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.

Niall Fitzgerald favourite to take over chair of BP

Niall Fitzgerald, the deputy chairman of Thomson Reuters, has emerged as one of the favourites to succeed Peter Sutherland as chairman of BP when he steps down in April.

Double the fun on magic mountain

This season, Switzerland’s two stellar ski resorts, Davos and Klosters, have joined forces. All the better for quiet Klosters, says Adrian Mourby

Hamish McRae: Gliding away from the economic gloom

Davos has just had its week in the headlines, as even the most desultory consumer of news must have appreciated. But now the annual razzmatazz of the World Economic Forum is over; the captains and the kings – or at least the moguls and the prime ministers – have departed, and Davos is back to skiing.

Tibet protesters clash with police as Chinese PM arrives in Britain

Five demonstrators were arrested during scuffles with police outside the Chinese embassy in London yesterday as they called for freedom for Tibet. It was one of several protests planned during the visit of China's Prime Minister Wen Jiabao, who arrived in London on Saturday as part of a European tour aimed at improving trade between Europe and China and finding a way out of the global financial crisis.

Davos: The real story

It's all about freeloading fatcats and nothing constructive ever gets done. Right? Not quite. David Randall reveals the unexpected truth about the World Economic Forum

Fair oil price would be twice as high, Opec says

A "fair price" for oil is between $60 and $80 a barrel, the secretary general of Opec, Abdullah al-Badri, told participants at the World Economic Forum yesterday, up to twice as high as the current price in the market.

Economic summit: When Davos freezes over...

It is usually an opportunity for the rich and the powerful to pat each other on the back. Not this year, reports Sean O'Grady

Credit crisis diary: Lambert puts hisfoot in his mouth

Much mirth at the Treasury Select Committee hearings yesterday where Richard Lambert decided to lambast financiers who claimed to be able to "make gold out of stone or whatever it is... er... alchemy". "That's a bit unfortunate," pointed out the MP Sally Keeble. The CBI chief was sitting next to Jon Moulton, über-financier at Alchemy Partners.

Katy Guest: Put women in power, and save the nation a packet

It has been a difficult week for women who would like, in the face of all the odds, to remain optimistic about modern life in Britain. Our national treasures are becoming more lumpen – witness John Sergeant galumphing around a ballroom as Strictly Come Dancing sheds yet more of its talented women contestants, while images of David Beckham with nothing on are quietly withdrawn from circulation owing to some unforeseen consequence of the credit crunch. Meanwhile, the financial crisis is making gin and tonics more expensive. And it's November. So we really needed a report from the World Economic Forum to let us know that living as a woman in Britain at the moment is hardly a barrel of laughs.

<a href="http://blogs.independent.co.uk/independent/2008/11/keen-on-new-m-5.html">Keen on New Media: In defence of top-down leadership</a>

Klaus Schwab, the founder and Executive Chairman of the World Economic Forum, believes that our 20th century global institutions are out-of-sync with today's 21st century political and economic challenges.

Hands predicts step change as SWFs move in on banks' traditional markets

The credit crunch which has paralysed the buyout industry will create aftershocks in the financial markets on the scale of London's Big Bang in the 1980s, the British financier Guy Hands suggested yesterday.

A victim of Karzai's diplomatic game

The confirmation of the death sentence against Sayed Pervez Kambaksh by an ally of President Hamid Karzai, is no accident.

Blair set to take another lucrative position

Tony Blair, the former prime minister, is about to add Zurich Financial Services to his lucrative list of consultancies, according to rumours in Davos.

Little enthusiasm for Brown's plan to revamp IMF

The Prime Minister's proposal to give the International Monetary Fund (IMF) a primary role as an "early warning system" for the financial markets faces strong opposition from European and US regulators, it emerged at the weekend.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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'I’ll tell you what I would not serve - lamb and potatoes'

US ambassador hits out at stodgy British food
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A 'revolution' in TV gender roles

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Second-holiest site in Islam attracts millions of pilgrims each year
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'I like Orwell's writing as much as the next talented mediocrity'

Will Self takes aim at Orwell's rules for writing plain English
Meet Afghanistan's middle-class paint-ballers

Meet Afghanistan's middle-class paint-ballers

Toy guns proving a popular diversion in a country flooded with the real thing
Al Pacino wows Venice

Al Pacino wows Venice

Ham among the brilliance as actor premieres two films at festival
Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

Neil Lawson Baker interview

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The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

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The model for a gadget launch

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She's done pretty well, for a boffin without a beard

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Get well soon, Joan Rivers

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