News

My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.

Jeffrey Archer: An unlikely cartoon hero

Jeffrey Archer, who has been the subject of plenty of political send-ups himself, tells Charlotte Cripps why he wants to give his collection to the nation

David Prosser: Standard & Poor's is still feeling the heat

Outlook There is confusion over exactly what the Securities and Exchange Commission is investigating in relation to the downgrading of the US by credit ratings agency Standard & Poor's (and no one will say on the record). Some reportssuggest the SEC is conducting an insider dealing inquiry. Others think the regulator is looking into the decision itself.

France battles rumours of credit-rating downgrade

The Standard & Poor's credit rating agency said it saw no reason to downgrade sovereign debt as France had a clear policy to reduce its budget deficit

So are equities beginning to look cheap?

No sector has been immune from the savage sell-offs on the FTSE 100 of recent days. Supermarkets, miners, drug companies – every company has been caught in the crossfire as screens across City's dealing rooms angrily flashed red.

Greece bans short sales for third time

Short-selling will be banned on the Athens stock exchange for two months from today, Greece's financial regulator said in an effort to stem a stockmarket slump last night.

David Prosser: It is bond investors' verdict on S&P that really matters

Outlook: David Beers, the boss of Standard & Poor's, is surviving the mud-slinging. His assertion yesterday that there is a one in three chance of a further downgrade of the US's credit rating was not the statement of a man rattled by the attempts to ridicule his work, which have been continuous since Friday night's shock.

S&P comes out swinging as Obama disputes downgrade

The Obama administration and the rating agency Standard & Poor's escalated their war of words over the downgrade of US government debt yesterday, as the White House sought to deflect blame for the loss of the country's AAA credit rating.

S&P's powerful chief steps out of the shadows

Some time last Friday night, someone created a Wikipedia page for David T Beers. Overdue, you might think.

S&P fights to save reputation as markets hold their breath

White House attacks $2 trillion 'error' of credit rating agency after US downgrade

Markets braced for mayhem as US credit downgraded for first time

China and Russia with trillions of US debt react furiously to the news that America had lost its AAA credit rating

China slams US 'debt addiction'

China's state-run news agency says America's 'debt-addiction' is threatening the world economy and that Washington must slash its defence and social welfare spending.

US credit rating downgrade fuels crisis

The United States was reeling today after Standard & Poor's lowered the nation's AAA credit rating for the first time since granting it in 1917.

United States loses AAA credit rating from S&P

Credit rating agency Standard & Poor's said today it had downgraded the United States' credit rating for the first time in the history of the ratings.

US gets debt boost, but economic woes grow

As the US finally sealed its debt-ceiling deal and received the blessing of a major credit-rating agency, any hope of a relief rally in financial markets was snuffed out.

Career Services

Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas