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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