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EU to tighten screw on Tehran bank
Bank Melli, Iran’s biggest commercial bank, is set to be banned from operating in the European Union under proposals in the final stages of discussion in Brussels
Opec trims 2008 global oil demand forecast
Opec trimmed its forecast for global growth in oil demand in 2008, the latest sign that record oil prices are slowing consumption in the industrialised world
Interpol calls Farc documents genuine
Interpol signalled that documents detailing links between Colombia’s Farc guerrillas and Venezuela were genuine, a move that could increase regional tensions and create a dilemma for the US over whether to put Caracas on its terrorist list
Analysis: Troubled by bubbles
Policymakers are looking at the idea of using regulation to prevent asset prices from getting out of line with economic fundamentals
Editorial Comment: Convene a summit on oil
A summit would not cause instant falls in prices, but an international response will achieve more than countries acting alone
Comment: Change is afoot for financial elites
Elites cede power only reluctantly and there are signs of an effort to stave off the beginning of the end of the golden age, writes David Rothkopf
Editorial comment: Monster-bankers
It may be true that bank regulators need a new set of teeth. But Germany’s political class clearly has a thing about the awesome beast that is capitalism
Comment: Nations must act locally
The spread of freedom of choice makes co-ordinated government harder, putting malignant forces at an advantage, writes Jeremy Greenstock
Signs of an end to soaring food prices
The UN’s Food and Agriculture Organisation price index, considered the best measure of global food inflation, saw its first decline in 15 months in April
Executive pay attacked as ‘scandalous’
European Union senior economic policymakers condemned the awards because they come at a time when ordinary employees are under pressure to accept modest wage deals
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