While Westminster worried about the scale of an oil price-fixing scandal, the City took a more sanguine view. Tuesday's raid of the oil giants' offices by the European Commission – the start of an investigation into allegations of fixing that could have affected millions of motorists – fuelled fears that the oil majors are facing their very own version of the banks' Libor disgrace.

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Bond Buy: Jameel family pay 21m for Piaget store

A Saudi Arabian family, estimated to be worth $3bn, has bought the Piaget store on Old Bond Street in yet another record deal on London's exclusive shopping street.

Rate rise could be shocking for borrowers

Fixing could protect against mortgage rates climbing next year. Simon Read reports

Questions Of Cash: 'My funds were sent to the wrong account'

Q. ING Direct closed my account at my request, but transferred the funds – almost £90,000 – to the wrong account. It admits this, and that it was their error, but says it cannot reimburse me until it locates the missing funds. It has even suggested that I should track down the funds myself – and that this would be quicker. GF, London.

Yamauchi targets Great North glory

It just so happens that Anthony McPartlin and Declan Donnelly have been asked to fire the starting gun to get the 30th edition of the Bupa Great North Run underway in Newcastle tomorrow morning.

Storm clouds gather over Britain's high street

Storm clouds gathered on Britain's high street today after a shock fall in retail sales and a slew of pessimistic comments from major players.

Bank chiefs discussed rate increase

Bank of England policymakers considered further action to boost the economy this month amid concerns over tightening credit conditions and a slowdown in the UK recovery, it emerged today.

Lenders fail to notify savers of rate changes

Most banks fail to tell savers about changes to the interest they are earning on their cash, it was claimed yesterday.

Hamish McRae: Things are at a crucial stage for Europe but what if China turns off the tap to the US?

Economic Life: Austerity moves may persuade the markets most weaker eurozone countries are good for their money. Equally, they might decide the US is not a safe haven

Borrowing soars but tax receipts up

Britain's borrowing ballooned by another £12.4 billion last month, but tax receipts rose year on year as the economic recovery gathered pace, official figures revealed today.

Pound hit over hung parliament fears

The pound was punished today amid worries that plans to slash the UK's soaring deficit could be delayed by political uncertainty.

The Sketch: Infamy, infamy, they've all got it in for me!

"For ****'s sake, ****ing VICTIMS, don't you ****ing under****ingstand what the House of ****-Commons is? Ach, you don't know ANYTHING YOU ****S!"

The Week Ahead: Diageo to offer little cheer after weak sales

Analysts have voiced fears about further revenue slides at Diageo, which owns brands from Guinness to Baileys, when the world's largest drinks company reports first-half results on Thursday.

Public borrowing hits record high

Government borrowing rose to £20.3bn during November, a new monthly record, official figures revealed yesterday. However, economists said that public sector net borrowing had actually been slightly better than expected, with tax receipts higher than analysts had predicted.

Business Diary: How much for Knight to ride to the rescue?

British Bankers' Association chief executive Angela Knight was on her usual combative form yesterday over plans for a tax on bankers' bonuses. Does she get a bonus for spinning on behalf of the most unpopular people in the world? Difficult to know, since the BBA's own annual report includes not a single word on what staff at the organisation are paid.

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Johnny Marr talks relationships and reunions

He's worked with Modest Mouse, the Pet Shop Boys and Beck, to name a few, and recently released his first solo album. So why, wonders Johnny Marr, do people still hark on about The Smiths?
After the flood: From Haiti to Britain, one man has captured the devastation of our increasingly deluged lands

In pictures: After the flood

From Haiti to Britain, one man has captured the devastation of our increasingly deluged lands
Death becomes her: Meet the very modern mortician who champions 'cool' funerals

Death becomes her: A very modern mortician

Ever considered baking a loved one's remains into a cake or putting their ashes in fireworks? If so, talk to Caitlin Doughty, champion of the alternative death industry.
How long can the 'Keep Calm' trend carry on?

How long can the 'Keep Calm' trend carry on?

At first it seemed clever and cute. Then the 'Keep Calm' motif went mad, spawning endless offshoots.
The man who built Brum: A lament for the demise of John Madin's Brutalist Birmingham

John Madin: The man who built Brum

The architect's buildings were supposed to leave an indelible, futuristic mark on his beloved hometown but they are now being inexorably torn down.
School of chop: Learning the art of butchery at the Ginger Pig

School of chop: Learning the art of butchery

How do you butcher a lamb? Or make Mexican street food in a British kitchen? Christopher Hirst finds out.
James Pembroke: The man who's eaten everywhere

The man who's eaten everywhere

Few people know more about restaurants than James Pembroke, who only spent five mealtimes at home during his entire childhood.
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?

A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?

The young JFK praised 'superior' Nordic races during visits to Germany
Banned Iranian director Mohammad Rasoulof to attend Cannes Film Festival 2013, his first public appearance since prison

Banned Iranian director to attend Cannes Film Festival

Mohammad Rasoulof to make his first public appearance since being imprisoned three years ago
Seeing the larger picture: Inspiring images of space

Seeing the larger picture: Inspiring images of space

An exhibition explores images how photography has shaped astronomy
Eat Spam and carry on: Wartime pamphlets could teach us a thing or two about healthy, thrifty eating

Eat Spam and carry on

Wartime pamphlets could teach us a thing or two about healthy, thrifty eating
Facial hair: Cat beards and the purrrsuit of excellence

Facial hair

Cat beards and the purrrsuit of excellence
The 10 Best salt and pepper sets

The 10 Best salt and pepper sets

Whether they're for everyday use or to make your dining table look just right, it's worth getting a stylish shaker...
Ferran Soriano: Predicting success if Manchester City 'vision' is followed

Ferran Soriano: Predicting success if Manchester City 'vision' is followed

Chief executive says trophies will come if a 'core' of suitable players is in place
Thomas Müller: We couldn't handle losing a Champions League Final again

Thomas Müller: We couldn't handle losing a Champions League Final again

The Bayern Munich forward tells Tim Rich his side have to shed chokers' tag after two recent final defeats