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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.

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.

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.

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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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project