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Wanted Indian tycoon Mallya breaks silence

Vijay Mallya, former chairman of United Breweries Group, which owns the Kingfisher brand. Photographed in the Dorchester Hotel, London
©Charlie Bibby

Billionaire says he will settle debts at a ‘reasonable’ price

RBS losses double to nearly £1bn

Earnings hit by £1.2bn payment to Treasury to unblock dividends

Wall Street extends decline as mood sours

Yen hits 18-month high and gold price surges

Labour launches anti-Semitism inquiry

No place for any kind of racism in party, says Corbyn

WPP’s Sorrell defends £70m pay package

Chief says it reflects success at ad group that outperformed peers