Smash hit

It's a definite case of déjà vu

Surrendering control of the City to the French in return for a nonentity's non-job is one of the biggest fiascos since Suez

‘Sovereign guarantee is now meaningless’

Dubai's loans used to be arranged on a 'nod and a wink' with an assumed state backing. Now that presumption has gone

Federation born amid rivalry of ruling families

Dubai is not controlled by a council of equals but an alliance of families or tribes - and Abu Dhabi calls the shots

US manufacturing slows in November

While rate of growth in manufacturing sector slows, the signs are encouraging, according to Institute for Supply Management

Bank's Posen calls for housing bubble taxes

The MPC's Adam Posen says taxes on property should rise in line with price inflation to stop boom and bust

Manufacturing slows sharply in November

Latest survey of British industry shows signs that industrial output could be about to peak despite rising new orders

House prices moderate to 0.5 per cent rise

The rate of recovery in Britain's housing market is beginning to slow, with the average home now worth £162,764

Australia raises rates for third month in a row

The Reserve Bank of Australia raises interest rates to 3.75 per cent in a move to keep inflation under control

To spend, or to save: that is the question

Figures show that consumers are choosing to pay down their debts and are not spending as much as the Government had hoped

'UK risks slumping into full-blown debt crisis'

Economists from Morgan Stanley fear that Britain could be the first G10 country to face a fiscal disaster

ON-THE-SPOT: maintaining the mirage in Dubai

Life continued as normal in the emirate as a news blackout buried any hint of an impending financial apocalypse

India's economy beats growth forecasts

Output grew by 7.9 per cent compared with the same period a year earlier — much greater than the 6.3 per cent forecast

Sliding service sales spark double-dip fears

Britain’s service-sector companies, regarded as engine room of the economy, report unexpected drop in sales

Opening with a joke is not easy when you’re the MPC

The sixth-formers distilled a detailed analysis of economic data into a 15-minute presentation to the Bank’s panel

Central bank takes hard line on Dubai

United Arab Emirates sets up emergency liquidity fund to bail out floundering state to prevent run on local banks

China will take a generation to catch West

By 2040-50, China will have more people aged over 65 than the entire predicted population of the US

Guardian angel who bites back

Director of CBI Scotland Iain McMillan on fighting the business sector’s corner