News

It was once only a brave investor who’d bet against fashion favourite Asos, but yesterday two City experts called time on the stock.

Mark Carney starts Monday as the new Governor of the Bank of England

New Bank of England Governor Mark Carney rolls up his sleeves as new era begins

Mark Carney will hit the ground running at the Bank of England today as he takes on "one of the toughest central banking jobs in the world".

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.

David Cameron holds talks with Nicolas Sarkozy

Former French president Nicolas Sarkozy is today visiting 10 Downing Street for private talks with Prime Minister David Cameron.

The Goldman Sachs' building in Fleet Street, London

Defeat for UK Uncut as High Court rules Goldman Sachs 'sweetheart' tax deal is flawed but lawful

But judge tells UK Uncut that deal was 'not a glorious episode in the history of the Revenue'

Pressure intensifies on Bloomberg after new 'snooping' scandal twist

Bloomberg apologised after the financial news agency let its reporters access clients' information

Red-faced Bloomberg admits ‘inexcusable’ privacy breach

Bloomberg was today forced to issue a grovelling apology to clients for its “inexcusable” decision to let its journalists use internal customer information in a scandal that has rocked Wall Street and the City.

What the Sunday papers said

Independent on Sunday: Aviva faces new investor row at annual meeting

Sage of Omaha Warren Buffett's successor stays a secret

Agreement reached, but no clue who it is from 82-year-old Berkshire Hathaway head Buffett
The Goldman Sachs' building in Fleet Street, London

'Sweetheart' deal between HMRC and Goldman Sachs was struck to save Government embarrassment, court hears

A “sweetheart” tax deal which saved Goldman Sachs millions of pounds was agreed by HMRC to save Chancellor George Osborne from “major embarrassment”, a court has heard.

James Moore: Not much to celebrate – even if we avoid ignominy of triple-dip recession

Outlook It's the end of the fiscal year and time to tot up exactly what the Government has to show, in terms of cutting Britain's budget deficit, for another year of austerity, public sector job cuts, pay freezes and non-existent economic growth.

James Moore: Goldman once more leads the pack, but what's really going on is anyone's guess

Outlook That great vampire squid wrapped around the face of humanity relentlessly jamming its blood funnel into anything that smells of money? Well let's put it this way, there's nothing wrong with its nose.

A picture of Chris Holmes' resignation cake was posted on twitter

Employment: A resignation letter that really rises to the occasion

We’re used to disgruntled employees’ resignations doing the rounds these days. In the internet age, those bitter parting words can be uploaded and forwarded in an instant.

Market Report: Miners subside after gold price plunge

Getting on the wrong side of your regulator is a bad idea. Particularly  in financial services

Chinese slowdown rocks global markets

The gold price slumped to its lowest for more than two years yesterday as fears over a major sell-off from institutional investors and central banks sent traders rushing out of the precious metal.

Investment View: Buy LSE while they're cheap and hold on to them

The British economy might still be slumbering, but despite what you might have read, parts of the City have woken up. That ought to make for good times on the London Stock Exchange, or at least the company headed by Xavier Rolet which runs the London Stock Exchange, whose markets have been soaring.

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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
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

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
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas