News

Istanbul aggressively increased its overnight lending rate to 12% from 7.75%

Japanese leadership ballot set to split ruling party

The Japanese Trade Minister Banri Kaieda has the lead in a ruling party race to pick the next prime minister, but a bruising run-off looks likely as chances of a majority win in a first-round vote are slim, media surveys showed yesterday.

Why the Fukushima disaster is worse than Chernobyl

Japan has been slow to admit the scale of the meltdown. But now the truth is coming out. David McNeill reports from Soma City

Sir David Michels quits easyJet board

The deputy chairman of easyJet, Sir David Michels, stepped down from its board yesterday, four months ahead of schedule.

Market Reports: 27/08/2011

New York

Wall Street posted its first weekly gain in more than a month as the Fed chairman, Ben Bernanke, left the door open for more stimulus measures. The Dow Jones ended up 134.72 points, or 1.21 per cent, at 11,284.54. The S&P 500 rose 17.53 points, or 1.51 per cent, to 1,176.80. The Nasdaq was up 60.22 points, or 2.49 per cent, at 2,479.85. For the week, the Dow rose 4.3 per cent and the S&P gained 4.7 per cent.

Japan's would-be prime ministers jockey for position as Kan resigns

It is fitting perhaps that the resignation of Japan's prime minister was greeted by Tokyo's worst downpour of the year. Like a steamy tropical storm, the pressure in Japan's capital has been building all summer.

Leading article: Britain's boardrooms have much to prove

It is just possible that the mere threat of legal action to force businesses to promote more women to top positions is having some positive effect.

Pyrrho seeks answers over bid for Business Exchange

There was a new twist in the long-running takeover saga around the office space provider MWB Business Exchange yesterday after a top shareholder called on the bidder to explain why it had failed to come forward with a formal offer.

Rival bidder throws hat in the ring for Charter

The race to acquire Charter International heated up yesterday after the tool maker said it had been approached by another suitor just weeks ahead of the deadline by which the buyout vehicle Melrose must make a formal bid for the company.

Market chaos: Gold and Yen offer investors safe haven

Investors are continuing to pile into safe havens of gold, the Swiss franc and yen as market turmoil persisted on Friday.

Advisers turn backs on shares

Stock market falls and worries over the world economy seem to have damaged the confidence of independent financial advisers (IFAs) in the role of shares in their clients' portfolios.

Healthcare Locums unveils rescue plan

Healthcare Locums has unveiled a rescue package that the troubled medical recruitment company hopes will enable it to solve its difficulties.

Stagecoach founders net £88m windfall

Sir Brian Souter and his sister Ann Gloag, the founders of Stagecoach, will receive £51m and £37m respectively from a scheme to return cash to shareholders unveiled by the transport company yesterday.

More people struggle with mortgages in the North

A north-south divide is developing among struggling homeowners, according to the ratings agency Standard & Poor's. Research involving 1.5 million mortgages held in the first quarter of the year shows that borrowers in the North of the country are 35 per cent more likely to be in arrears than those in the South.

Motorcycling: Radiation fears put Rossi off race

Seven-time world champion Valentino Rossi may miss the Japanese MotoGP Grand Prix because of radiation concerns following the earthquake and tsunami in March.

Japan's economy contracts for third straight quarter

Japan's economy contracted for a third straight quarter as consumer spending and factory production continued to suffer in the aftermath of the March earthquake and tsunami.

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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
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
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This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine