Week in Business

A policeman puts out a fire at a protest outside the parliament building in Reykjavik after demonstrators showed their anger at the lack of punishment being meted out to the country's bankers for Iceland's financial crisis. Iceland agreed to reimburse the UK for £2.3bn paid to Icesave’s UK customers by the Treasury Photograph: Ingolfur Juliusson/Reuters

Barack Obama leaves Air Force One on his arrival at Andrews air force base, near Washington. About 3,000 midwestern factory workers at Hartmarx – the president's tailor – lobbied creditors to accept a $128m (£79m) buyout by a London-based private equity firm, Emerisque Brands Photograph: Jose Luis Magana/AP

Commuters wait for a train. The government was told by the Office of Rail Regulation that it would have to consider running trains with fewer carriages if funding was squeezed by the recession Photograph: Andy Rain/EPA

Vehicles outside LDV's factory in Birmingham. The van maker fell into administration when a prospective bidder failed to raise enough money, threatening up to 3,000 jobs at dealers and suppliers Photograph: Chris Ratcliffe/AFP/Getty Images

A Eurostar train leaves the Channel tunnel in Calais. The government promised to open up the so-called High Speed 1 railway line to a new operator, providing competition for Eurostar. Deutsche Bahn, the German national rail company, and Air France have expressed an interest Photograph: Geert Vanden Wijngaert/AP

Andy Hornby – who attracted the wrath of shareholders, MPs and unions for his role in the demise of HBOS – has been appointed chief executive at one of Britain’s best-known high-street names, Boots Photograph: Chris Ratcliffe/Rex Features

Scarlett Gowan demonstrates with Teddy and Little Jack outside the Lloyds Banking Group annual meeting. Lloyds has begun repaying the taxpayer after raising almost £4bn from investors in a share-placing Photograph: Danny Lawson/PA

Cheltenham & Gloucester's headquarters in Gloucester. Unions and MPs reacted with anger after Lloyds Banking Group announced plans to shut all 164 Cheltenham & Gloucester branches and cut a further 1,660 jobs Photograph: Matt Cardy/Getty Images

Keith Ludeman, chief executive of the Go-Ahead Group, whose railway franchises carry 900,000 passengers a day. Go-Ahead retained the Southern franchise with a £534m bid. It expects to meet tough revenue targets through a crackdown on fare-dodgers, making more space for cyclists at stations and running longer trains on overcrowded suburban services Photograph: Linda Nylind

Willie Walsh, chief executive of British Airways, talks to journalists before the Oneworld Alliance briefing at Iata's annual meeting in Kuala Lumpur. Walsh refused to rule out compulsory redundancies among the airline’s 40,000 staff after setting a three-week deadline to agree pay cuts and job reductions. BA’s annual report revealed Walsh pocketed an inflation-busting 6% pay rise last year Photograph: Bazuki Muhammad/Reuters

Strong sales of bikes – including a range endorsed by the Olympic gold medallist Chris Boardman – and tents helped Halfords shrug off the recession and report a 2% rise in profits Photograph: David Sillitoe for the Guardian

Cars pass the construction site of the Fontainebleau Las Vegas, Nevada. A futuristic $3.9bn (£2.4bn) casino development on the Las Vegas Strip, Fontainebleau declared itself bankrupt and halted construction work on the project, which was to boast 27 bars, open-air poolside gambling and 1,700 slot machines Photograph: Ethan Miller/Getty Images

A receptionist at Performance Chrysler Jeep Dodge dealership in Phoenix, Arizona, after Chrysler terminated franchise agreements with 789 dealers. Chrysler completed the deal to hand the bulk of its assets to Italy’s Fiat, freeing the 85-year-old Detroit carmaker from crippling debts Photograph: Joshua Lott/Reuters

Traders in the crude oil options pit at the New York Mercantile Exchange as the price burst through $71 a barrel. Alexei Miller, chairman of the Russian energy group Gazprom, reiterated last year's estimates that the price could reach $250 a barrel Photograph: Mary Altaffer/AP

Cranes on the London skyline. The National Institute for Economic and Social Research thinktank said the economy was on track to return to growth in the second quarter of 2009, six months ahead of the schedule mapped out by the chancellor, Alistair Darling, in his budget speech in April Photograph: Graham Turner for the Guardian

The European court of justice is to rule on whether Switzerland’s Lindt & Sprüngli chocolate bunny can be trademarked Photograph: Sarah Lee