Visitors view Gerhard Richter's 'Domplatz, Mailand (Cathedral Square, Milan)'

A 1968 oil painting by German artist Gerhard Richter sold for $37 million (£24 million) at Sotheby's contemporary art auction - a new record for a work by a living artist.

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Next year, when private schools must detail public benefit activities, some will shine

Sixth-formers at Millfield School in Somerset are being urged to contribute to a Leavers' Scholarship to fund bursaries for children from families who cannot afford the fees. Now in its second year, and modelled on American Ivy League fund-raising methods, the scheme is one of hundreds of initiatives launched after the 2006 Charities Act underlined the need for private schools to demonstrate the public benefit they provide in return for charitable status.

Brown admits Hain's campaign team was guilty of incompetence

Gordon Brown admitted last night that Peter Hain's campaign was guilty of "incompetence" over undeclared donations to his deputy leadership campaign but insisted he would be cleared of wrongdoing.

China expels 500 from party over illegal births

Chinese Communist Party cadres defy the country's one-child policy at their peril. Family planning officials in the central province of Hubei have expelled 500 party members for breaching the rules.

The Week Ahead: Carphone struggles with broadband demand

It has now been a month since Charles Dunstone put the cat among the pigeons by offering a "free" broadband service to anyone willing to sign up to Carphone Warehouse's "TalkTalk" service. Since then, anecdotal evidence suggests that it has not all been plain sailing, with potential customers reporting technical difficulties in signing up and insufficient numbers of trained staff unable to cope with demand.

James Lawton's Media Diary

The day I sent my piece to a brewery

Captain upbeat despite 'workmanlike' effort

Andrew Flintoff's natural instinct is to accentuate the positive and it was no surprise that he should hail England's six-wicket victory over Sri Lanka at Edgbaston as a significant moment. Yet he accepted that his team could have made shorter work of a touring side currently suffering one of its leaner phases.

The King (15)

There are moments of genuinely disquieting strangeness in James Marsh's feature debut, a southern Gothic about secrets tragically withheld. Its brooding atmosphere can be partly attributed to co-writer Milo Addica, who also co-authored Monster's Ball and Birth; this guy is plainly a specialist in the dysfunctional American family.

Brown to raise minimum wage above £5 barrier

Gordon Brown will announce that the minimum wage is to rise above the symbolic £5 mark for the first time in a Budget expected to launch Labour's election campaign.

Football: Inside football: Reports highlight divisions in game

Task Force verdicts from supporters and football authorities emphasise conflicting priorities between business and the needs of local communities

Letters: Taxes and trust

Sir: Commenting on William Hague's proposed cut in the higher rate of income tax ("At last, Labour's rivals make politics more interesting", 16 August), you accuse the centre-left think tanks of an "absence of effort, let alone output" in producing new ideas for Labour. In our case at least this is a surprising criticism, since we are working in precisely this field.

Nic Cicutti's Personal Finance column

LIKE MILLIONS of home buyers in the Eighties, I took out a with- profits endowment to pay the capital off after 25 years. I expect it to deliver a tidy sum when it matures in about nine years' time.

OFT's third way might just work

Maybe it is the silly season but personal finance keeps making the front half of the papers, rather than being tucked away inside the Sport section as usual. (A big welcome back this weekend to those fickle readers who abandon this part of the paper during the football close season).

Please don't let me be mis-sold a dud

Allegations of mis-sold investments and tirades against unfair mortgage contracts have been plastered all over the front pages of the papers (and the facing page here) in recent weeks. This is more than just coincidence.
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Watch out Watford: Here comes the secretive Bilderberg Group

Watch out Watford: Here comes the secretive Bilderberg Group

A meeting of global power brokers in a Hertfordshire hotel is exciting conspiracy theorists, but what are they really about?
'The ultimate all-in-one home entertainment system': Microsoft finally unveils its Xbox ONE console

'The ultimate all-in-one home entertainment system'

Microsoft finally unveils its Xbox ONE console
Plenty of Fish dating site founder pulls 'Intimate Encounters' option to ward off sleazy men

Plenty of sleaze

Dating website pulls intimate 'hook-up' section to curb harassment
Inferno author Dan Brown 'honoured' to be invited to join the Freemasons

The Freemasons’ Code

Dan Brown reveals the message that told him door to the lodge is open
Not secure any more: G4S boss heads for exit at last

Not secure any more: G4S boss heads for exit at last

Nick Buckles survived the Olympics débâcle and a £5bn bid fiasco but a profit warning finally triggered his downfall
How to say ‘I’m a sellout’: Tumblr’s David Karp’s message of reassurance to his staff sounded very familiar

How to say ‘I’m a sellout’

Tumblr’s David Karp’s message of reassurance to his staff sounded very familiar
Why clubs are keen to take a stand

Why clubs are keen to take a stand

There's a real desire around the grounds for safe standing. But will the authorities listen?
In the end the fans decided Tony Pulis had made a pig's ear of the job at Stoke City

In the end the fans decided Tony Pulis had made a pig's ear of the job at Stoke City

Disillusion with a siege mentality and negative playing style made change inevitable
James Lawton: The James Hunt I knew is the subject of a new F1 movie

James Lawton: The James Hunt I knew is the subject of a new F1 movie

British driver was fascinating man whose epic duel with Niki Lauda in 1976 was typical of an era of glamour and glory – but also the ever-present threat of death
Stuart Hogg: Ready to climb his own Everest

Stuart Hogg: Ready to climb his own Everest

Lions' cub, 20, joins long line of players from Scottish borders club Hawick given opportunity to make his mark at highest level
Carl Froch handed rare chance of revenge with dream rematch

Steve Bunce on Boxing

Carl Froch handed rare chance of revenge with dream rematch against Mikel Kessler
'There is a battle going on inside us that is never discussed'

Masculinity in crisis?

'There is a battle going on inside us that is never discussed'
Have US shock jocks gone too far?

Have US shock jocks gone too far?

An incendiary remark from Rush Limbaugh may be the beginning of the end for outspoken right-wing US broadcasters
The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North

The ‘Beverly Hills’ of Surrey

Elmbridge pays more income tax than big cities of the North
Heavenly Bodies

Heavenly Bodies

Michael Landy's artistic marriage made in heaven... and hell