Mervyn King: 'There were imbalances � but it was not entirely obvious where it would come unstuck.' Photograph: David Jones/PA.
When a major political payola scandal hit Brazil a few years back, a colleague and I had a friendly falling-out over which scam was the country's worst.
The value of the rouble plummeted again today as Russia announced its economy had shrunk for the first time in more than five years.
Pub chain JD Wetherspoon plans to create 15,000 new jobs and open 200 pubs over the next five years as the company expands its estate.
Britain's Prime Minister David Cameron (R) views vacuum design products with James Dyson at the Dyson headquarters in Malmesbury , south west England, November 21, 2014.