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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Independent Travel
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 15 May 2015
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate