Week in pictures

The government's budget deficit lurched to a worse than expected £9.3bn last month, the worst ever June figure. It goes some way to explaining why the Treasury is said to be considering altering one of Gordon Brown's fiscal rules which states that net debt remain below 40% of national income. Read the article Photograph: David Levene/Guardian

New overseas investors including a Qatari sovereign wealth fund will own a 10% stake in Barclays after existing shareholders in the bank took up only 19% of new shares in a £4.5bn fundraising. Read the article Photograph: David Parry/Newscast

Alliance & Leicester, which last month agreed to a £1.26bn takeover by Spain's Santander, saw its first-half profits almost wiped out by the credit crunch. Profit before tax slumped to £2m, against £290m in the first half of last year. Photograph: David Sillitoe/Guardian

The company behind Budweiser is to be sold to the world's most fiercely cost-efficient brewer, InBev, makers of Stella Artois and Beck's, in a deal valuing the US business at $52bn (£26bn). The takeover of Anheuser-Busch creates a brewing colossus that will serve 65bn pints of beer a year, accounting for just over a fifth of the world market. Read the article Photograph: Jeff Roberson/AP

Hank Paulson, Goldman Sachs
Total remuneration: £119.9m (since 1999 or during length of service)
Bank market capitalisation (August 2007): £37.8bn
Bank market capitalisation (now): £24.6bn
Credit crunch hits (since August 2007): £19.4bn
Photograph: Getty

Crisis, what crisis? The world's big two commercial aircraft makers kicked off the Farnborough airshow with some $25bn in orders for new aircraft. Read the article Photograph: Lefteris Pitarakis/AP

The cost of living in the UK jumped last month to a 11-year high of 4.4% on the back of rocketing food prices Photograph: Graham Turner/Guardian

eBay has won a four-year legal battle with Tiffany over the jeweller's complaint that the online website amounted to a "rat's nest" auction of counterfeit watches, bracelets and necklaces. Read the article Photograph: Peter Kramer/Getty

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

Premier accelerated a costly factory closure and restructuring programme. It also declined to comment on rumours it was considering asking Sir Ridley Scott to direct a Hovis advert. Scott directed the acclaimed Bike Ride advert in 1973. Read the article Photograph: PA