News

China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.

Rio Tinto to sell Alcan packaging to Amcor for $2bn

Rio Tinto is set to sell its Alcan packaging business to Australia's Amcor for $2bn (£1.2bn) as the miner continues the divestment programme stalled by the global credit crunch.

China drops spying charges against Rio Tinto employees

But executive faces prison for alleged bribery and violating commercial secrets

Rio exec held in China is accused of spying

The Rio Tinto executive arrested in Shanghai is accused of espionage and stealing state secrets, Australia's Foreign Affairs Minister confirmed yesterday.

Chinese officials arrest four Rio Tinto mining employees

Unexplained detentions come as China and miners battle over iron ore prices

Rio Tinto sells US packaging unit for $1.2bn

Divestment planned soon after Alcan acquisition was delayed by downturn

Return of the bonus

The Chancellor wants bankers to 'get real' over bonuses, but are payouts in the City getting out of hand again, or are executives like Stephen Hester just easy targets? Nick Clark reports

Xstrata ready to dig deeper to win over Anglo

Mining group prepared to wait up to two years to merge with rival and create a £43.6bn company

Anglo shares soar after Xstrata seeks talks

Shares in Anglo American jumped as much as 12 per cent today after rival Xstrata sought talks about a merger of equals to better compete in a consolidating mining sector.

China attacks Rio's iron deal with BHP as 'monopolistic'

British company criticised after scrapping £12bn tie-up with state-owned Chinalco

Margareta Pagano: More balls, please, at the Treasury

With the economy in such a shocking state, Labour's only hope is a sharp U-turn on public spending – but does it dare?

Jeremy Warner: Rio Tinto – another lesson in the perils of empire-building

Outlook: The Chinese are fuming and some shareholders are still demanding Tom Albanese's head on a platter. But in the round, Jan du Plessis, Rio Tinto's chairman, seems to have negotiated a satisfactory finale to the tale of corporate woe that began with Rio's top-of-the-market acquisition of Alcan two years ago.

Rio risks a China crisis

Chinalco 'disappointed' as Rio abandons deal in favour of cash call and BHP alliance

Jeremy Warner: Rio Tinto ditches its Chinese connection

Outlook Now do keep up. A year is a long time in politics, to misquote Harold Wilson's famous remark, but it seems to be a positive aeon in the mining industry. Fast back 12 months and the commodities sector was still booming, with prices at record highs and Rio Tinto confident in its rejection of a generously valued bid from BHP Billiton.

Rio Tinto deal with Chinalco falling apart at eleventh hour

Mining group now looking at alternatives to $19.5bn alliance with China

Rio deal takes another turn as Chinalco reviews its options

Rio Tinto's tempestuous tie-up with Chinalco took another turn yesterday as the dual-listed miner's Australian shareholders called for changes to the controversial deal and sources claimed the Chinese group was close to a new plan.

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We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
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Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
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Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home