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  • Breaking news

Principal content

Prodi quits after foreign policy defeat

Romano Prodi resigned as prime minister of Italy after a parliamentary defeat on foreign policy. His decision raised fears that Italy was returning to the days of short-lived governments and paralysis in policymaking.

US builds pressure on Europe over bases

Calls for tougher stance toward Kremlin

Goldman hands out bumper bonuses

Bank’s co-presidents awarded $53m each

Related content and features

Yen falls as BoJ raises rates

BoJ raises rates to highest level in a decade

Mittal predicts further round of mergers

Steelmaker reports 3.5% drop in income

Nintendo’s Wii outsells rival consoles

Opens big lead over Sony’s PS3

Democrats seize on UK troop cuts

’Stunning rejection’ of US surge policy in Iraq

US visit to Asia likely to shore up N-deal

Negroponte may visit N Korea

Battle for Capitalia nears showdown

Pressure mounts on Matteo Arpe

Heineken blames Australian drought for higher costs

Brewer predicts bill to rise by €180m

Lex

ABN under fire

If ABN’s management fails, there is now little question that the market, led by funds such as TCI, will pursue a more radical solution: dismemberment.

European view

Renault’s handling of suicides could be a test case

European comment

In the past four months, three of the carmaker’s employees have committed suicide – including two in the facility itself.

Markets

Bank of Japan

Richard Beales

The BoJ’s rate rise looks like the one that should have happened last month, when the bank surprised markets by keeping rates steady, writes Richard Beales.

Analysis

Flaws in Lula’s plan could condemn Brazil to mediocrity

Brazil

A massive programme of infrastructure spending to boost growth has raised fears that Brasilia’s fiscal discipline may be weakening.

Comment

Hong Kongers should be given the vote now

Guy de Jonquieres

A politically tin-eared government presides over a citizenry that displays a steadily growing political consciousness, writes Guy de Jonquières.

Editorial comment

Unconventional oil: Think of volumes, not the quality

Oil pipe

For decades, doomsayers have warned we are running out of oil, while economists have said demand spurs supply. Both may be right.


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Apollo’s offer for Countrywide

Sarah Spikes

Sarah Spikes considers whether the US private equity firm’s offer is enough.

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Richard Waters

Tech blog: The revolution under way in the guts of the web

Reverberating Russia

Gideon Rachman

Gideon Rachman on the aftershocks from Putin’s Munich speech

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