The Bank of England will publish its latest quarterly outlook for the UK economy [Wednesday], with homeowners and savers alike looking for any indication of when interest rates may begin to rise. November this year or February 2015 remain the best guesses of economists with Britain's economic recovery to pre-recession levels after six years confirmed last month. But the economic recovery remains imbalanced with only the services sector back above its pre-recession peak. - The Daily MailThe United Nations has warned that a mass atrocity or genocide of refugees in the Mount Sinjar region of northern Iraq could still happen "within days or hours". The UN's special rapporteur who has been investigating the plight of 40,000 mainly Kurdish-speaking Yazidis who fled to the mountain fearing attacks from the extremist militants of the Islamic State (IS), said the world urgently needed to recognise the severity of the humanitarian crisis. - The IndependentLegal & General is to announce on Wednesday that it is leaving the Association of British Insurers (ABI), the industry's trade body. L&G, one of the UK's largest insurers, is expected to reveal the shock move after deciding it would be better placed to lobby for its interests if it was not a member of the ABI, which boasts 300 members and covers 90pc of the sector. - The TelegraphBritain's accounting watchdog has launched an investigation into Grant Thornton over its audit of London fire brigade strike breaker Assetco in another major embarrassment for the auditor. The Financial Reporting Council has begun an inquiry into the preparation of the accounts of AIM-listed Assetco two years after the struggling company sold off its UK business, ending its involvement in a contract that saw it provide emergency cover in the event of a walk out by London firemen. - The TimesShares in the video games maker King Digital lost close to a quarter of their value on Tuesday after it reported declining popularity for its phenomenally successful Candy Crush Saga. Reporting after the stock markets closed, the company said gross bookings for the quarter - a measure that tracks how much users pay for virtual items and other goodies on its games - fell to $611.1m from $641m in the previous quarter.- The GuardianDiageo's Ivan Menezes received a £7.8 million pay package in his first year as chief executive of the drinks giant, although it was almost £500,000 less than he picked up
in his previous role as chief operating officer. - The ScotsmanA Cyprus-based company that was paid $50 million by Frank Timis's African Minerals was partly owned by a former SAS soldier who was convicted of possessing explosives discovered as part of a money-laundering investigation. African Minerals called in corporate detectives after it was alleged that Mr Timis, the mining group's founder and executive chairman, owned a 25 per cent stake in GIO Cyprus, the company to which he approved the $50 million payment. - The TimesBC