384183 13: FILE PHOTO: A crowd gathers to watch a side gusher on Spindletop Hill in Beaumont, Texas which was the site of the first Texas oil gusher, January 10, 1901. Beaumont, in the southeast corner of Texas, will host a day of centennial celebrations January 10, 2001 to commemorate the event as a historic and economic milestone. This year marks the 100th anniversary of the modern texas oil industry. (Photo by the Texas Energy Museum/Newsmakers)
©Hulton Archive/Getty Images

Opec to keep 30m barrel output target

Brent falls $6.50 to $71.25 after clearest signal yet from cartel

European bond yields hit new lows

Borrowing costs fall to historic levels on ECB sovereign debt hopes

China told $6.8tn in investment ‘wasted’

Ultra-loose monetary policy and lack of oversight blamed

Net UK migration surges 43%

Bulgarians and Romanians drive total to 260,000

Death comes to PD James at age 94

Author famed for Inspector Dalgliesh novels dies at home in Oxford

Stagecoach wins East Coast rail franchise

Consortium with Virgin to pay £3.3bn for eight-year contract

Cricket world mourns Phillip Hughes’ death

Game loses remarkable batting talent aged just 25

EDINBURGH, SCOTLAND - SEPTEMBER 18: A young girl has her photograph taken as people wait for a result outside the Scottish Parliament as voting in the referendum continues on September 18, 2014 in Edinburgh, Scotland. After many months of campaigning the people of Scotland today head to the polls to decide the fate of their country. The referendum is too close to call but a 'Yes' vote would see the break-up of the United Kingdom and Scotland would stand as an independent country for the first time since the formation of the Union. (Photo by Christopher Furlong/Getty Images)
©Getty Images

Scotland to get tax and welfare powers

Smith unveils cross-party proposals for devolution

Draghi steps up push for economic union

ECB calls for eurozone states to hand more powers to Brussels

Oil price slide hits energy bond investors

Nearly a third of junk-rated energy debt classified as distressed

Johnny Coca, Creative Director of Mulberry

Mulberry bags new creative director

Luxury handbag brand appoints Spanish-born designer

British embassy vehicle bombed in Kabul

Five killed as Taliban claims responsibility for suicide attack

Comment and Analysis

The UAE’s blacklist places it centre stage

Naming these groups creates suspicion around them and puts them on the defensive

Turbulent Mali tests French peace mission

If political talks fail, the country could become a quagmire for the international community

Singapore tests its success

Party founded by Lee Kuan Yew is seeking to keep the economic miracle alive but faces challenges

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