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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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Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
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Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
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Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
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People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

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Rosetta space mission voted most important scientific breakthrough of 2014

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Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
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Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

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Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

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Frank Warren: Boxing is back and winning new fans

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Jeb Bush vs Hillary Clinton

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Stockholm is rivalling Silicon Valley

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Crucified Santa: Urban myth refuses to die

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