Pope Francis has issued a some cost-cutting reforms within the Vatican

Pope says Catholic Church needs 'a heart of poverty, not a heart of a businessman'

Truth of the Gospel should be announced with 'simplicity and gratuitousness'

Emily Thornberry: Weak UK laws meant US took the lead in Libor scandal, she said

Labour plans a white-collar crime blitz to tackle financial mis-selling and fraud - with fines based on turnover

UK banks and businesses could face multimillion pound fines for defrauding their customers in a crackdown on white-collar crime to be announced by Labour.

Glencore investigated over '€120m tax-evasion'

Glencore has confirmed that it is being investigated by Italian financial police over tax evasion allegations involving its Sardinian subsidiary, the metals producer Portovesme.

The Obama administration has eased long-standing sanctions that have blocked American companies from selling mobile phones and other personal technology products to Iranian citizens, paving the way for ordinary Iranians to legally buy the latest Apple iPhone or Google tablet

US eases sanctions on sale of mobiles to Iran

The Obama administration has eased long-standing sanctions that have blocked American companies from selling mobile phones and other personal technology products to Iranian citizens, paving the way for ordinary Iranians to legally buy the latest Apple iPhone or Google tablet.

New City watchdog kicks off with £3m fine for JPMorgan

The new City watchdog issued a statement of intent today, slapping a £3 million fine on JPMorgan’s wealth management arm.

Manchester United's Wayne Rooney during an English Premier League soccer match

Old Trafford reception for want-away Manchester United striker Wayne Rooney uncertain

Sunday is certain to be a special occasion

Silvio Berlusconi’s four-year prison sentence was reinstated

Silvio Berlusconi faces parliamentary ban after tax fraud conviction is upheld

Three-time premier Silvio Berlusconi's endless legal woes have deepened considerably after a Milan appeals court confirmed his conviction for tax fraud - and raised the possibility that he will be forced to leave parliament.

US returns stolen $1 million Tyrannosaurus to Mongolia, as Asian nation builds 'dinosaur museum' in tribute to 70-million-year-old skeleton

The United States has returned a stolen, 70-million-year-old Tyrannosaurus skeleton to Mongolia.

GlaxoSmithKline faces inquiry over 'price fixing'

Fine could be as high as £2.6bn if competition rules were broken

Investigators examine Nicolas Sarkozy link to late Libyan dictator Muammar Gaddafi

Prosecutors have begun a formal investigation into allegations that the former President, Nicolas Sarkozy, took more than €50 million (£43 million) from the late Libyan dictator Muammar Gaddafi, it emerged.

GlaxoSmithKline

GlaxoSmithKline accused of deal to delay release of generic versions of anti-depressant drug

OFT says move denied the NHS 'significant' cost savings

The News Matrix: Thursday 18 April 2013

Senate blocks checks on gun owners

Oklahoma horse ranch a ‘front’ for drug operation

A multimillion-dollar horse breeding operation run from an Oklahoma ranch was actually a front by a notorious Mexican cartel to launder millions of dollars in drug money, prosecutors have alleged.

Regulator's tests to see if people are fit to work in City have 99.99% pass rate

In theory, the “fit and proper” test set by the City watchdog is a tough examination of the attributes of candidates whom banks put forward for the most sensitive of roles. But figures out yesterday reveal that nearly everyone passes. The regulator stopped just 30 applications from 227,000 – a rejection rate of only 0.013 per cent – in the last six years.

Prudential boss Tidjane Thiam awarded £7.8m pay package days after watchdog censure

Prudential boss Tidjane Thiam was today handed a £7.8 million pay package by the insurer, just days after he received an embarrassing censure from the Financial Services Authority.

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