Obama makes historic visit to Hiroshima

US leader calls for world without atomic weapons at site of their first use

Yellen points to summer rate rise

Fed chair says move likely in ‘coming months’ if data hold up

US growth at start of 2016 revised higher

GDP revision shows that economy has withstood global volatility

Japan falls deeper into deflation

Weak data follow Abe’s warning on global economy

Stocks move higher despite oil’s retreat

Yellen points to summer rate rise

Gawker fight pits Valley against media

Case raises questions over how tech elite wields power

IMF economists re-examine ‘neoliberalism’

Is the fund throwing darts at wider area of economic orthodoxy? 

Venezuelans resort to looting as food shortages bite

Scarcity of basic goods threatens to worsen social unrest

Equity fund outflows pass $100bn in 2016

Further $9.2bn shed in week ending May 25 despite brighter data

Isis surprise attack wins Syrian rebel territory

Significant push toward Turkish border threatens supply corridor

Trump puts fossil fuels at US energy core

Candidate says regulating fracking would leave US begging for oil

Valeant shares rise on Takeda-TPG bid talk

Japanese drugmaker and private equity firm reported to have made offer

Comment & Analysis

Diamonds illustration
©Shonagh Rae

Spending in the age of Snapchat

‘One of the most powerful forms of conspicuous consumption today is not the accumulation of goods but the accumulation of memories’

Chinese firms’ financial outlook worsens

Credit ratings suffer record deterioration, says Moody’s

Daniel Justus in Buchanan Countyin Virginia, pweekend
©Matt Eich

The boy who escaped Trump country

Buchanan County, Virginia, gave Donald Trump his highest share of the Republican vote

Conversation starters: Comments from our readers

"For a bonus system to work, the measurable outcomes should not be known by the employee so that, theoretically anyway, they would be expected to apply maximum effort and standards throughout their work. The basis being, it is difficult to game a system if you don't know what to game. Of course the need for transparency renders that a non-starter!"
By Trecar on Burger flippers deserve bonuses, bankers do not



"Perhaps banks should think about letting out office space to their staff rather than simply giving it to them 'for free'? This would encourage optimal space use, better working from home etc. if you priced it right you could ensure only the most productive employees could afford to come in to network with management. And you could claw back that ever pesky headcount cost."
By protestantethic on Bankers set to share desks as part of London space-saving moves


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