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Yellow ribbons have been put up around the married aid convoy driver’s home town in his memory

Lord Malloch-Brown: The fear is that G20 will commit our money but avoid reform

What was an arcane area left to officials to prepare before a G8 summit has suddenly got heads of government's attention. If you think of most of the summits in the past, they showed up a little embarrassedly, almost because they didn't necessarily want to explain to constituencies back home why they were going off on these trips which were often subject to criticism for high living or whatever was supposedly being associated with them. But now suddenly in the run-up to this summit you see a group of world leaders acting as sherpas and using the political platform as they would on a domestic political issue to try and take a position.

Fears of bank exodus sparked by FSA reforms

City bankers fear that regulatory reforms to be revealed by the Financial Services Authority this week could force banks to quit London unless other countries agree to adopt the new standards too.

China's warning to the US: Honour your commitments

Beijing comments fuel fears China could offload its dollar reserves

Larry Summers: Can he make the sums add up?

They don't come much cleverer than Barack Obama's main economic adviser. Now the world waits to see if his ideas are smart enough to save us

Lord Stern on global warming: It's even worse than I thought

Author of definitive report on climate change sounds ominous new warning

'Great Recession' nears as G20 splits

A "Great Recession" was predicted yesterday by the director-general of the IMF, Dominique Strauss-Kahn. The IMF chief explained that the economic data has worsened since January, when the IMF forecast global growth of 0.5 per cent this year, kept positive by relatively bullish performances from emerging nations such as China and India – the advanced economies are already predicted to decline.

World Bank warns on developing countries

Global recession could blow a $700bn hole in developing countries’ abilities to pay for imports and meet debt obligations, the World Bank is warning. With economic activity set to contract worldwide for the first time since World War II, trade forecast for fall at its fastest rate for 80 years, and industrial production set to decline by 15 per cent, emerging economies face major difficulties.

Leading article: We need to support our East European neighbours

Members of the EU must stand together in this economic whirlwind

Douglas Alexander: If we want to help the poorest, the World Bank must be reformed

When the World Bank was established, those countries borrowing substantially from it – the countries of post-war Europe – had a major say in the running of the organisation. Today, in areas ranging from strategy, policy and budget to the detail of operational issues, the voice of the poorest must again be heard. So we look to the London summit in April to recognise the need and agree principles for reform at the World Bank. And alongside the articulation of principles, we need a clear process for putting them into practice.

UK attacks American grip on World Bank

The United States’ stewardship of the World Bank should be ended and the institution given a major overhaul, Douglas Alexander, the International Development Secretary, will say today.

Jeremy Warner: Indian IT takes a further knock

Outlook Recent events have dealt the Indian IT services sector, the subcontinent's biggest industrial success story of recent years, a triple whammy. First there was the meltdown in global financial services, the outsourcing sector's biggest single customer group. Then came the terrorist atrocities in Mumbai. Outsourcing relies heavily on regular, face-to-face contact between contractors. The deliberate targeting of foreigners by terrorists has made some US and European companies wary about the necessary travel to India. Even a year ago, it was virtually impossible to find a room for the night in Bangalore. Today, the hotels are virtually empty.

Professor Sir Alan Walters: Economist and adviser to Margaret Thatcher whose monetarist ideas defined her reign as Prime Minister

Alan Walters' career exemplifies what Hegel called "the cunning of history": accidental and incidental factors interact with "necessity" in unexpected ways to create new, hard realities. Greatness was thrust upon him when Margaret Thatcher, then wrestling with her tangled inheritance of economic chaos as Prime Minister of a government which was not of her mind, decided she needed her own personal economic adviser. She appointed Alan Walters, whom she had met and learned to appreciate some years previously. Walters lived up to the challenge to an extent that few would have predicted. His two-year stint at No 10 added a dimension of economic doctrine, logic and consistency to the largely instinctual Thatcherite canon.

China makes biggest cut in interest rates for 10 years to allay crisis

The Chinese government made its biggest interest rate cut for more than 10 years yesterday in an attempt to weather the global economic storm eroding demand for the country's exports.

The Bottom Billion, By Paul Collier

According to Paul Collier, a former director of development research at the World Bank, the world's poorest people – the bottom billion – are trapped. While most countries appear to be rising out of poverty there remains a group of nations for which change seems impossible. Concentrated in Africa and Central Asia, these nations have seen a decrease in living standards in recent years. The average life expectancy of those living in them is 50 years, rather than 67 as it is in other countries; 14 per cent of children die before their first birthday, as opposed to four per cent elsewhere.

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Hell, yeah: members of the 369th Infantry arrive back in New York
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Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee
World War Z author Max Brooks honours WW1's Harlem Hellfighters in new graphic novel

Max Brooks honours Harlem Hellfighters

The author talks about race, legacy and his Will Smith film option to Tim Walker
Why the league system no longer measures up

League system no longer measures up

Jon Coles, former head of standards at the Department of Education, used to be in charge of school performance rankings. He explains how he would reform the system
Valentine's Day cards: 5 best online card shops

Don't leave it to the petrol station: The best online card shops for Valentine's Day

Can't find a card you like on the high street? Try one of these sites for individual, personalised options, whatever your taste
Diego Costa: Devil in blue who upsets defences is a reminder of what Liverpool have lost

Devil in blue Costa is a reminder of what Liverpool have lost

The Reds are desperately missing Luis Suarez, says Ian Herbert
Ashley Giles: 'I'll watch England – but not as a fan'

Ashley Giles: 'I'll watch England – but not as a fan'

Former one-day coach says he will ‘observe’ their World Cup games – but ‘won’t be jumping up and down’
Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Fortitude and the Arctic attraction: Our fascination with the last great wilderness

Magnetic north

The Arctic has always exerted a pull, from Greek myth to new thriller Fortitude. Gerard Gilbert considers what's behind our fascination with the last great wilderness