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.

Xstrata concedes over pay in bid to save £57bn merger

Xstrata has bowed to pressure from angry shareholders over its proposed mining-commodities mega-merger with Glencore, significantly changing controversial plans to pay key executives £170m just to keep them at the combined group if the deal goes through.

Simon English: What would you pay for slightly used commodities giant Glencore?

Outlook Last May the commodities trading giant and all around company-of-the-future Glencore came to the stock market, turning a private concern into a public company owned by our pension funds and other supposedly savvy investors.

Xstrata out to salvage £57bn merger with concessions on bosses' pay

Xstrata has bowed to pressure from angry shareholders over its proposed mining-commodities mega-merger with Glencore and significantly changed controversial plans to pay key executives £170m just to keep them at the combined group if the deal goes through.

Trio guilty of £12m con

Three men have been found guilty of conning a Christian philanthropist out of £12 million.

Shareholders await prospectus for Glencore-Xstrata merger

The prospectus outlining the creation of a £50bn-plus commodities empire will be sent to shareholders of the two FTSE-100 group's involved this week.

Rebecca Tyrrel: 'Keira Knightley could do for Imelda Marcos what Meryl Streep did for Mrs Thatcher'

Who knew that if Keira Knightley 'adores' a pair of shoes she sees in a shop, she will buy them whether they are available in her size or not?

Banks' bonanza in MegaFon float

The investment banks Goldman Sachs and Morgan Stanley could be on for a bumper pay day after being selected to float Russia's second-largest mobile phone company on the London stock market.

The company said it will open 25 new stores in 2012, creating jobs including butchery, bakery and fishmongery posts

Morrisons reports sales decline

Supermarket group Morrisons posted its first decline in sales in nearly a decade today after it refused to square up to rivals with promotions "at any cost".

James Cameron explored another frontier in a dive to the Pacific's depths

From the depths to the heavens: star director sets out to mine asteroids

After his journey to the bottom of the sea, James Cameron has a new far-flung idea

Deripaska upbeat on London arbitration case

Oleg Deripaska, the billionaire chief executive of the Russian aluminium giant Rusal, appeared to dismiss the prospect of arch-rival Viktor Vekselberg besting him in an arbitration case heading for London yesterday.

Goldman bonus pool shrinks, but no layoffs

Staff at Goldman Sachs have been put on notice to expect more cuts to their bonuses this year, after the bank slashed payments to its bonus pool in the first three months of 2012.

Market Report: 'Glenstrata' partners slip amid tie-up uncertainties

The merger may have hit a mini speed bump, but many in the City are still enthusiastic over "Glenstrata". Yet, while investors were being told yesterday that they will have to wait an extra month before getting documents relating to theproposed tie-up between Glencore and Xstrata, speculation was doing therounds suggesting that the former may have to alter its approach in order to seal the deal.

Two years on, Anglo finally poised to sell Scaw Metals arm

Metals companies are in talks with black empowerment groups over teaming up to bid for the South African steel manufacturing assets of mining giant Anglo American.

Ration Books: Pupils at a school in a Nairobi slum eat a meal provided by the World Food Programme

The real hunger games: How banks gamble on food prices – and the poor lose out

In the last decade, financiers have speculated billions of pounds in food, helping to make prices dearer and more volatile

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Pompeii, Capri & the Bay of Naples
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