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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 is relocating form Canad

£250,000-a-year accommodation allowance for new Bank of England Governor Mark Carney

Fresh details of the lucrative financial package required to lure the Bank of England’s first foreign Governor across the Atlantic show that Mark Carney, a Canadian, has landed a housing allowance worth £1.25m over his five-year term.

Market Report: Pace still a runner in race for Motorola

Can a Yorkshire firm keep up with the pace in the bidding war for Google's Motorola set-top box business? The official deadline was last night, and Saltaire-based Pace was said to be up against Georgia-based Arris, France's Technicolor and private equity bidders.

Editorial: Threadneedle Street's new broom

Only four months ago Mark Carney was issuing the flattest of denials that he was interested in becoming Governor of the Bank of England. That he has now accepted the job may mean he had his arm twisted by the Chancellor, George Osborne, which would make his appointment highly political. But this did not prevent the announcement receiving a broad welcome yesterday – including from the shadow Chancellor, Ed Balls.

Anthony Hilton: Banks can keep loans up if they change culture

Every time someone in government suggests the banks would be safer if they held more capital against their loans, the banks say they could only increase their capital by cutting back on their lending. It is one of the ways they routinely scare the government.

Russian giant Megafon tries again with London flotation

Megafon, the Russian telecoms giant controlled by Arsenal's second-biggest shareholder, Alisher Usmanov, confirmed plans yesterday for a London stock market float that could value the business at $14bn (£9bn).

Banks are being run like rigged casinos, says Greg Smith

Banks are worse than casinos, claims Greg Smith, the former Goldman Sachs executive who hit the headlines last year when he said the investment bank treated its clients like Muppets.

Former trader says banks are like gamblers in rigged casinos

Banks are worse than casinos, claims Greg Smith, the former Goldman Sachs executive who hit the headlines last year when he said the investment bank treated its clients like Muppets.

Lawyers for insider trader in unusual bid for leniency

Lawyers for Rajat Gupta, the former McKinsey & Co chief and Goldman Sachs board member whose ascent to the pinnacle of corporate America was only matched by his precipitous fall after being convicted of leaking insider information earlier this year, have made an unusual plea for leniency as he prepares to hear his sentence from a Manhattan judge.

Bonds bolster Citigroup as writedown hits profits

A mammoth, $4.7bn (£2.9bn) writedown drove Citigroup's third-quarter profits down by nearly 90 per cent – but America's third-largest bank still managed to beat Wall Street expectations yesterday thanks to strength in its bond trading business.

Business week in review

In profit...

Simon English: For Shacklock, it's more bad news

Outlook The collapse of the BAE deal is bad news for lots of people, one of whom must be Tim Shacklock.

Tucker odds-on to be named governor after rivals drop out

The Bank of England's deputy governor, Paul Tucker, was installed as odds-on favourite for its top job at the Bank of England yesterday as the applications deadline for Britain's most powerful unelected role passed.

Race for top job at the Bank narrows as three drop out

The deputy governor Paul Tucker was installed as odds-on favourite for the top job at the Bank of England yesterday as the applications deadline for Britain's most powerful unelected role passed.

Hamish McRae: Painful, yes. But we are slowly recovering

What happens next? There is always a sense of unease in August, a feeling that there are autumn storms just around the corner, but this year all has been pushed aside by the triumph of the Olympics. So will those concerns now return with a bang? Or do we just resume the long trudge of correcting the errors of the boom years and wishing we had less of a headwind as we did so?

Jim O’Neill: the world economy is a bit more balanced now

Hamish McRae: At last we're correcting the errors of the boom years

The big question now is whether there has been permanent damage

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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
Public relations as 'art'? Surely not

Confessions of a former PR man

The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
Bill Granger recipes: Our chef succumbs to his sugar cravings with super-luxurious sweet treats

Bill Granger's luxurious sweet treats

Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

The mother of all goodbyes

Paula Radcliffe's farewell to the London Marathon will be a family affair
Everton vs Manchester United: Steven Naismith demands 'better' if Toffees are to upset the odds against United

Steven Naismith: 'We know we must do better'

The Everton forward explains the reasons behind club's decline this season
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions

Michael Calvin's Last Word

Praise to Wenger for having the courage of his convictions