World sleepwalking to another financial crisis, says Mervyn King

We should not pretend banking system is safe, says former Bank of England governor Larry Elliott: The global economy needs to change fastThe world is sleepwalking towards a fresh economic and financial crisis that will have devastating consequences for…

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US economy adds fewer jobs than expected amid global recession fears – business live

Rolling coverage of business, economics and markets as investors focus on chances of Federal Reserve interest rate cutsBP chief executive Bob Dudley to retire after a decade at helmCity regulator threatens to ban automatic insurance price risesJohn Lew…

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A watershed moment for women as Alison Rose takes charge at RBS

Appointment as CEO gives Britain a chance to take a great leap forward for women at senior levelsAlison Rose’s elevation to the top job at RBS, where she will succeed Ross McEwan as chief executive, is cause for celebration.Never before has the UK had …

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Federal Reserve cuts interest rates, and earns another blast from Trump – as it happened

The US Fed votes to cut interest rates for the second time this year, but president Trump wants more Jerome Powell gives press conferenceLatest: Trump says Fed has no gutsBreaking: Fed cuts rates by 25 basis pointsBullard wanted deeper cut; George and …

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Central banks were always political – so their ‘independence’ doesn’t mean much | Larry Elliott

The separation of monetary and fiscal policy serves the neoliberal status quo. It won’t survive the next crashIndependent central banks were once all the rage. Taking decisions over interest rates and handing them to technocrats was seen as a sensible …

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The Federal Reserve must be honest about Trump’s trade war

US central bank risks reputation with Americans if it pulls its punches with the White HouseWilliam Dudley, the immediate past president of the Federal Reserve Bank of New York, recently stirred up a hornet’s nest when he called for the Fed to consider…

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Markets edgy as Fed’s Jerome Powell makes key speech – business live

Rolling coverage of economics, business and markets as the Federal Reserve chair speaks at Jackson HoleBREAKING: China unveils tariffs on US goods worth $75bnRBS and Santander rapped over PPI failuresInvestors in Kevin McCloud’s projects told they face…

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