Business week in pictures

The chancellor announced a novel 'credit easing' plan to help struggling businesses and avoid the risk of a second credit crunch Photograph: Christopher Thomond for the Guardian

Tube drivers in London will see their pay go over the £50,000-a-year mark under a four-year wage deal negotiated between London Underground and union leaders. Photograph: Dan Kitwood/Getty Images

Property data specialist Hometrack revealed that house prices fell by 0.1% in September, the 15th consecutive month of price falls Photograph: Simon Dawson/Bloomberg via Getty Images

Shell has fuelled armed conflict in Nigeria by paying hundreds of thousands of dollars to feuding militant groups, according to an investigation by the oil industry watchdog Platform, and a coalition of non-government organisations Photograph: George Osodi

The launch of the Mini London 2012 edition models, of which 2,012 will be produced ahead of the London 2012 Olympic Games. George Osborne gained some welcome relief on Monday as figures showed the manufacturing industry expanded slightly in September, the PMI hitting 51.1 Photograph: Matt Dunham/AP

Football fans will potentially be able to watch cut-price Premier League matches, after the European Union's highest court ruled on Tuesday that it is not illegal to buy set-top box decoder cards from foreign broadcasters. This will particularly affect pubs, which often buy these cards to broadcast football matches Photograph: Matthew Lloyd/Getty Images

After months of speculation about the iPhone 5, Apple chief Tim Cook took his audience by surprise by announcing instead the iPhone 4S, an updated version of the iPhone 4 described as "entirely new from the inside" Photograph: Kevork Djansezian/Getty Images

Ratings agency Moody's slashed Italy's debt rating by three points from Aa2 to A2, increasing pressure on European governments trying to contain the eurozone financial crisis Photograph: Filippo Monteforte/AFP/Getty Images

UK GDP was cut to 0.1% for April to June as consumers cut spending, fuelling fears that Britain could soon slip back into recession Photograph: Adrian Dennis/AFP/Getty Images

Newly appointed Swiss bank UBS CEO Sergio Ermotti. The fallout from alleged rogue trading linked to Kweku Adoboli continued apace on Wednesday when senior heads rolled in the investment banking division of UBS Photograph: Stefano Rellandini/Reuters

Victims of Bernard Madoff's fraud scheme are set to receive $312m (£202) this week as the trustee charged with recovering their cash sends out their first set of compensation cheques Photograph: Justin Lane/EPA

News of Steve Jobs's death drove the Apple share price down more than 5% in Frankfurt on Thursday morning Photograph: Emmanuel Dunand/AFP/Getty Images

The Bank of England took action to kickstart Britain's flatlined economy by pumping another £75bn into the banking system – more, and earlier, than economists had expected Photograph: Matt Dunham/AP