Global currency wars pose "a real threat" to economic recovery, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, warns.
In an interview with the BBC, he says currency disputes showed countries were not co-operating as well as they had during the financial crisis.
In recent weeks both the US and Europe have led criticism of China over its undervalued yuan.
Meanwhile, Japan has been forced to intervene to curb rises in the yen.
British bankers face EU cap on bonuses
City bankers are set to face much tougher rules on how much they can be paid from 2011, under rules being discussed by Europe's top regulator, the Telegraph reports.
The two-day gathering of the Committee of European Banking Supervisors (CEBS) is expected to lead to the publication within days of new guidelines on payment for financial sector workers.
The controls are thought to include upfront bonuses limited to maximum of 30% in cash, a cap limiting bonuses to a multiple of salary, and a deferment of 40% of bonuses over several years.
If confirmed the proposals would be the most dramatic clampdown on banking sector pay yet.
Industry sees continuing growth but fears slide
UK manufacturers have posted their sixth consecutive month of growth, taking the annual rate of expansion to a near-16 year high, but analysts fear the sector recovery may have peaked, the Scotsman reports.
Official figures yesterday showed a 0.3% rise in manufacturing output in August, slightly ahead of forecasts and following an upward revision of July's reading to 0.4%.
It pushed up the annual rate of growth to 6% from 5% in July, marking the fastest pace since the tail end of 1994.
The sector, which accounts for roughly a fifth of the economy, has been boosted so far by a weak pound and customers replacing stockpiles used up in the recession. The latter is seen as a temporary effect and is expected to reduce as the year progresses.
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