Banks under pressure to reduce interest rates
Pressure is growing on high street banks to pass on interest rate cuts to customers to stimulate the economy. The Bank of England yesterday made the shock decision to slash rates by 1.5 per cent to just three per cent, the lowest rate for half a century. The cut... [continued]
Richard Ehrman: Bank's desperate bid for relevance 
The Business Pages: All the latest on the financial crisis
Labour sees off SNP to hold Glenrothes
Labour has won a resounding victory the Glenrothes by-election, holding onto the seat which was widely expected to be won by the Scottish National Party, with a majority of almost 7,000. The result will give Gordon Brown a major fillip and indicates that his handling of the financial crisis... [continued]
The Mole: is Glenrothes the light at the end of the tunnel?
Obama faces up to realities
Barack Obama will make his first public appearance for 48 hours at a press conference in Chicago today as he begins the job of coming to terms with his new role as US President. He is expected to use the occasion to try and calm the euphoria that has followed... [continued]
Rahm Emanuel joins Obama administration
Alexander Cockburn: America is eager to stand tall again
In pictures: World cheers Obama victory
What they're saying about Obama
Charles Laurence: Euphoria in Harlem
UN investigates Congo ‘executions’
The UN is investigating reports that civilians were exectuted by rebels in the Democratic Republic of Congo during fighting in the eastern town of Kiwanja. At least 12 bodies have been discovered in the town, which was taken Tutsi by rebels led by Laurent Nkunda earlier this week. The town... [continued]
Will Self: Miliband postures in the heart of Congo's darkness
In pictures: Congo crisis
BA profits plunge 92 per cent
British Airways' profits have slumped a staggering 92 per cent as the financial crisis bites. The airline has announced pre-tax profits of £52m in the six month period to September - in the same period last year it recorded a profit of £616m. The carrier is still hopeful of making... [continued]
After the credit crunch, what next for the world?
Massive cocaine haul off Ireland
Irish police have seized more than one-and-a-half tonnes of cocaine worth around £405m from a yacht off the coast of Ireland in an operation involving Britain's Serious Organised Crime Agency and other European agencies. Three UK nationals aged between 44 and 52 were arrested after the 60-foot yacht, called Dances... [continued]
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