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
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
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