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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Editor-At-Large: The giving sector is a mess – and that's being charitable

David Cameron wants us to give more to charity – an admirable goal most of us would endorse. Last week he talked of "nudging" the public into giving more by pressing a donation key at cash machines, or by "rounding up" the total when we pay a bill. Critics say that Dave's Big Society is doomed, but I'm not so cynical.

Pay of Britain's top earners 'set to spiral'

The pay of the country's top earners is set to "spiral" to levels not seen for decades, with the public having no confidence that the Government or business can do anything to tackle excessive pay, a report said today.

Exclusive: Salaries for top executives are rocketing 'out of control'

A new investigation shows pay inequality is accelerating in Britain, with top bosses set to earn 215 times the average wage by 2020. It also demolishes the arguments they put forward to support their astonishing incomes

Appeal court orders search of Galloway's charity papers

Civil servants have been ordered to reconsider disclosing thousands of documents relating to a fund run by former MP George Galloway during Saddam Hussein's regime.

David Prosser: Lessons for Britain from the Galleon insider trading scandal

Outlook It took the jury three weeks, but in the end, the Feds got their man. And in securing a guilty verdict on each count levelled against the hedge fund boss Raj Rajaratnam, the US District Attorney Preet Bharara has sent a powerful message to Wall Street. Despite their protests that the line has become blurred, financiers should be perfectly capable of distinguishing between investment research (legal) and privileged information (illegal). Those who cross the line should expect to find investigators emboldened by this verdict.

David Prosser: It's only half-time in the battle against the banks

Outlook: Much of the criticism that Sir John Vickers' report faced yesterday concerned his failure to do something he was never asked to do – prevent bank failures

More fathers jailed over child support

Prison terms increasingly given for maintenance debts, but critics say policy is counterproductive

Minimum wage is on the rise

The national minimum wage is to increase by 15p to £6.08 per hour from October. The below inflation rise of 2.5 per cent, which matches the recommendation of the Low Pay Commission, was criticised as "modest" by TUC general secretary Brendan Barber.

Gay couple end hotel payout claim

A homosexual couple who successfully sued the Christian owners of a hotel who refused them a bed are withdrawing a claim for more compensation, the Equality and Human Rights Commission said today.

Mary Ann Sieghart: We've been blackmailed long enough

In other walks of life, people take pride in their work because of what they do, not because of what they are paid

Player at heart of betting scandal reveals illegal gambling is rife

Andy Mangan, who served FA ban, says envy of Premier League lifestyle drives corrupt practices in lower divisions

Simon Read: If you want some financial advice, don't go to the bank

Barclays announced this week that it is to stop offering customers financial advice in branches. That's bad news for the 1,000 or so members of staff who may lose their jobs as a result, but it's without doubt good news for consumers. Why? Because banks have long since been the wrong place to turn to for decent financial advice.

Apprentice contestant avoids jail

A former contestant in Lord Sugar's hit The Apprentice was given a suspended sentence for fraud today.

Dire state of care homes for the elderly is only going to get worse, says top inspector

Head of Care Quality Commission says spending cuts will severely harm an already ailing system

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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