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Our cover this week looks forward to Britain’s general election on May 7th. The union with Scotland, Britain’s membership of the European Union and the global role of the City are all at stake. But our vote is decided by the economy. Best for Britain would be a second Conservative-led coalition under David Cameron
In criminal hands small drones could be a menace. It is time to find ways of forcing them out of the sky READ MORE »
Politics this week
At least 6,000 people were killed when an earthquake of magnitude 7.8 struck Nepal, one of Asia’s poorest countries. Aid agencies struggled to reach remote areas in Gorkha district, near the border with Tibet, where many more bodies are expected to be found. The tremor triggered avalanches on Mount Everest, killing 18 climbers SEE ARTICLE » MORE FROM: POLITICS THIS WEEK»
U.S. stocks closed down more than 1 percent on the last day of trade for April as investors weighed mixed economic data and continued weakness in the dollar.
The major indices closed below their 50-day moving averages.
The Nasdaq closed down 82.22 points, or 1.64 percent, at 4,941.42, recovering slightly from a 2 percent dip. Biotechs weighed on the index, with the iShares Nasdaq Biotechnology ETF (IBB) ending more than 3 percent lower.