What happens when one of the world’s largest banks reports a multi-billion dollar loss? The stock shoots up, of course. The "Citi applause was premature," says Antony Currie at BreakingViews.com.

Click here to read another brilliant piece written by Anatole Kaletsky at The London Times. "There is, however, another apparent consequence of the credit crunch that is less understood and is causing consternation and anxiety, especially in China and other developing countries. This is the upsurge in oil, food and commodity prices, many of which have almost doubled since the credit crunch began last August, even though the causal linkage between soaring commodity prices and a collapsing supply of credit remains obscure."

When Muslims become Christians: There’s a widespread belief that the penalty for leaving Islam is death – hence, perhaps, the killing of a British teacher last week. But Shiraz Maher believes attitudes may be softening.

British politics is missing out on the potential of new media, says The Economist.

Another week, another round of late-night monologues and political jokes.