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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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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
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11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

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Di Maria and Ronaldo: A tale of two Manchester United No 7s

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Robert Fisk: No victory for Israel despite weeks of devastation

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Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

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America’s new apartheid

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