Chancellor George Osborne and Bank of England governor Mark Carney are mounting a joint exercise with the US to gauge the transatlantic response to the collapse of a huge multi-national bank.

Bundesbank president Jens Weidmann has said the room that governments have to stimulate growth through fiscal policy is often more limited than commonly believed.

An EU plan to label crude from the Alberta oil sands as dirty is unfair and could damage Canada’s bid to find new export markets, the Canadian resources minister said at the start of a mission to lobby against the idea.

The parents of an unarmed black teenager shot dead by a neighbourhood watch helper in Florida are leading a rally in protest at the lack of an arrest.