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Outlook The Old Lady of Threadneedle Street likes drama to be reserved firmly for the stage. So yesterday's announcement from her Financial Policy Committee on "potential amplification channels" of financial risks was characteristically short on hyperbole.

Nomura on slide in ratings

Fears are growing that Nomura, the Japanese investment bank that bought large chunks of the failed Lehman Brothers bank last year, could face a downgrade in its credit rating in the coming weeks as the group continues to integrate large parts of the American firm into its business.

Chaotic end to Lehmans 'cost $75bn in value'

Bankruptcy of bank could have been better managed

Recession - the domino effect: Share YOUR story

It began with the banks. Then house prices began to tumble. In the months that followed, the shock waves spread, engulfing first high streets, then factories – and thousands of jobs. In this gripping account, Paul Vallely travels across Britain to meet the people whose lives – and livelihoods – have fallen victim to the domino effect that left a nation broken

Mark Morris's Romeo &amp; Juliet, Barbican Theatre, London <br>Impressing the Czar, Sadler's Wells, London</br>

Adding a happy ending to Shakespeare's great love story is rather sweet. The tragedy is that the result is dull

John Rentoul: A defining moment for... humble pie

Honesty proved an effective form of spin at Glenrothes and the momentum is with Labour

Jeremy Warner: Shipping has become the new banking

One of the more worrying signs of global recession to have manifested itself over the past few months is the veritable collapse in the price of chartering a ship. Since Lehman Brothers was allowed to go under in September, the Baltic Dry Index, which tracks the cost of shipping dry cargo, has fallen by nearly 80 per cent, having already halved in the month before that. Shipping brokers say that it is now possible to charter a ship for less than its operating costs.

Unexpected rise in sales of new homes in US

Sales of newly built homes in the US increased last month, an unexpected bright spot for investors searching for a bottom to the troubled housing market. In September, the number of purchases was running at an annualised rate of 464,000 – up 12,000 from the previous month and better than the 450,000 expected by Wall Street analysts.

Mecom debt burden sends shares diving to 3.7p

Fears for the future of David Montgomery's media group Mecom have intensified, as the shares once again plunged despite the company rushing out a results statement in an attempt to calm investors.

Yasmin Alibhai-Brown: We may share a language, but that's it ...

The UK is mesmerised by the American presidential election. The result will affect all our futures. But is it too much already? Vast resources go into the coverage, leading to a fabricated, even forced, identification with the hyper-power; a euphoric mood is daily whipped up by fervently Atlanticist pundits. Question the United States and you are slammed for "anti-Americanism". There are no equivalent sneers for those who, for example, criticise Russia or India. It is as if this country is an extension of the US. It is defiantly, patently not. In fact, the more this drama unfolds, the more intensely aware we become of how different we are. The ocean between us is physical and cultural.

<a href="http://blogs.independent.co.uk/openhouse/2008/10/i-was-wrong-bla.html">Hamish McRae: I was wrong. Blame Lehman Brothers</a>

Yes, but what about the real economy? If I have been too optimistic about the effectiveness of the world's monetary authorities in restoring faith in the banking system, might I also have been too optimistic about the now-incipient economic downturn?

Ask Martha: Is it rude to ask people what they do for a living?

Got a social dilemma? Martha Arthur has the answer...

Credit crisis diary: Spurned: the naked hedge fund manager

Now this is what we call naked shorting. A New York judge has dismissed a lawsuit in which a woman complained that a hip-hop magazine published without her consent a photo of her in a topless mermaid costume at a party thrown by the rap mogul Sean "P Diddy" Combs. The photo of three bare-breasted women, taken at the annual White Party in East Hampton in 2003, was captioned "Mermaids Gone Wild" and published in Vibe magazine alongside an article about Combs, below. One of the women was a hedge-fund manager, Maria Kristina Dominguez, who sued Vibe and Combs for $3m (£1.6m). However, the judge said the picture was related to newsworthy issues of public interest and concluded that Ms Dominguez had no right to privacy while she was cavorting topless. A lawyer for Ms Dominguez said she was "exploring her options". Sounds like she's hedging her bets.

The Week In Radio: Now they're really taking a liberty

There was a point, some time in mid-morning on Big Bang Day (Radio 4, Wednesday), when I started to feel that about the only thing that could justify this much coverage would be if the Large Hadron Collider really did generate a black hole that swallowed the Earth and snuffed out human existence for all eternity. Under those circumstances, they could even put up a good case for postponing The Archers.

The morning after the night before for a Lehman reject

Edouard d'Archimbaud spent Monday night drowning his sorrows. Now he has to find a new job. Mark Hughes reports

Barclays in talks with Lehman Brothers

Barclays today is in talks over buying up some parts of the collapsed Lehman Brothers empire.

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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 15 May 2015
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition
Lady Chatterley is not obscene, says TV director

Lady Chatterley’s Lover

Director Jed Mercurio on why DH Lawrence's novel 'is not an obscene story'
Farmers in tropical forests are training ants to kill off bigger pests

Set a pest to catch a pest

Farmers in tropical forests are training ants to kill off bigger pests
Mexico: A culture that celebrates darkness as an essential part of life

The dark side of Mexico

A culture that celebrates darkness as an essential part of life
Being sexually assaulted was not your fault, Chrissie Hynde. Don't tell other victims it was theirs

Being sexually assaulted was not your fault, Chrissie Hynde

Please don't tell other victims it was theirs
A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border