News According to research, there is a strong link between financial issues and low mental well-being in people over 50

High levels of personal debt in Britain could be creating a health time bomb, according to research showing a strong link between financial problems and low mental well-being in older people.

Norton Rose merger to make it No 3

The chief executive of the London-based legal group Norton Rose has predicted the emergence of "15 or 20 truly global law firms" after announcing a merger with the US group Fulbright & Jaworski. Peter Martyr said that the combination will create the world's third biggest law firm.

Housing benefit will be tied to the bottom third of market rents

Exclusive: Private landlords evading at least £550 million tax on rental incomes

Buy-to-let and other private landlords are evading over half a billion pounds in tax due on their rental income, new figures reveal.

Shortage of talented finance executives inhibits company growth, says survey

Finance departments at British businesses are being stretched as they are unable to find decent candidates.

House Speaker John A. Boehner

Obama, Boehner stick with differing plans to avoid 'fiscal cliff'

President Barack Obama and House Speaker John Boehner, on Saturday reiterated pledges to work together to avoid the impending "fiscal cliff" of automatic spending cuts and tax hikes.

Merger seeks scale to take on 'big four'

The accountancy firm BDO, the sixth-biggest in Britain, is to merge with the UK arm of rival PKF, the ninth-biggest, to create a business with 3,500 staff and £400m in revenues that will aim to challenge the "big four" auditors.

Games stay-at-homes send travel firms bust

The number of travel companies going under in the UK in the last 12 months has doubled as the recession, Jubilee celebrations and Olympics kept British holidaymakers at home.

Insolvencies drop to a four-year low

The number of Britons who were declared insolvent fell to its lowest since the start of the recession in 2008 during the last quarter, in the latest sign of an improving economy in the UK.

Morgan Stanley beats forecasts

The US investment bank Morgan Stanley swung to a $1bn (£620m) loss over the third quarter – but beat market hopes with earnings that rose on the back of strong revenues from its bond-trading business.

City's expat bankers feel pain as taxman targets 'low-hanging fruit'

The taxman's more aggressive efforts to crack down on tax avoidance by foreign bankers working in the City appears to be paying off.

Michael Page profits dive in jobs bloodbath

Michael Page International issued its second profit warning in under a year yesterday as a jobs bloodbath in almost all of its markets and industries hit business.

What the Sunday Papers said

The Independent on Sunday: Big four auditors face monopoly interrogation

Blade runner: Great Britain's Ed McKeever powers to victory in the 200m men's final

Canoeing: Ed 'The Cleaver' McKeever cuts up field like Usain Bolt

Ed McKeever is quickly labelled the Usain Bolt of sprint canoeing after powering away and holding lead to win gold

Accountancy: ‘You don’t have to be good at maths’

Russ Thorne dispels some of the myths about a career in accountancy

Recession brings out the snitches as HMRC pays whistleblowers £1 million over last three years for providing information on tax cheats

The Government has paid out more than £1 million in rewards for information on tax cheats since the start of the financial crisis, it was revealed today.

The Qatari was ousted from Fifa for trying to buy votes while challenging Sepp Blatter for presidency of football's world governing body last year

Mohamed bin Hammam suspended by Asian Football Confederation

The Asian Football Confederation accused its disgraced president Mohammed bin Hammam of bribery after an internal audit revealed fresh allegations of financial wrongdoings by the Qatari football official.

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Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

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Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

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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
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Michael Carberry: ‘After such a tough time, I’m not sure I will stay in the game’

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