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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.

Davos Diary: JD, CEO JPM, coins LOL acronym

Jamie Dimon, the CEO of JPMorgan Chase, is widely admired as a banker but it looks as if his marketing skills still need a little honing. Dimon professes himself unhappy with the official description of the plan for an orderly wind-up of a failing bank as a "resolution scheme". He wants to call it the MDBFBDB plan instead. It stands for "minimal damage bankruptcy for big dumb banks". We get the point, but it's not the catchiest of titles.

Police probe Davos hotel blast

A small blast shattered two windows but caused no injuries at a hotel near where top business and political leaders are attending the World Economic Forum.

David Prosser: Turning inwards won't benefit any of us

Davos Outlook It would be unfortunate, however, if the polarities observed above were to translate further into confrontation. For while the World Economic Forum is a well-intentioned, collegiate endeavour, it does not reflect the increasing failure of the world's economic superpowers to co-operate for the mutual good.

Soros warns PM: cuts will lead to recession

George Soros has warned David Cameron that he must do an about-turn on his austerity measures – or face plunging Britain back into recession. The international speculator spoke out last night as the World Economic Forum got under way in Davos, Switzerland. He warned that a mixture of tax increases and spending cuts were "unsustainable".

Tackle soaring unemployment before deficits, G20 nations told

The world's leading economies were accused yesterday of abandoning millions of people to long-term unemployment by failing to organise a co-ordinated response to job losses in the way they confronted the financial crisis .

Davos Diary: Peace through prosperity...

Klaus Schwab, the founder of the Davos get-togethers, has almost messianic status among delegates to the World Economic Forum's meetings in Switzerland each year, and some would do almost anything to get on the right side of him. Still, how credible is the campaign being waged in the corridors of the Davos Congress Centre to nominate Schwab for the Nobel Peace Prize? We all know it's economics that makes the world go round, but still.

Business Diary: Osborne picks his date carefully

We're not saying that George Osborne isn't particularly bothered about meeting Fleet Street's finest, but the Chancellor's invitation to drinks at 11 Downing Street may not attract quite as many top economics scribes as one might expect. They were invited for this evening, hours after many of them will have departed by aircraft for the World Economic Forum's shindig in Davos, which is due to begin tomorrow. Still, at least the drinks bill should be kept to a minimum, a happy bonus during these times of austerity.

Margareta Pagano: Radical reform is the only way to save banking

The last time I met Professor Larry Kotlikoff was over dinner at the London School of Economics nearly a year ago, after he gave his first riveting lecture in Britain explaining why he's so convinced the financial system needs drastic reform.

World 'unable to handle any future shocks'

The ability of governments to respond to future shocks is at "critically low levels" after the battering of the credit crisis, according to a report from the World Economic Forum (WEF), the organiser of the Davos summit of political and business leaders. Its annual risk assessment gives warning that the unprecedented peacetime debts racked up by governments as they fought to restore growth have left the global economy in a precarious position.

The Essential Skiing Guide: Switzerland

Most of Switzerland's resorts are traditional villages accessible by efficient rail and bus services from its airports.

Forget 'Cool Britannia'. 'Rule Britannia' will bring in tourists, says Cameron

Exit Cool Britannia, re-enter Rule Britannia. David Cameron has held out the hope of attracting millions of tourists to rebuild the economy by concentrating on Britain's history.

Never mind the men, will mums take to Gillard

Australia's new Prime Minister is used to male sexism, but the 'soccer moms' could be a problem

Queen Rania: 'Injustice is a symptom'

Klaus Schwab, founder of the World Economic Forum, has called for a revamp of world groups such as the G20, the UN and the World Bank to improve international cooperation.

Barroso: We need a stronger union in economic policy

European Commission President Jose Manuel Barroso today vowed to press on with stronger economic policy co-operation after today's "unprecedented" agreement to stabilise the single currency.

Women still missing out on top jobs at world's largest companies

Women 'remain scarce in senior management positions', report reveals
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Emergency call 'started off dumb, but got pretty serious'

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Argentinian scored 'rabona' wonder goal for Tottenham in Europa League – see it here

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The cartoon produced by Bruce MacKinnon for the Halifax Chronicle-Herald on Thursday, showing the bronze soldiers of the war memorial in Ottawa welcoming Corporal Cirillo into their midst
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peopleFox presenter gives her less than favourable view of women in politics
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Funds raised from the sale of poppies help the members of the armed forces with financial difficulties
voicesLindsey German: The best way of protecting soldiers is to stop sending them into disastrous conflicts
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The Edge and his wife, Morleigh Steinberg, at the Academy Awards in 2014
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One bedroom terraced house for sale, Richmond Avenue, Islington, London N1. On with Winkworths for £275,000.
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Nigel Farage has backed DJ Mike Read's new Ukip song
voicesNigel Farage: Where is the Left’s outrage over the sexual abuse of girls in the North of England?
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Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker