News Japanese Prime Minister Shinzo Abe delivers his special address at the opening session of the World Economic Forum in Davos

Japan’s trade deficit has hit an all-time high as imports were swollen by higher energy prices and a weak yen.

Last year's currency turmoil led to hefty price rises in Switzerland and tourists avoiding the country

Switzerland fears euro fallout – because its currency is too strong

Influx of investors seeking safe haven may send franc to record high and hit nation's high rollers

Postcode lottery over holiday cash rates

There is a "postcode lottery" over foreign exchange, according to consumer group Which?.

Former Bundesbank board member claims Germany's European policy is motivated by Holocaust guilt

Thilo Sarrazin, the former Bundesbank member who caused outrage with his racist theories about Muslim immigration, has stoked fresh controversy with a new book claiming that Chancellor Angela Merkel’s European policy is motivated by German guilt for the Holocaust and World War II.

Leading article: The most important G8 summit for three decades

The central drama is in Europe, but a special responsibility falls on Mr Obama’s shoulders

David Cameron meets apprentice James Yeoman during a visit to a Siemens plant in Manchester yesterday

David Cameron to tell Angela Merkel she is the only person who can save euro

PM will urge German Chancellor to use her country's wealth to shore up single currency

Unemployed Argentinians protest at its economic collapse in 2001

Ben Chu: Argentina managed to survive a huge default – so could Greece do the same?

It's the inescapable question: would Greece now be better off outside the eurozone than inside? There are powerful and plausible arguments both ways. Those who answer in the negative point out that Athens is still, despite years of massive cuts, spending more than it takes in tax revenues.

Greek Presidential guards perform in front of the tomb of the Unknown soldier in central Athens

President fails again to form Greek coalition but calls for cuts continue

Greece's search for a government to prevent the country's disorderly exit from the euro went on into last night with little sign of an agreement. After a week in which party leaders have failed to form a coalition, it fell to the Greek President to make a final appeal to politicians to prevent a further period of uncertainty and fresh elections next month.

Five Questions About: Foreign currency

What's happening with the exchange rate?

Angela Merkel (right) and Danish Prime Minister Helle Thorning Schmidt sign the EU fiscal compact in Brussels yesterday

Dominic Lawson: Can Europe survive its cavaliers?

According to the historical satire 1066 And All That, the English Civil War was fought between "Right but Repulsive" Roundheads and "Wrong but Wromantic" Cavaliers. A modern satire on the European financial crisis could well use the same terminology, with Germany as the right but repulsive advocates of roundhead "austerity", and those calling for still more cavalier "borrowing for growth" as wrong but wromantic.

Euro heading for freefall in echo of housing crash

Currency could be next sub-prime mortgage crisis say traders after day of turmoil on markets

Exchanging your pounds now will give you more euros to spend

Grab holiday cash as sun shines on pound

You can benefit from the strong rate for sterling against the euro by buying your travel money now or getting a pre-paid card, reports Emma Lunn

GDP data 'shows cuts are not working'

There were fresh calls for the Government to scale back its austerity measures today after figures confirmed the UK had returned to recession.

Britons' holidays up to 14% cheaper thanks to soaring sterling rate

Soaring sterling rates are giving Britons as much as 14% more cash for their summer 2012 trips to Europe compared with last year.

The euro is at an 19-month low against the pound, and could fall further

Does sterling rise mean it's time to get currency?

The pound this week climbed to a 19-month high against the euro. By Thursday, you could get 1.22 euros for £1, a level not reached since August 2010.

Goldman bonus pool shrinks, but no layoffs

Staff at Goldman Sachs have been put on notice to expect more cuts to their bonuses this year, after the bank slashed payments to its bonus pool in the first three months of 2012.

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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam