Week in pictures

America's fourth-largest bank, Wachovia, is raising $7bn (£3.52bn) through emergency fundraising as the sub-prime mortgage crisis in the US continues to reverberate through the banking sector. (Read the article) Photograph: Chuck Burton/AP

Eurostar reported a 21.3% increase in passenger numbers as the opening of St Pancras International station and debut of a £5.8bn high-speed link through south England lured more passengers to the cross-Channel train operator. (Read the article) Photograph: Lefteris Pitarakis/AP

Tesco unveiled record profits of £2.8bn, with underlying profit up 11.8% and group sales up 11.1% at nearly £52bn. The trading outlook was "not all gloom", said the chain, after recent suggestions that it has hit some bumps. (Read the article) Photograph: Newscast

Chief executives Andy Hornby, of HBOS, and Graham Beale, of Nationwide, leave Downing Street on Tuesday after meeting Gordon Brown to discuss the global economic crisis. (Read the article) Photograph: Cate Gillon/Getty

T is for Terminal 5: The chaotic opening of Heathrow's terminal 5 on 27 March was dubbed as a "national embarrassment" by the Commons transport select committee. More than 23,000 bags went missing and more than 500 flights were cancelled when the baggage system collapsed, despite a six-month training programme. Willie Walsh, BA's boss, apologised for the debacle – and admitted that the airline cut corners on its training Photograph: Peter Macdiarmid/Getty

Struggling sports retailer JJB, which is fighting to meet debt repayment deadlines, has revealed a further sharp fall in sales and warned that if it does not have a bumper new year sale it will miss profits forecasts Photograph: Newscast

Vendors at a wholesale vegetable market in Kolkata, India, where inflation jumped to a 40-month high of 7.41% this week, driven by higher prices for lentils, cereals, vegetables, steel and other metals. Photograph: Deshakalyan Chowdhury/AFP

JP Morgan Chase, the US investment bank which rescued Bear Stearns last month, saw profits halve in the first quarter and warned the economic environment would remain weak. (Read the article) Photograph: Chris Hondros/Getty

The top hedge fund managers pocketed more personal wealth last year than at probably any time in history, with George Soros (pictured) second in the league after earning $2.9bn (£1.5bn), behind John Paulson, whose pay packet in 2007 reached $3.7bn. (Read the article) Photograph: Suzanne Plunkett/AP

It was revealed that members of the Bank of England's rate-setting committee were split three ways at their last meeting. Although seven members of the MPC voted to hold rates, the meeting's minutes showed one member voted for a rise and another for a cut Photograph: Peter Macdiarmid/Getty

The Office Of Fair Trading has named 112 construction companies that it claims have colluded to inflate thousands of public sector contracts worth billions of pounds. (Read the article) Photograph: David Sillitoe/Guardian

The Somerfield name is set to disappear from the high street after the 880-strong supermarket chain's owners agreed to sell it to the Co-operative Group for £1.57bn. Read the article Photograph: Newscast

Milwaukee-based motorcycle firm Harley Davidson is cutting more than 700 jobs and slashing shipments of its iconic bikes after a fall in quarterly profits. (Read the article) Photograph: Frank Baron/Guardian

Royal Bank of Scotland chief executive Sir Fred Goodwin. The bank has strengthened its board with the appointment of three non-executive directors, including the deputy chairman of Northern Rock, in a move designed to pacify investors Photograph: Ben Stansall/AFP