Rail unions consider offer in pay fight

Walkout suspended after employers make significant concessions

China brokers’ capital rush fuels margin-fed rally

Record fundraisings ploughed back into loans to invest in market

Oil price slide puts producers under pressure

Bankruptcies, debt defaults and rescue measures rise

Forex banks face more pain from US

US lawmakers challenge exemptions for managing retirement accounts

Land of heart’s desire: Shock of Irish gay vote

Result turns on its head the old stereotype of Ireland as a conservative nation

Emerging markets braced for Fed acid test

A Federal Reserve rate increase would shake up central banks

GSK chief given time to restore growth

Shareholders warn growth must ‘revive by next year’

UNITED STATES - MAY 02: Apollo 13, with astronauts James Lovell, John Swigert and Fred Haise aboard, was launched on 11th April 1970 on what was intended to be the third manned Moon landing mission. The mission had to be abandoned after an explosion in the Service Module just over halfway to the Moon. The astronauts returned safely to Earth after a forced trans-lunar flight. The astronauts are shown soon after their rescue still unshaven and wearing space overalls. (Photo by SSPL/Getty Images)

Yemen offensive sparks Saudi jingoism

New Middle East order feeds sectarian fervour

Romero beatified amid spiralling violence

Thousands have been killed this year amid escalating gang violence

Suffering Australian miners turn to pot

Resources groups swap mechanical diggers for medicinal marijuana

Migrant journeys end in fetid Libyan detention centres

Hopes of finding a new life end under guard of security forces

Comment & Analysis

Will eurozone ever regain its spring?

The buzzword is ‘hysteresis’, which is bad news for the jobless

Email off: a bid to demythologise work

New book argues for a three day working week and a maximum wage

Deutsche bucks trend to little advantage

It remains a full-service European investment bank in an unfriendly climate

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

Market-moving news and views, 24 hours a day

Sorry, Fast FT is unavailable at the moment