News GCHQ uses doctored websites including those from the business network LinkedIn to secretly install surveillance software on the computers of unwitting target companies and individuals it wants to spy on, the German news magazine Der Spiegel has reported

GCHQ uses doctored websites including those from the business network LinkedIn to secretly install surveillance software on the computers of unwitting target companies and individuals it wants to spy on, the German news magazine Der Spiegel has reported.

Hamish McRae: We must nurture the not-for-profit sector

Economic Studies

Goldman U-turn fuels surge in oil prices

Only weeks after calling the top of the oil market and advising clients to sell up, Goldman Sachs has performed a dramatic U-turn, pushing the price up to $112.10 a barrel in London yesterday.

Saudi Arabia says oil market is oversupplied

Saudi Arabia reduced its oil production in March, the Kingdom's oil minister, Ali al-Naimi, revealed yesterday, claiming the world oil market was oversupplied.

Fears over Middle East unrest send oil to pre-recession highs

The oil price shot through the $121 per barrel mark yesterday, returning to heady levels not seen since August 2008.

Business Diary: Walsh's wings clipped by office

Life isn't always glamorous for the chief executives of our biggest companies.

Oil prices fall back on Opec hopes

Oil prices eased off highs last night amid signs that the Opec oil cartel was mulling a supply boost to smooth out the volatility in production and prices caused by the turmoil in Libya.

Osborne hits back in row over petrol prices

Chancellor George Osborne has refused to take the blame for rising petrol prices - rejecting claims by world oil producers that taxes were responsible.

David Prosser: Mixed message lets Opec off the hook

Outlook How serious is the oil price spike? Here's what the International Energy Agency's chief economist, Fatih Birol, said in an interview on Wednesday: "I don't see much destruction to the world economy from the current high oil prices". Phew. But hang on a moment. If prices do not come down, "an 'oil burden' could put a drag on the world economy," Richard Jones told a US Congressional hearing yesterday. Mr Jones is the deputy executive director of the IEA.

Hamish McRae: Let's get real: cheap oil is never coming back

Economic Studies

Opec's grip on oil market to return to 1970s levels

World oil prices remained close to the $100-per-barrel mark last night as BP said Opec was set to increase its share of global oil production to levels not seen since the oil shocks of the 1970s.

'$100 oil is threatening economic recovery,' says IEA

Oil prices back near $100 are threatening the global recovery, the International Energy Agency (IEA) said yesterday, raising the pressure on the Opec producers' cartel to increase supply.

No Opec action as $100 oil looms

Iran, which holds the rotating presidency of Organisation of the Petroleum Exporting Countries (Opec), says it sees no need for oil exporters to hold an emergency meeting if crude prices rise to $100 a barrel. Amid mounting fears about the impact on Western economies, Iran's Oil minister, Masoud Mir-Kazemi, said: "The increase toward $100 is not worrisome enough to warrant an emergency meeting. None of the Opec members considers this figure as being unreasonable."

Leading article: An opportunity to kick our fossil-fuel addiction

Pressure on Opec, which has a vested interest in a high oil price, offers no long-term solution

David Prosser: Britain cannot afford to turn its back on deepwater drilling

Outlook In the end, of course, it is all about the money. The Energy and Climate Change Committee's announcement today that a moratorium on deep-water drilling off the coast of the UK should not be imposed does not imply there is no risk of the sort of disaster seen in the Gulf of Mexico last summer. Whatever your views about the safety record of oil and gas explorers, that risk can never be entirely discounted. No, this is a decision based on a head-headed economic view: that such is the demand for oil and the cost of switching to less risky alternative sources of energy, deepwater drilling needs to continue.

IEA raises oil demand outlook

Global oil demand will be higher than expected next year, the International Energy Agency said yesterday.

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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
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone
Amazon is buying Twitch for £600m - but why do people want to watch others playing Xbox?

What is the appeal of Twitch?

Amazon is buying the video-game-themed online streaming site for £600m - but why do people want to watch others playing Xbox?
Tip-tapping typewriters, ripe pongs and slides in the office: Bosses are inventing surprising ways of making us work harder

How bosses are making us work harder

As it is revealed that one newspaper office pumps out the sound of typewriters to increase productivity, Gillian Orr explores the other devices designed to motivate staff