It is a funny time in Italy. On paper the country's economy has now shrunk for seven consecutive quarters, making it the longest recession since the Second World War, and leaving it some 8 per cent below the peak reached in 2007.

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Costs force Carlsberg to backtrack on targets

Carlsberg, the world’s fourth-largest brewer, today scrapped its medium-term profit margin targets, blaming unpredictable raw material and energy costs and increased investment in its supply chain.

Rents fall for third successive month

Meanwhile, the Office of Fair Trading uncovers problems in lettings market

Editorial: Gimmicks won't save our high streets

News of a major British high street retailer announcing thousands of job cuts or going into administration comes round with depressing regularity. Earlier this week, the fashion chain Republic took the latter course, following Blockbusters, HMV and Jessops into a place of no return.

Lobbyists' demands were 'copied into law by MEPs'

Sensitive personal information risks being left vulnerable to hoarding and misuse by banks, retailers and insurance companies due to three British MEPs accused of directly inserting major firms’ suggestions into EU laws, according to privacy campaigners warning of the most intense lobbying effort ever seen in the European Parliament.

Lamb meals should also be tested for adulteration

Meals made from lamb should also be tested for horse meat content amid concern that the adulteration scandal has spread beyond beef to other meats, it emerged.

French meat food industrial factory, working on the production chain of beef steaks. A Europe-wide food fraud scandal over horsemeat sold as beef deepened as Romania announced an inquiry into the origin of the meat and suspicions of criminal activity mounted

Tesco admits its Everyday Value Spaghetti Bolognese was more than 60% horsemeat

Revelations come amid concerns that luxury meals could be next to be hit by scandal

Consumer rights: Think before firing off a social media complaint

Reputation managers are protecting firms who are unfairly reviewed, so if you feel badly treated give companies a chance to put things right

Adverts target 'misery' of unlocked pensions

Regulators are to unveil measures this week to help combat the menace of pension unlocking.

Broadband battle as Virgin sells for £15bn

A new broadband battleground could be the result of the takeover of Virgin Media by the American giant Liberty Media. Analysts have already predicted that Liberty's boss, the mogul John Malone, will use the deal to take on his rival Rupert Murdoch.

Turnaround plan makes it sunnier for Thomas Cook

Thomas Cook showed tentative signs of recovery today after several months in the doldrums.

PPI mis-selling firms pocket £22m

Claims management firms last year pocketed £7.4m of the compensation awarded to victims of the PPI mis-selling scandal who turned to the Financial Services Compensation Scheme (FSCS) because the firm they dealt with has gone bust.

Australia levels ‘abuse of power’ claim at Visa

Visa, the world’s largest electronic payment network, is being sued by the Australian competition watchdog over alleged abuses of its power.

New energy switching website promises to keep users on cheapest deal by constantly monitoring their tariff

A new energy switching website which promises to keep users on the cheapest deal by constantly monitoring their tariff could finally shift the market in favour of consumers, its founder claims.

US adds 57,000 jobs in January but jobless rate rises to 7.9%

US employers added 157,000 jobs in January, and hiring was stronger at the end of last year than previously thought, providing reassurance that the job market held steady even as economic growth sputtered.

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From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

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Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

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Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

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Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in
The real thing? Historian publishes Coca Cola's 'secret formula'

The real thing?

Historian publishes Coca Cola's 'secret formula'
Gordon Ramsey's worst nightmare: A restaurant he cannot save

Gordon Ramsay's worst nightmare: A restaurant he cannot save

The pugnacious chef finally met a shambolic restaurant he couldn't save. John Walsh on when TV makover refuseniks fight back
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Glamorous myth of the flight attendant lifestyle undermined by angry employee's claims of 'exploitation'
Braising saddles: Did the recent furore scupper sales of horse meat? Neigh, far from it!

Braising saddles: How to cook horse meat

Did the recent furore scupper sales of horse meat? Neigh, far from it! Will Coldwell hoofs it to the kitchen.
Why bitters are back on the bar: A few little drops pack a big punch in cocktails

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A few little drops pack a big punch in cocktails. No wonder we're learning to love them again...