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

Barclays passes up discount to fight Qatari funding fine

Barclays is continuing to fight the City watchdog’s attempt to fine it £50m over the Qatari fundraising that staved off a taxpayer-funded bailout during the financial crisis.

The Week Ahead: Petra still showing diamond potential

Today

Making money from finding shiny diamonds in the ground is as hard as the shiny gems as the miners try to find. Costs have to be tightly controlled for a miner to make a good profit. But analysts think Petra Diamonds has managed just that. So although earnings might be a little behind the same time last year when it reports its full year results today, Rob Broke, analyst at Westhouse, maintains his Add recommendation. He thinks the company’s “respectable cost control” has made it still an attractive stock. Numis expects its results to be in line with expectations and thinks the “diamond market remains firm.”

The Business Matrix: Friday 13 September 2013

Laundry business boosts Photo-Me

Josef Ackermann: The Zurich Insurance Group chairman quit last week

Swiss executive's suicide note singles out 'aggressive' boss

Finance chief with Zurich Insurance was unhappy with high-profile chairman who has since resigned

Josef Ackermann spoke of ‘shock’ at the suspected suicide of his colleague

Shock as Zurich Insurance head Josef Ackermann quits after finance director's death

Josef Ackermann, the chairman of Switzerland’s top-ranking Zurich Insurance Group and a former head of Deutsche Bank, has stepped down with immediate effect following the suspected suicide of the company’s chief financial officer.

Bank of England Governor Mark Carney called for the defence

Bank of England Governor Mark Carney will be forced to defend his flagship policy of ‘forward guidance’ this week as markets bet on a faster fall in unemployment than the central bank predicts.

Market Report: Investors ditch Afren over Lion sale

The price that African oil explorer Afren got for its Lion Gas plant failed to keep investors happy and they headed for the exit yesterday.

Slavery in the City: Death of 21-year-old intern Moritz Erhardt at Merrill Lynch sparks furore over long hours and macho culture at banks

Young German worked until 6am for three consecutive days before collapse at home in east London    

High hopes for first Glencore results

The new powerhouse of world mining, Glencore Xstrata, will unveil its first set of half-year results next week with analysts expecting bumper profits approaching $6bn (£3.8bn).

Carney gives first steer on UK economy

New Bank of England guidance policy could see interest rates held for foreseeable future

RP Martin pair in court to hear Libor charges

Two former RP Martin brokers appeared in court yesterday before a trial into the alleged manipulation of the London interbank offered rate.

Jim Armitage: Yell in frustration after the demise of Hibu

The demise of Yellow Pages (I refuse to use its awful new names) will be studied by MBA students for decades as a case study of corporate insanity. Few businesses have been so badly run for so many years.

Investors wait on BSkyB buyback decision

BSkyB investors will be eager to see whether the pay-TV giant announces another big share buyback or if it wants to conserve cash for its Premier League football war with BT.

Market Report: Improving news digs miners out of trouble

Miners managed to dig themselves out yesterday after weeks of being in the red as the US bellwether Alcoa reported better than expected results. The aluminium producer is the first to report earnings in the US each quarter, and beat expectations this time around. This, combined with better economic news across the board, a rise in metal prices and news of falling Chinese production costs sent metal miners soaring.

Protestors block streets to European Central Bank in Germany in protests over austerity

Anti-capitalist protesters blocked streets leading to the European Central Bank in Germany in protests over austerity cutbacks.

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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 15 May 2015
Seifeddine Rezgui: What motivated a shy student to kill 38 holidaymakers in Tunisia?

Making of a killer

What motivated a shy student to kill 38 holidaymakers in Tunisia?
UK Heatwave: Temperatures on the tube are going to exceed the legal limit for transporting cattle

Just when you thought your commute couldn't get any worse...

Heatwave will see temperatures on the Tube exceed legal limit for transporting cattle
Exclusive - The Real Stories of Migrant Britain: Swapping Bucharest for London

The Real Stories of Migrant Britain

Meet the man who swapped Romania for the UK in a bid to provide for his family, only to discover that the home he left behind wasn't quite what it seemed
Cheaper energy on the way, but it's not all sunshine and rainbows

Cheaper energy on the way, but it's not all sunshine and rainbows

Solar power will help bring down electricity prices over the next five years, according to a new report. But it’s cheap imports of ‘dirty power’ that will lower them the most
Katy Perry prevented from buying California convent for $14.5m after nuns sell to local businesswoman instead

No grace of God for Katy Perry as sisters act to stop her buying convent

Archdiocese sues nuns who turned down star’s $14.5m because they don’t approve of her
Ajmer: The ancient Indian metropolis chosen to be a 'smart city' where residents would just be happy to have power and running water

Residents just want water and power in a city chosen to be a ‘smart’ metropolis

The Indian Government has launched an ambitious plan to transform 100 of its crumbling cities
Michael Fassbender in 'Macbeth': The Scottish play on film, from Welles to Cheggers

Something wicked?

Films of Macbeth don’t always end well - just ask Orson Welles... and Keith Chegwin
10 best sun creams for body

10 best sun creams for body

Make sure you’re protected from head to toe in the heatwave
Wimbledon 2015: Nick Bollettieri - Milos Raonic has ability to get to the top but he must learn to handle pressure in big games

Nick Bollettieri's Wimbledon files

Milos Raonic has ability to get to the top but he must learn to handle pressure in big games
Women's World Cup 2015: How England's semi-final success could do wonders for both sexes

There is more than a shiny trophy to be won by England’s World Cup women

The success of the decidedly non-famous females wearing the Three Lions could do wonders for a ‘man’s game’ riddled with cynicism and greed
How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map