News

Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Leading bankers warn that new rules will hit recovery

"Too tough" banking regulation will put a "drag on economic recovery" and cost upwards of 10 million jobs globally, the world's leading bankers have warned.

Frieze Art Fair 2010: Get ready for British art's biggest week

Frieze Art Fair is back – and it's bigger than ever, with 173 international galleries. Alice Jones looks forward to this year's event and the week-long whirl of auctions, exhibitions and parties it brings to London

$5,000,000,000,000: The cost each year of vanishing rainforest

British researchers set out the economic impact of species destruction - and their findings are changing world's approach to global warming

PotashCorp goes to court in bid to block BHP buyout

PotashCorp of Saskatchewan, the world's biggest fertiliser company, went to the courts in the US yesterday to fend off BHP Billiton's $38.5bn (£24.6bn) takeover bid, accusing the Anglo-Australian miner of giving "false and conflicting information about BHP's offer and PotashCorp's prospects and true value".

Lehman two years on: banks cheer Basel accord

But there are fears over some countries ignoring the rules. James Moore reports

Bank watchdogs agree Basel III capital overhaul

Regulators double reserve ratios to protect against collapses

Bank heads thrash out Basle III regulations

Top banking officials from 27 countries are locked in talks today in the Swiss town of Basle finalising new, tougher, global capital rules which could force banks to raise fresh equity.

Woods in defiant mood over Ryder Cup form as he returns to scene of past glories

Tiger Woods returned to one of his happy hunting grounds last night riding the momentum from one of the best weeks of a turbulent year into his title defence at the BMW Open.

Spotless Tiger revives his FedEx Cup hopes

These days Tiger Woods may be as well known for his birdies off the course as on it, but there was something a little bit special about the six he accumulated yesterday at the TPC Boston. For the first time in a season marked by personal and private blemishes, the world No 1's six beauties were not accompanied by a black mark.

How you can make bread from the soaring price of wheat

While doing your weekly shop you have probably noticed the price of bread going up – this is due, in part, to wheat soaring on the international exchanges as Russia, a major exporter, is wracked by its worst drought in a century.

Market Report: Traders look to the Fed for holiday season boost

Financial stocks dominated the blue-chip index on what one trader called a "pathetic day for the market" as the silly season continued to drag. The FTSE 100 ended the session 78.1 points higher at 5,410.5. Volumes were weak – less than 300 million shares had been traded halfway through the session – with all eyes on data due to be released on both sides of the Atlantic.

Market Report: Afren buoyed by hopes of African oil strikes

The market veered sharply lower last night, but Afren was broadly unchanged as traders bought in on hopes of upside gains.

BT gains from cost-cutting programme as first-quarter profits climb 17 per cent

BT lifted profits 17 per cent between April to June as its cost-cutting plan continued to pay off, in what the group's chief executive called an "acceptable" start to its financial year.

Market Report: Government axe weighs on Logica's shares

The fiscal squeeze was back on the agenda last night, with Logica failing to make any headway after a warning on the impact of public-sector cuts.

Hamish McRae: The subtle hand we must play on trade

It is not just about the BRICs. The Government is seeking to rebalance Britain's trading relations away from slow-growing Europe to the emerging economies, of which Brazil, Russia, India and China are the largest, and that makes obvious sense. But the other big emerging economies matter too. So it is especially welcome that the Prime Minister should stop off on his great team visit to India (Vince Cable and David Willetts arrived in Bangalore yesterday) and spend time in Turkey.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us