Even now, political leaders are advocating wholly orthodox approaches to managing deficits and currency volatility

Top-scoring universities to bail out rivals

England's best-performing universities will be "taxed" next year, in order to bail out their less successful neighbours, higher education funding chiefs revealed yesterday.

Profit-linked pay `fails to motivate'

Share ownership schemes and profit-related pay operated by the UK's top 100 companies often fail to deliver benefits in terms of greater employee participation and understanding of their firms' aims, according to a new report, writes Nic Cicutti.

Letter: It's there in black and white: the right to act solely in our interest over EMU is long gone

Hamish McRae talks a lot of sense but there is one thing he consistently gets wrong. In "The immoral deficits that tax our future" (Business, 17 November) he writes that a 3 per cent deficit "is not low enough to maintain deficits [I presume he meant debts] as a percentage of GDP, for hardly any European economies can consistently grow at 3 per cent". This is meant to be an argument against the Maastricht criterion.

Obituary: John Hillaby

Pedestrian was the last word to apply to John Hillaby, though he has been called the most celebrated pedestrian in England. Yet like his contemporaries, Clive Wainwright and Wilfred Thesiger, he was admired as much by armchair idlers as by the serious walking fraternity. Whether pacing rapidly through the streets of London or across the high moors of his beloved Yorkshire, his tall, spare figure was instantly recognisable, and even in his seventies he could leave younger men struggling in his wake.

US scientists link abortion to breast cancer

A single abortion can significantly increase the chances of a woman developing breast cancer, according to scientists in the United States, who claim that there has been a deliberate attempt to conceal the risk for more than 40 years.

This idea is a fat lot of good

Franchising: the format that has made Fatty Arbuckles fit for expansion will seek new converts at its national exhibition this week

The language minders

Andrew Baker looks at the Mr Fixit role of the foreign footballer's interpreter

The road to benefits is full of potholes

Graduation means time to face reality - financial demands that may come as a surprise to those unprepared for life outside university. Welcome to the joys of council tax, income tax and national insurance, and kiss goodbye to free prescriptions and dental treatment. In addition, as soon as you start to earn anything worthwhile, student loans will need to be paid back.

Why left sounds right to a babe in arms

Scientists have a new explanation for the age-old question of why mothers instinctively cradle their babies on the left.

New issues generate millionaire boffins

A computer software company with only 25 staff was valued on the stock market at pounds 30m yesterday after its shares rose to a 60 per cent premium on their first day of dealings.

Letter: Overreaction to the Internet

Sir: In his comment on the trial of the murderers of Daniel Handley, David Aaronovitch suggests several steps that could be taken to protect our children (17 May). Among them is: "Clean up the Internet".

Letter: Labour plans

Hamish McRae ("Markets think Labour may revert to type", Business, 5 May) makes some interesting points about Labour and the budget deficit, but his comparision between Labour's plans to keep the national debt at a constant proportion of GDP and the experience of the 1970s (when Labour ran a budget deficit of 6.9 per cent) is too simplistic.

The Human Condition: The quitter's guide to fitness

Most people want to get fit. Very few make it. If you want to stay the course, help is at hand. Eleanor Bailey offers a step-by-step plan

City talk: History suggests that Camellia has a future

Camellia (20p) is something of an oddity, but one that could well repay investors' patience. Unsung, certainly, but there are a core of followers for the tea plantations to fine art company. A big attraction, as one fan puts it, is that it is stuffed to the gunnels with hidden assets. Some of these are quite extraordinary, such as its collection of historical manuscripts, possibly worth millions. Items in the collection, range from Impressionist letters to original papers by Einstein, and love letters between Elizabeth Barrett Browning and Robert Browning. The shares have suffered in the past few days on poor figures from its associate company, Linton Parks. But with its hidden riches, the downside is limited. Although the company sees the manuscript collection as a long-term investment, it could well reward shareholders prepared to take a similar view. That, and the fact that it seems a well-managed business, suggests the shares merit a buy.

City Technology detects windfall

Two academics who bought their technology business from London's City University three years ago, are set for a multi-million-pound windfall when the company comes to the stock market in June.
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Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 17 April 2015
Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...