms embargo, says Panama

The Chong Chon Gang ship was sailing from Cuba through the Panama Canal when it was seized in July

Glencore hit for $8bn but boss takes $59m dividend

The newly forged iron ore-to-copper empire Glencore Xstrata was forced to slash the value of its assets by $8.5bn (£5.4bn) in the first set of results since the merger that created it.

The Business Matrix: Wednesday 7 August 2013

L&G upbeat over £15bn investment

The Business Matrix: Tuesday 6 August 2013

BT sports  Betfred deal

James Ashton: No wonder Tony Hayward doesn't want to stay on

Outlook Now his business is concentrated about as far from Britain as you can get, Tony Hayward is ideally placed to comment on our looming energy crisis. A manifesto published by the former BP boss the other day urged the Government not to turn its back on fossil fuels, to build our own nuclear power stations instead of hoping the French will do it for us and to slash subsidies for on and offshore windpower. Sounds easy.

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