News

The Bank of England’s flagship policy of forward guidance on interest rates will “evolve” next month, Mark Carney said yesterday, as he sought again to dampen expectations of an imminent rate rise.

Johnson attacks 'bewildering' bonus for RBS chief

London Mayor Boris Johnson joined condemnation of the near-£1 million bonus for RBS boss Stephen Hester, saying he was "at a loss to justify" the scale of the payment.

Simon English: No Dave – it's time to muddle through

Outlook: The time for action is now. We must be bold. Tinkering won't cut it anymore. Yes, yes. Politician gives speech. Hurray to good things. Boo to bad things. Film at 11.

Bill Gates announced a $750m fund to fight Aids, TB and malaria in Davos yesterday

Hair shirts mix with tailored variety at Davos 2012

Frugality and philanthropy are key themes for the super-rich this year, says Ben Chu

No military action against Syria‎, says David Cameron

David Cameron expressed hope today that Syrian president Bashar al-Assad would leave office this year.

Finance planning role for Gordon Brown

Gordon Brown has landed a plum job at the World Economic Forum (WEF), the influential network of businessmen, politicians, economists and academics that holds its annual meeting in Davos.

Brown ready to bounce back with lucrative job as adviser

One year after an uncomfortable general election campaign which saw him lose power after almost three years as Prime Minister, Gordon Brown could soon land a plum international job.

Business Diary: WEF blacklists Gaddafi's boy

More bad news for Saif Gaddafi, the Libyan leader's son. As if the small matter of the uprising over dad's leadership isn't enough to worry about, the World Economic Forum, best known for its annual shindig of power brokers in Davos, Switzerland, has dropped him as one of its "Young Global Leaders". That means no more invites to Davos for the foreseeable future, which may come as something of a relief to the Swiss. Their relations with Libya have been strained since 2008, when the Geneva authorities briefly locked up Hannibal Gaddafi, Saif's brother, on charges of mistreating his servants.

Davos ends with promise for poor

Business leaders rounded off this year's World Economic Forum with a call to make sure the poor benefit more from any global economic revival.

Osborne predicts 'turmoil' if cuts scrapped

Britain would be in "financial turmoil" if the Coalition abandoned its deficit reduction plan, and has no alternative but to follow it through, George Osborne warned today.

Osborne tells Davos: Firms must spend

George Osborne, the Chancellor, has urged cash-rich British companies to start spending and investing again in order to get the country's stalling economic recovery back on the road.

US Treasury head: UK-style cuts will hinder recovery

Timothy Geithner, the US Treasury Secretary, painted the world a reassuring picture of a recovering global economy yesterday, but warned that it was too early to begin cutting budget deficits – a message that is in stark contrast to the approach taken by the British Government.

Cameron and Osborne seek to move the agenda forward

David Cameron, the Prime Minister, and George Osborne, the Chancellor, yesterday sought to put the two biggest economic controversies of the Coalition Government's term in office behind them, insisting that their austerity measures would not derail the recovery and that Britain's banks would play their part in seeing the upturn accelerate.

Time is starting to run out on Doha trade talks

The Prime Minister used his visit to the World Economic Forum yesterday to launch a new initiative he said he hoped would focus the minds of countries around the world on finally getting a deal from the Doha round of world trade talks.

Clegg tells rest of world not to panic over Britain's slump

Nick Clegg, the Deputy Prime Minister, yesterday refused to accept that this week's disappointing economic growth figures were an indication that austerity cuts were damaging Britain's recovery from recession, launching an unapologetic defence of the Coalition Government's policies.

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