The US created far jobs than expected in January and the unemployment rate dropped to 8.3 per cent, delivering a jolt of good news for the global economy

Equities and commodities benefit from robust US employment data with the FTSE All-World index at its best levels since start of August

Michael Klein, the former Citigroup head of investment banking, helped mediate talks over the proposed merger

Israeli officials fear that Tehran’s nuclear programme is fast becoming immune to military attack, despite the effectiveness of US and EU sanctions on Iran

Russian company in dispute with European Union as it says countries demand more than it is contractually obliged to deliver

The European Commission, ECB and IMF want more cuts in government jobs and reductions in Greek salaries before agreeing the new rescue

GSK’s success with the traditional British drink is leading consumer groups to make a push into Asia’s third-largest economy

Thomas Jordan, acting head of Swiss National Bank and thrust into the limelight after his boss’s swift departure, promises to continue radical policies

Joaquín Almunia, EU competition commissioner, plans to change the ground rules for state aid to cut irrelevant cases, target resources and free up manpower

US Federal Reserve chairman said the pace of the economic recovery remains “frustratingly slow” and “the sluggish expansion has left the economy vulnerable to shocks”