High street records strongest sales growth for three years - but stores slashed prices to persuade consumers to part with their money. By Ashley Seager.
Chief of US's second largest bank orders a wholesale review of its investment banking operation after admitting that its performance was 'not acceptable'during the summer's global crisis in the credit markets. By Andrew Clark in New York.
Shares in England football shirt-maker soar 27% despite increasing likelihood that national team will not make it to Euro 2008 finals. By Graeme Wearden.
News Corp head wants to move the Wall Street Journal beyond its financial roots and target mainstream competitors such as the New York Times. By Bobbie Johnson in San Francisco.
With wives now entitled to half of their husbands'pensions, experts are predicting a glut of divorces among the middle-aged. By Justin McCurry in Tokyo.
Lobby groups from France, Germany and Italy are stepping up pressure on G7 finance ministers to agree measures this weekend to stop the single currency rising and hitting the European economy. By David Gow in Brussels.
The Bank of England reveals for the first time that it refused to offer £30bn of subsidies to a bidder for Northern Rock at the height of the crisis facing the Newcastle-based bank.
The west will fail to combat global warming unless it can convince deeply sceptical poor nations that the fight to reduce carbon emissions will not come at the expense of poverty reduction, Robert Zoellick says.