China growth slowest since 1990, Iran to add to oil glut and drone delivery is here

China’s economy grew at its slowest pace since 1990 last year but stayed within range of the government’s target, as growth in services such as finance and healthcare cushioned a slowdown in manufacturing and construction.

Inflation-adjusted fourth-quarter gross domestic product growth of 6.8 per cent puts the full-year figure at 6.9 per cent, broadly in line with Beijing’s target of “around 7 per cent” for the year. (FT)

In the news

Banks to boost bonuses Junior bankers can expect bonus increases of up to 10 per cent this year, according to recruiters and senior City of London bankers. The move comes amid an intense battle to retain younger talent. (FT)

Djokovic asked to throw match Novak Djokovic, the world number one men’s tennis player, has detailed how he was offered money to throw a match in 2007 when he was still a teenager. The revelation comes amid allegations that top players conspired to fix matches at Wimbledon and other leading tournaments. (FT)

Iran to add to oil glut The biggest price crash in a decade looks set to continue, with Iran announcing its return to the global oil market by ordering an immediate increase in production. Brent crude fell below $28 a barrel as Iranian tankers loaded with 50m barrels prepared to set sail following the lifting of US and EU sanctions. (FT)

Drone delivery is real When Amazon announced it, the service sounded like a publicity stunt. But Amazon Prime Air, as the online retailer is calling it, is all too real, and the company is now revealing details, including 30-minute delivery of parcels weighing less than 5 pounds. (Yahoo News)

Rise of the robots More than 5m jobs will be lost by 2020 as a result of developments in genetics, artificial intelligence, robotics and other technological change, according to World Economic Forum research. (Bloomberg)

Banning Trump not very British Donald Trump was variously described as “racist and misogynistic”, a “wazzock” and a “buffoon” at Westminster as MPs debated whether to ban a prospective US president from Britain. But apart from the diplomatic discomfort this might cause were Mr Trump to actually enter the White House, many MPs concluded that banning him would be counterproductive and — well — not very British.

It's a big day for

US banks Bank of America, Morgan Stanley and Goldman Sachs report earnings at a time of warnings from financial institutions. Last Friday Citigroup and Wells Fargo talked a lot about their exposures to the collapse in the price of oil. (FT)

Food for thought

Apathetic Britain For someone who is quite good at it, David Cameron is not very interested in politics. The real art of politics is accepting apathy and bending it to your purposes, writes Janan Ganesh. (FT)

Colour therapy A surprise bestseller highlights a soothing new passion for adults in Japan: colouring. It “provides a world that has no definite, complete forms and allows readers to express their thoughts,” says the publisher. The number of colouring books tripled last yearand workshops in libraries are in strong demand. (NAR)

David Bowie’s lesson for us all The fact Bowie’s music has lasted, while the political news of that time no longer concerns us, is a comforting reminder that — for most people, most of the time — political and economic news can be safely ignored, writes Gideon Rachman. “In peacetime it is personal, not public, events that define our lives.” (FT)

Video of the day

Davos 2016 — what to expect Gillian Tett asks FT writers what themes and stories they expect will dominate this year’s World Economic Forum in Davos. (FT)

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