EUROPE 1:48pm

UK isolated as EU backs bonus cap

British Chancellor of the Exchequer George Osborne is pictured prior to an Economic and Financial Affairs Council on March 5, 2013 at the EU Headquarters in Brussels. The Council will take note of progress on a draft directive on bank recovery and resolution, a proposal that is part of a broader plan to establish a banking union. It will also examine a package of measures aimed at combating VAT fraud – the "quick reaction mechanism" and the "reverse charge mechanism" – and will be called on to adopt conclusions. ©AFP

Overwhelming support for clampdown

Changes in China

ASIA-PACIFIC 6:01am

China boosts defence spending by 10.7%

Double-digit increase in line with growth in recent years

From GLOBAL ECONOMY 10:11am

Wen issues China growth warning

Outgoing premier says 7.5% GDP target will be ‘hard to attain’

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AFRICA 2:13pm

Kenyatta leads Kenya election tally

Technical glitches mean only 41% of results declared

EUROPE 4:26pm

Belgium’s finance minister resigns

Fragile coalition could face new political crisis

Features spotlight

an Iranian vendor sells pistachio in Tehran's old main bazaar, Iran. ©AP

Iranians are going nuts at soaring pistachio prices

Sam Brownback, governor of Kansas ©Getty

Kansas governor plants tax revolution seeds in the US

LATIN AMERICA & CARIBBEAN 5:43am

Chávez hit by ‘severe’ respiratory illness

Venezuelan president struggling after cancer surgery

Activist Demonstrate Against High Cost Of College Education In U.S. ©Getty From GLOBAL ECONOMY 1:00pm

Student debt is a drag on US recovery

Fears that high loans will slow economic growth

Residents leave their village in Tanjung Labian on March 5 2013 near Tanduo, where Malaysia launched an assault with fighter jets bombing the standoff village followed by a ground assault by troops ©AFP ASIA-PACIFIC 6:47am

Malaysian air strike hits Filipino rebels

Assault poses electoral challenge for Najib

Iranian novelist Mahsa Moheb-AIi MIDDLE EAST & NORTH AFRICA 1:31pm

Women at vanguard of writing about Iran

Novelists battle censors and falling readership to get voices heard

Ballet dancers perform during a rehearsal of "Le Corsaire" at the Bolshoi Theatre in Moscow,...Ballet dancers perform during a rehearsal of "Le Corsaire" at the Bolshoi Theatre in Moscow, March 5, 2013. A suspect was detained on Tuesday over an acid attack that nearly blinded the artistic director of Russia's Bolshoi Ballet and put a spotlight on infighting at one of the world's great theatres. REUTERS/Sergei Karpukhin ©Reuters EUROPE 12:45pm

Moscow police detain Bolshoi suspect

First arrest in case of gruesome acid attack on director

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Analysis

Alchemist's Workshop, by Jan Van der Straet ©Getty

The banking industry has high hopes for Wall Street’s latest idea - ‘collateral transformation’

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Urban demographics Kenya’s affluent are seeking premium goods as a new market looks set to take off

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