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.

When the Money Runs Out, By Stephen D King. Yale, £20. The Growth Map, By Jim O'Neill. Portfolio Penguin, £10.99

We call it globalisation and it is one of the two great economic stories of our time: that shift of economic power from the old developed world to the new emerging one. The other story is the nasty economic cycle we have just experienced. The two stories are linked because the failures of Western economic management that exacerbated the last recession have sped up the power shift.

Andrew Main Wilson, the new CEO of AMBA

Association of MBAs announces new chief executive

Andrew Main Wilson is to be the new chief executive of AMBA, it has been announced on the first day of the Association's conference in Poland.

Hope for UK economy as trade gap shrinks

The trade deficit narrowed slightly in March, adding to hopes that the economy could be beginning to strengthen.

Keynes might have had time for the George Osborne plan

The target of Niall Ferguson's attack has also been traduced by economic convervatives

Japan's trade deficit hits record levels

Japan's trade deficit hit a record high in the last financial year, the Ministry of Finance said.

Global growth continues for AMBA

The international authority on postgraduate business education, the Association of MBAs (AMBA), has reported a 17 per cent growth in membership numbers.

Fears grow for London port project

Big names slow to commit to the logistics park at heart of £1.5bn London Gateway superport

Jim Armitage: Bad old days of violence return to Guinea

US Outlook It's depressing to see trouble return to the mineral-rich African state of Guinea.

Cameron is adept at the art of apology, so why doesn't he give one to India?

Many Indians feel that Britain's outrages during the colonial era have never been fully admitted, never mind taken responsibility for

Margins rise more than 100% at Essar refinery

Margins at the UK's second-largest oil refinery shot up towards the end of last year, according to its owner Essar Energy. Essar's Stanlow plant in Ellesmere Port, Cheshire, saw gross refining margin increase to $5.59 a barrel in its third quarter. It was only $2.45 a barrel a year ago.

From horse to lasagne: Findus, supply chains, and why buying local is the answer in an ideal world only

Labyrinthine supply chains exist for a reason - to fill a demand for cheap meat

Turnaround plan makes it sunnier for Thomas Cook

Thomas Cook showed tentative signs of recovery today after several months in the doldrums.

Glaxo review could see it sell Ribena and Lucozade

GlaxoSmithKline could sell Lucozade and Ribena after Britain’s biggest pharmaceuticals firm today set out plans for a “strategic review” of the drinks brands.

Anthony Hilton: We're stifling banks but no one in charge will be seen being easy on them

The economy had experienced a heart attack, Business Secretary Vince Cable told an audience at an event on Wednesday organised by the think tank Politeia. Recuperation is slow, uncertain and takes a very long time, so you should not expect at this relatively early stage that we would be sprinting down the track like Jessica Ennis.

How 'The Sun' jumped the gun on Harry – and vindicated his view of newspapers

"We heard this posh voice come over the radio and knew it was Big H"

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Sales of the tablet are set to fall again, say analysts

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The number of children in relative income poverty is currently 2.3 million in the UK
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Chris Grayling, Justice Secretary: 'There are pressures which we are facing but there is not a crisis'
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Does Chris Grayling realise what a vague concept he is dealing with?

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Brian Harvey turned up at Downing Street today demanding to speak to the Prime Minister

Met Police confirm it was a 'minor disturbance' and no-one was arrested

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Blackpool is expected to become one of the first places to introduce the Government’s controversial new Public Space Protection Orders (PSPOs)
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Concerns raised phenomenon is threatening resort's image as a family destination

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I Am Bread could actually be a challenging and nuanced title

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Nigel Farage has backed DJ Mike Read's new Ukip song
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Shia LaBeouf plays a World War II soldier in forthcoming drama Fury
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Eccentric Fury star, 28, reveals he is 'not a really confident actor'

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Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album
Hugh Bonneville & Peter James: 'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'

How We Met: Hugh Bonneville & Peter James

'Peter loves his classic cars; I've always pootled along fine with a Mini Metro. I think I lack his panache'
Bill Granger recipes: Our chef's heavenly crab dishes don't need hours of preparation

Bill Granger's heavenly crab recipes

Scared off by the strain of shelling a crab? Let a fishmonger do the hard work so you can focus on getting the flavours right
Radamel Falcao: How faith and love drive the Colombian to glory

Radamel Falcao: How faith and love drive the Colombian to glory

After a remarkable conversion from reckless defender to prolific striker, Monaco's ace says he wants to make his loan deal at Old Trafford permanent
Terry Venables: Premier League managers must not be allowed to dictate who plays and who does not play for England

Terry Venables column

Premier League managers must not be allowed to dictate who plays and who does not play for England
The Inside Word: Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past

Michael Calvin's Inside Word

Brendan Rodgers looks to the future while Roy Hodgson is ghost of seasons past