Week in pictures: February 15

The cost of sending a text message abroad is likely to fall after the European telecoms commissioner, Viviane Reding, warned she would impose price cuts if mobile phone companies do not drop their charges. Read the story Photograph: Christophe Karaba/EPA

Inner London is the richest region in the EU's 27 countries, surpassing Luxembourg, Brussels, Hamburg and Ile de France. Read the story Photograph: Martin Argles/Guardian

Marks & Spencer shocked the City with a surprise admission that sales of clothing and food have fallen sharply in recent weeks as the economic downturn bites Photograph: David Sillitoe/guardian.co.uk

The world's largest collection of classic and silent movies has been put up for sale. Read the story Photograph: Deloitte & Touche

Bradford & Bingley investors continued to desert the bank despite backing from some of the largest financial institutions in the City for a £400m rescue deal Photograph: David Sillitoe/Guardian

The banking industry could push the world economy further into recession if it refuses to release funds, the governor of the Bank of England, Mervyn King, warned. Read the article Photograph: Martin Rickett/PA

Bart Becht, the chief executive of Air Wick manufacturer Reckitt Benckiser, scored a Ratner-style own goal when he described some of the group's brand innovations as 'very stupid'. Read the story Photograph: PR

Rupert Murdoch has set out plans to move the Wall Street Journal into the media mainstream in a strategy to halt its sliding commercial performance. (Read the article) Photograph: Mark Lennihan/AP

The great credit crisis has cost the world’s largest banks billions since it started in August 2007. UBS, the biggest casualty in Europe, admitted in early July that it faced further writedowns - estimated by analysts at $7.5bn (£3.8bn). It has already written off more than £18bn from its exposure to the US mortgage market. The losses cost chairman Marcel Ospel his job. Read the article Photograph: Graham Turner/Guardian