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From COMPANIES 11:39pm

P&G brings back veteran Lafley as chief

Procter & Gamble ©Bloomberg

Embattled Bob McDonald stepping down immediately

A gas burner of a stove is pictured in London, on July 31, 2008. British energy firm Centrica said Thursday that net profit surged 79 percent to 1.802 billion pounds (2.286 billion euros, 3.569 billion dollars) in the first half as it charged more for its gas and electricity to fight soaring wholesale costs."Centrica once again delivered a good financial performance during six months when wholesale natural gas prices in the UK were on average more than double those in the same period of 2007. ©Getty From UK 7:30pm

The day UK had six hours’ gas left

Low storage levels and persistent cold to blame, says official

From COMPANIES 12:27am

Google faces fresh inquiry from FTC

Regulators are probing the display advertising market

From WORLD 6:39pm

EU rushes out tax transparency law

Brussels seeks country-by-country profit figures

From UK 8:14pm

MI5 faces inquiry into intelligence on suspects

Alleged soldier killers were on security service files

From MARKETS 6:24pm

Market bulls run into the sand

Japan starts falls on fears over easing and China

More UK news

World Podcast: Reading Russia

Vladimir Putin ©AFP

From Syria and spy scandals to energy diplomacy and regional politics, what is Putin’s strategy?

Flags of the EU member states fly in fro...Flags of the EU member states fly in front of the European Parliament in Brussels on July 19, 2012. Eurozone finance ministers will hold a teleconference on July 20 to finalise a Spanish bank bailout deal, Luxembourg prime minister and Eurozone President Jean-Claude Juncker said. Eurozone governments have pledged an aid package of up to 100 billion euros ($122 billion) for Spain's debt-mired bank sector. puknews ©AFP From COMPANIES 6:28pm

Spain’s banks face €10bn more provisions

Central bank presses lenders on ‘extend and pretend’ loans

mario draghi ©AFP From UK 10:31pm

Draghi calls for ‘more European UK’

Deep financial ties between eurozone and Britain, says ECB head

a waitress using a whistle to free her way while carrying traditional one-litre "Masskrug" beer mugs ©Reuters From COMPANIES 8:02pm

Dispute brews up over German shale search

Brewers fear pollution of their pure water sources by fracking

A U.S. Air Force MQ-1 Predator unmanned aerial vehicle assigned to the California Air National Guard's 163rd Reconnaissance Wing flies near the Southern California Logistics Airport in Victorville, ©Reuters From WORLD 9:31pm

Obama rewrites rules for drone strikes

Pentagon to take lead on limited programme

Multimedia Comment

gavyn davies

Gavyn Davies Falling inflation complicates Bernanke’s QE exit plan for Fed

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