Russia downgraded to ‘junk’ by S&P

Shift underscores dramatic economic deterioration

IAG seeks to quell Aer Lingus bid fears

BA owner says Irish airline to recommend deal if conditions met

Luxury downturn hits Foxtons’ commission

Agency suffers 26% decline as London property market slows

Microsoft warns over PC software unit

Shares fall nearly 4% after hours as shine is taken off cloud growth

US east coast braced for blizzard

Airlines cancel thousands of flights ahead of snowstorms

©Getty Images

US budget deficit to fall to 2.6% of GDP

Strengthening economy to boost government revenues in 2015

Facebook tries to get personal with video ads

Analysts believe site could gain up to $1bn revenue via targeted marketing

BP to freeze global salaries

Cap follows plunge in oil price

Russians accused of spying in New York

Bank employee and officials ‘tried to recruit US company staff’

London faces surfeit of expensive new homes

More than a decade’s supply being built for developers

Rough diamonds suffer hard times

Petra warns of credit squeeze and problems for polishers

Comment and Analysis

Whiff of panic over Britain’s fracking policy

Pre-election tactics must not undermine a sound energy strategy

Who trains ‘plug and play’ generation?

CEOs are transfixed by the prediction that US millennials are likely to have 15-20 jobs

Dollar rally only just getting started

Diverging policy pushes currency higher but tepid growth will take toll

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