Draghi and Fischer defend reform calls

Top central bankers reject claim they are too politicised

Amazon starts to book UK sales in Britain

Shift over Luxembourg deal brings revenues in reach of taxman

Isis in position to advance on Damascus

Some locals cheer beheadings of informants and state officials

BoE mis-sends Brexit email to press

Officials confirm research into impact of EU departure

Yellen expects US economy to strengthen

Fed chair points to rate rise this year if recovery continues

No ‘wall of love’ for Cameron at summit

European leaders warn UK PM over reform negotiations

Final salary pensions gap worsens

Regulator says £44bn of extra contributions have failed to narrow deficit

Actress Cate Blanchett poses on the red carpet as she arrives for the screening of the film "Sicario" in competition at the 68th Cannes Film Festival in Cannes...Actress Cate Blanchett poses on the red carpet as she arrives for the screening of the film "Sicario" in competition at the 68th Cannes Film Festival in Cannes, southern France, May 19, 2015. REUTERS/Regis Duvignau

EU offers stronger ties to eastern states

No new pledges over membership that would risk rattling Moscow

Russian retail sales and wages plummet

Fresh figures rock hopes of economic rebound

US Senate backs ‘fast-track’ trade push

Fight to provide legislation Obama needs now switches to House

Banks face possible further forex fines

NY regulator turns to abuse of markets by automated trades

Comment and Analysis

Illustration by James Ferguson of James Gorman
©James Ferguson

James Gorman

The head of Morgan Stanley on taking radical action on pay and the continuing attraction of Wall Street

Steve Hilton: out of step Tory guru

‘Hiltonism’ fed off the man’s inability to grasp a system he longed to control, writes Giles Wilkes

An illustration of Sepp Blatter
©Luis Grañena

Why Sepp Blatter is a genius

Fifa boss understood very early that there’s a new world order in which westerners don’t matter much

Best comments from our readers

"I think CDS desensitise lenders/arrangers to credit risk. It's like having a quickie divorce available after a drunken wedding in Las Vegas. Debt should be like a marriage with each party knowing it is to a large extent binding. Without the quickie "out" that CDS offer, credit risk would have been respected more and less credit would have been extended."
By Stuttgart88 on Credit derivatives deserve a revival but only if financiers grow up

"'Voters are, quite rationally, rather ignorant about politics.' Well, indeed. Which is why I always feel slightly uncomfortable when people accuse our representatives of being 'career politicians'. Since governing a developed country is a challenging job, who'd want an amateur politician?"
By Olaf von Rein on Why democratic elections are always flawed

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