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new bridge in France
The world's highest bridge, in France's Massif Central region, is inaugurated by President Jacques Chirac

EdF chief unveils strategy with focus on Europe
Pierre Gadonneix, Electricité de France chairman, has set his sights on a European strategy, even though this will incur financial commitments of up to €56bn over three years. 22:24 | Read
German probe targets Citigroup
US investment bank could face lawsuit 22:14 | Read
Chevron lifts oil planning price to $20-$30
US group cites ‘structural’ change in energy market 17:36 | Read
Dissident reduces Corus stake
Usmanov makes over £150m from share sale 20:03 | Read

Bondi to sue Italian banks for €1bn
Shifting focus to domestic banks 17:56 | Read

Wall St yawns as Fed lifts by quarter point

Wall Street shrugged off an increase in interest rates on Tuesday by the US Federal Reserve and news of a record trade deficit to edge higher by mid-afternoon. Trading was lifted by merger talk and an upbeat report on the chip sector. 21:35 | Read

Treasuries gain as Fed eases inflation fears
US Treasury bond prices recovered early losses after the Federal Reserve raised rates as expected but did not play up inflation concerns as some had feared. 20:56 | Read

US economic policy Requires subscription
Bush’s new deal
Bush and domestic issues
President Bush will meet business leaders and economists at an “economic summit” in Washington on Wednesday. But behind the scenes, a fierce argument is brewing over his plans for an overhaul of Social Security and for sweeping tax reform - which together amount to a remaking of America's social contract. 21:21 | Read

Comment & Analysis More 

Why Iraq’s Shia demand January elections
Iraq elections
The Sunni Arab push against January’s Iraqi poll is not about the injustice of foreign occupation. If it were, Shia, Kurds and moderate Sunni would join the fight. It is a function of Iraq's sectarian struggle, says journalist and author Bartle Bull . 20:22 | ReadRequires subscription
London Stock Exchange users must be heeded
LSE London Stock Exchange
Any successful merger will reduce choice in the market. Users and investors will therefore require tangible benefits in return, writes Angela Knight CEO of Britain’s Association of Private Client Investment Managers and Stockbrokers. 20:44 | ReadRequires subscription
Credible policies will break dollar's fall
The recent decline is best seen as a wake-up call for governments to tackle global imbalances and strengthen their own economies, writes Raghuram Rajan, economic counsellor and director of the research department at the IMF. 20:13 | ReadRequires subscription

Europe More  Requires subscription
French ban thwarts Hizbollah TV
Iraqi's watching tv
The international ambitions of al-Manar, the satellite television station owned by Shia militant group Hizbollah, suffered a setback when a French court gave Eutelsat 48 hours to end the station’s broadcasts. 17:51 | Read
Business life More  Requires subscription
Michael Skapinker: Long live IBM
Michael Skapinker
If economies are not to stagnate, new companies have to spring up and old ones have, occasionally, to disappear. But we all lose something when old companies go. That is why we should learn from the survival of IBM. 18:48 | Read
World More 

Fed raises interest rates by a quarter point to 2.25%  00:03 | Read

EU yields to Paris and Berlin on stability pact   18:21 | Read

Regulator warns Moscow on 'war against busine class=dateGreySmall>19:59 | Read

Poll shows Japan’s hardening attitude to China  08:14 | Read

Business More 

Symantec in advanced talks to acquire Veritas   20:10 | Read

Vodafone and Verizon deny Sprint speculation  23:33 | Read

PCCW in talks to sell stake to China Netcom   19:57 | Read

Oil group CAO asks creditors to keep it afloat   22:14 | Read

Markets More 

Wall St yawns as Fed lifts by quarter point   21:35 | Read

Dollar gain surprise as US trade gap widens  19:37 | Read

Treasuries gain as Fed eases inflation fears  20:56 | Read

US cold weather forecast lifts crude  20:28 | Read

Europe business More 

EdF chief unveils strategy with focus on Europe   22:24 | Read

Battle for Novar shows strength of 'fire' industry  20:35 | Read

Bondi to sue Italian banks for €1bn   17:56 | Read

Brio ousts chief executive   17:35 | Read

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