News US President Barack Obama pauses while making a statement about the death of former South African President Nelson Mandela in the briefing room of the White House

US politicians are closing in on a deal to ease the impact of spending cuts worth up to $200 billion (£122 billion) which are due to hit home next year, it emerged today.

ING Barings acts to retain stake in Dillon Read

In a bid to retain a valuable window on to Wall Street, ING Barings is scrambling to hold on to a 25 per cent stake that it holds in the investment bank Dillon Read and, if possible, to purchase the other 75 per cent.

Little sweetness or light in the secretive world of sugar

Is commodities giant ED&F Man doing backdoor deals with Cuba? Paul Farrelly investigates

ING Barings chairman set to leave London

Hessel Lindenbergh, the chairman of ING Barings who supervised the rescue of the British merchant bank by the Dutch financial giant ING two years ago, is returning to Amsterdam having steered the subsidiary to "acceptable" levels of profitability.

Time for Tesco to be on the receiving end

People & Business

GGT to pay pounds 96m for ad group

The long-awaited takeover by GGT Group of the BDDP advertising group in France was finally announced yesterday. The pounds 96m deal comes almost six months after dealings in GGT shares were suspended at 223p, and during which time sterling has appreciated 16 per cent against the franc.

Panel raps Barings on takeover rules

The executive of the Takeover Panel yesterday delivered a public rap over the knuckles to ING Barings after shares in Applied Distribution, a client of the merchant bank, soared prior to it revealing bid approaches last month.

M&G backs pounds 196m bid for Newman

FKI, the acquisitive engineering group, yesterday launched its first hostile takeover by delivering a potentially knock-out bid worth pounds 196m for Newman Tonks, Europe's largest architectural hardware company.

Heat turned up on Eurotherm: The Investment Column

Eurotherm chief executive Claes Hultman walks on hallowed ground, and that is not just a reference to his other job as chairman of Wembley. Such is his veneration in the City that shareholders forced the controls and instrumentations company to take him back earlier this year after he stormed out following an acrimonious and very public tiff with the then chairman.

Ex-Barings executive loses claim for pounds 500,000 bonus

Mary Walz, the former Barings executive, has lost her claim for a pounds 500,000 performance bonus that was awarded just hours before the bank's collapse last year but was never paid.

Bacon & Woodrow may limit liability

Bacon & Woodrow, the actuarial firm, is joining the large number of accountancy and other professional organisations which are looking at whether to drop their unlimited partnership status.

Industry's big cheeses look to make an after-dinner mint

People & Business

Minimum wage, maximum delusion

The idea that it would always cost jobs must be ditched. Employment could actually rise, says Yvette Cooper

Olivetti takes flak for selling phone shares to cut debt

One of Olivetti's largest shareholders, ING Barings Asset Management, has slated the company's decision to sell an 8 per cent stake in Omnitel, its mobile phones subsidiary, to raise money to reduce crippling debts.

Banks seek pay curbs to stop traders from taking risks

Leading bankers are preparing the groundwork for a common standard for pay awards in the City, as a way of preventing traders from taking too many risks as they chase substantial annual bonuses.

Sacked Barings head 'was promised bonus of pounds 500,000'

A former Barings executive yesterday revealed how a director told her not to spend her promised pounds 500,000 bonus all at once, only hours before rogue trader Nick Leeson brought the merchant bank to its knees.
Voices
voicesGood for Lana Del Rey for helping kill that myth, writes Grace Dent
Sport
The Pipes and Drums of The Scottish Regiments perform during the Opening Ceremony for the Glasgow 2014 Commonwealth Games at Celtic Park on July 23, 2014 in Glasgow, Scotland.
Commonwealth GamesThe actor encouraged the one billion viewers of the event to donate to the children's charity
Sport
Karen Dunbar performs
Entertainers showcase local wit, talent and irrepressible spirit
Arts and Entertainment
The Tour de France peloton rides over a bridge on the Grinton Moor, Yorkshire, earlier this month
film
Life and Style
fashion Designs are part of feminist art project by a British student
News
Very tasty: Vladimir Putin dining alone, perhaps sensibly
news
Life and Style
Listen here: Apple EarPods offer an alternative
techAre custom, 3D printed earbuds the solution?
News
The University of California study monitored the reaction of 36 dogs
sciencePets' range of emotions revealed
Arts and Entertainment
The nomination of 'The Wake' by Paul Kingsnorth has caused a stir
books
News
Joining forces: young British men feature in an Isis video in which they urge Islamists in the West to join them in Iraq and Syria
newsWill the young Britons fighting in Syria be allowed to return home and resume their lives?
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
Climate change threatens to make the antarctic fur seal extinct

Take a good look while you can

How climate change could wipe out this seal
Should emergency hospital weddings be made easier for the terminally ill?

Farewell, my lovely

Should emergency hospital weddings be made easier?
Man Booker Prize 2014 longlist: Crowdfunded novel nominated for first time

Crowdfunded novel nominated for Booker Prize

Paul Kingsnorth's 'The Wake' is in contention for the prestigious award
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned

Vladimir Putin employs a full-time food taster

John Walsh salutes those brave souls who have, throughout history, put their knives on the line
Tour de France effect brings Hollywood blockbusters to Yorkshire

Tour de France effect brings Hollywood blockbusters to Yorkshire

A $25m thriller starring Sam Worthington to be made in God's Own Country
Will The Minerva Project - the first 'elite' American university to be launched in a century - change the face of higher learning?

Will The Minerva Project change the face of higher learning?

The university has no lecture halls, no debating societies, no sports teams and no fraternities. Instead, the 33 students who have made the cut at Minerva, will travel the world and change the face of higher learning
The 10 best pedicure products

Feet treat: 10 best pedicure products

Bags packed and all prepped for holidays, but feet in a state? Get them flip-flop-ready with our pick of the items for a DIY treatment
Noel Fielding's 'Luxury Comedy': A land of the outright bizarre

Noel Fielding's 'Luxury Comedy'

A land of the outright bizarre
What are the worst 'Word Crimes'?

What are the worst 'Word Crimes'?

‘Weird Al’ Yankovic's latest video is an ode to good grammar. But what do The Independent’s experts think he’s missed out?
Can Secret Cinema sell 80,000 'Back to the Future' tickets?

The worst kept secret in cinema

A cult movie event aims to immerse audiences of 80,000 in ‘Back to the Future’. But has it lost its magic?
Facebook: The new hatched, matched and dispatched

The new hatched, matched and dispatched

Family events used to be marked in the personal columns. But now Facebook has usurped the ‘Births, Deaths and Marriages’ announcements