The Manchester family behind the fast-growing Boohoo.com are now one of the richest in the country after selling a £240m stake in the website.
George Osborne faces a black hole of more than £20 billion in the public finances, according to official government economic models, the Financial Times reports.
'It does not look good for the bank at the moment'.
Satoshi Nakamoto, the developer credited with inventing bitcoin, is alive, well and living a hermit's life in California, according to Newsweek.
The number of American companies planning job cuts declined in February, with the bulk of layoffs seen in the financial sector.
Bank of America Merrill Lynch has hired Peter Guenthardt, previously of UBS, as co-head of Asia-Pacific global capital markets,