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.

Great Works: Maîtresse, 1996, by Mimi Parent

Collection Mony Vibescu

Factory output hits three-year low

Manufacturers saw output reach its lowest level in three years this month as companies became increasingly concerned by political and economic problems abroad, a survey said.

American factories may be doing better with exports than figures first suggest

American exporters are doing better than many think

The United States isn't making things that the world wants to buy.

UK trade deficit was second-biggest ever

A further plunge in exports saw the UK rack up its second-biggest trade deficit on record, official figures show.

No UK return planned for Wolseley

The heating and plumbing giant Wolseley has said it does not plan to follow the advertising giant WPP and shift its tax base back to the UK.

Ahmadinejad is called to account after rial falls to record low

Iran's parliament has summoned President Mahmoud Ahmadinejad to answer questions about the national currency going into free-fall after Western sanctions over the country's nuclear programme.

Middle East goes wild for UK sweets

Food manufacturers appear to have found a sweet spot in the Middle East, with exports from the UK up by more than a quarter to some Gulf countries this year.

It is the first time ground tiger claws, which may have come from tigers which were illegally poached, have been found by customs in the UK

Tiger claw products seized at Suffolk port

Herbal remedies and massage oils containing ground tiger claws, poisonous plants and cow urine have been seized by border officials at a UK port.

Eunice Benedicto hopes her MBA will equip her for humanitarian missions

This year’s most promising future business leaders

Our joint scholarships are lowering financial barriers, says Russ Thorne

Double-dip threat to eurozone

The embattled eurozone was on the brink of a double-dip recession today as figures revealed that the 17-nation economy shrank by 0.2% between April and June.

Anthony Hilton: Keep calm … if euro collapses we can still carry on trading

With the drachma likely to plunge most, the biggest price cut may well be on retsina

Prince Charles sporting his polo look

The Prince of Wales: A new name in fashion royalty

Depending on your republican leanings, it could be argued that the British Monarchy represents both the best and worst of the country. So perhaps it's fitting that although the Prince of Wales was recently named as one of GQ's best-dressed men, he has featured on worst-dressed lists. But that hasn't stopped his odd ascent to the top of British fashion.

Germany and France feel the eurozone squeeze

The two largest economies of the single currency see exports fall and growth forecasts reduced

Satyajit Das: Problems galore put the brakes on India's economic potential

Economic Outlook: Successive governments of every... persuasion have failed to undertake meaningful reforms
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Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'