News

Government will control entire market 'from seed to smoke,' in a bid to curb addiction and drug violence

New bank will be backed by Rothschild

Britain's largest banks will present their "living wills" to the Financial Services Authority (FSA) next month, ahead of the G20 summit of leading industrialised nations in South Korea.

Soros buys 4% of Bombay bourse

The billionaire investor George Soros, famed for profiting from the collapse of sterling on Black Wednesday in 1992, has bought into the Bombay Stock Exchange (BSE).

Business Diary: Dudley follows Hayward's lead

So farewell Tony Hayward and hello Bob Dudley. The outgoing and incoming BP chief executives have one thing in common already: just as the bookies took large bets on Hayward being forced to quit, so too are punters backing Dudley not to last. Ladbrokes has just cut its odds on Dudley not surviving in his new role for more than two years from 8/11 to 4/9. "To say the role is a poisoned chalice is an understatement," says the bookmaker's spokesman Nick Weinberg.

Discovery Metals looks to raise $150m to develop Botswana copper mine

Discovery Metals, the AIM-listed miner that has investment sage George Soros as a shareholder, is looking to raise $150m in loans and new shares later this year.

The Business On... Jim Rogers, Investor

Why is he in the news?

Fear and loathing as the hedge funds take on the euro

Gigantic bets against the euro have fuelled rumours of a hedge fund plot to cash in on the Greek crisis

Call for 'Robin Hood tax' on banking transactions

The clamour for a global tax on banking transactions gathered pace last night, as further evidence emerged of investment-bank returning to bumper profits.

David Prosser: Bankers are feeling the heat in Davos

Outlook And so the fightback begins. You might say it was cowardly of the world's top bankers to wait until they had ducked behind the security barriers at Davos to come out swinging against regulatory reform, but until now no one has been prepared to put their head above the parapet. Strength in numbers was the feeling at the World Economic Forum yesterday, with a string of senior bankers speaking out.

Copenhagen diary (11/12/09)

* George Soros, the Hungarian-American billionaire investor, wowed the conference yesterday with his bold proposals to provide up to $150bn to enable poor countries to use clean technology. All that is lacking, he said, is the "political will" to make it happen. Perhaps someone could suggest that Mr Soros lead the way himself? Come on George, it's for a good cause...

Ben Chu: Strong meat from a poacher turned gamekeeper

I don't know whether George Soros's interesting personal history as a poacher turned gamekeeper makes his ideas on financial reform more or less credible.

Stop the fat-cat bonuses! George Soros turns on the bankers

As bailed-out institutions plan to share billions among staff, top figures in the City – including bank directors – call on the Government to take decisive action at last

The Power Of Yes, NT: Lyttelton, London

Subtitled "a dramatist seeks to understand the financial crisis", David Hare's hotly anticipated new piece is not so much a play proper as an edited dramatisation of the research process that could have led to one. Portrayed by Anthony Calf, the author-figure (who is a version of Hare) takes to the stage and scribbles endlessly in a notebook, while quizzing a recurring crew of financiers, politicians and journalists. But you feel that he must have been trapped for the past year in a bunker, such is the surprise he evinces when these men in suits (who include Adair Turner, the chairman of the Financial Services Authority and George Soros, a US banker) march forward and bark at him what we largely already know.

Prophets of doom see new bubbles

Two of the world's most influential investment gurus warned yesterday that financial markets were turning into "bubbles".

Soros calls for ban on credit default swaps

George Soros, the billionaire hedge fund manager, called for credit default swaps to be banned, saying these financial instruments had the potential to wreck individual companies and to bring down the banking system.

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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
A look back at fashion in 2014: Wear in review

Wear in review

A look back at fashion in 2014
Ian Herbert: My 10 hopes for sport in 2015. Might just one of them happen?

Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?