Business week in pictures

A 1963 Chrysler Turbine concept car. America's third-largest car manufacturer, Chrysler, has declared itself bankrupt after a handful of creditors withstood pressure from the Obama administration to forgive billions of dollars in debt, casting a cloud of uncertainty over tens of thousands of jobs at factories, suppliers and dealers. After round-the-clock negotiations broke down, the 83-year-old Detroit ­carmaker put its future in the hands of the courts, despite an 11th-hour deal with Italy's Fiat to pool ­technology in building new vehicles Photograph: Transtock/Corbis

Union workers stage a protest against Bank of America's CEO Ken Lewis. He was ousted as chairman of the bank's board in a knife-edge vote as shareholders scored a dramatic victory in a protest sparked by the costly purchase of the Wall Street brokerage Merrill Lynch Photograph: Emmanuel Dunand/AFP/Getty Images

Citigroup and Bank of America have both been told that they must raise billions of dollars of extra capital, according to a report that suggests the financial crisis is far from over Photograph: Yuriko Nakao/Reuters

The Land Rover LRX. An £800m emergency package for Jaguar Land Rover is in doubt because of wrangling between the Treasury and Lord Mandelson's business department Photograph: PR

The UK's only wind turbine manufacturing plant is to close, dealing a humiliating blow to the government's promise to support low-carbon industries. Vestas, the world's biggest wind energy group, said that it would close its Isle of Wight facility, which employs about 700 people and makes blades for wind farms in the US Photograph: PR

BP has reported a slump in sales of solar panels and falling profits at its alternative energy division - it said that solar sales during the quarter would generate 15MW of power, down from 34MW in the same period in 2008, reflecting ongoing weak demand in the market Photograph: Luke Macgregor/Reuters

Aerial view of bank buildings including Barclays and HSBC in Canary Wharf, London Docklands, looking towards the Isle of Dogs. City bankers are to reap nearly £7bn in bonuses this spring even though the government has been forced to pump tens of billions into the banks to prevent them collapsing Photograph: David Levene

Hundreds of people queue for jobs at a Londis supermarket on St Stephens Green in Dublin. The number of people claiming unemployment benefit in Ireland rose to 11.4%, according to figures, as a leading thinktank said the country's once-booming economy was contracting faster than any other in the developed world Photograph: Niall Carson/PA

Shell has pledged to continue with its controversial tar sands projects but has been forced to consider far-reaching cost cuts to keep the operations going after they lost $42m (£28m) in the last three months Photograph: Jeff Mcintosh/AP

Jumpsuits and playsuits, along with harem trousers and colour block clothes, have propelled profits at Asos beyond City forecasts. The online fashion retailer once again bucked the economic trend, reporting 'buoyant' trading over the past month despite the deepening recession Photograph: PR

Home Retail Group, owner of Argos and Homebase, warned that the weakness of the pound could push up prices of non-food goods as sourcing costs for retailers rise by up to 10%. At the same time it predicted another year of sharp sales declines at its chains Photograph: Andrew Winning/Reuters