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Gordon Brown is preparing to tear up his "golden rule" on debt in order to fund a massive spending spree to counter the looming recession, according to The Times.

The number of expatriate employees on international assignments has doubled over the last three years due to globalisation trends, according to Mercer.

Russell Investments has launched its OpenWorld fund range, designed to offer investment professionals access to high conviction external managers through a single manager platform.

Hector Sants, CEO of the FSA, is under fire at home as well as the office after his £3m plans to renovate a Victorian property have been slammed by local residents, the Daily Mail reports.

Advisory firm Towergate Financial has appointed former John Charcol chairman Ian Darby as its new chief executive.

Qatar has ranked highest of the Mena economies in the latest Global Competitiveness Index compiled by the World Economic Forum.

Zurich International Life has named Carlos Sabugueiro as chief executive of its Middle East and Africa operations. The firm has created the new position as it looks to extend its coverage of these markets.

Prudential International has introduced a guided architecture element to its Portfolio Account offshore bond.

Guernsey's intention to introduce a depositors' compensation scheme with a ceiling of £50,000 is a step closer, following a second technical group meeting on Wednesday.

Russia's financial crisis is escalating with lightning speed as foreigners pull funds from the country and the debt markets start to price a serious risk of sovereign default, according to The Telegraph .