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My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.

Cardiff City manager Malky Mackay has been given a vote of confidence from owner Vincent Tan

Malky Mackay to seek assurances over Cardiff City future in meeting with Vincent Tan later today

The Bluebirds manager has had his future thrown into doubt after Tan dismissed Iain Moody to replace him with his son's friend Alisher Apsalyamov

Vincent Tan and Malky Mackay

Cardiff City to hold board meeting in wake of speculation around future of manager Malky Mackay

Earlier this week Iain Moody was removed as head of recruitment and replaced with a 23-year-old

Vincent Tan and Malky Mackay

Future of Malky Mackay under threat after Cardiff City owner Vincent Tan sidelines key assistant

Bluebirds' head scout replaced by 23-year-old friend of controversial club owner's son

Hamish McRae: With political calamities piling up, why are markets so keen on the US?

There is one concern that even optimists need to acknowledge. The US may, indeed, default

Buffett backs Canadian oil sands boom

Warren Buffett's Berkshire Hathaway is betting on Alberta's oil sands boom, buying a stake in the Canadian-based energy giant Suncor, according to regulatory filings.

IMF raises UK growth forecast but trade and output data disappoint

The International Monetary Fund partially reversed its previous cut to its UK growth forecasts yesterday, but weak manufacturing figures showed that the economy remains deeply unbalanced.

An adaptation of Charlotte Rogan's book The Lifeboat has Anne Hathaway attached to star in and produce

Screen Talk: Hello, Hathaway, we've a problem

Tinseltown Insider

The Co-op defended its banking business today

Lloyds denies Co-op deal pressure

Lloyds Banking Group bosses denied political pressure to accept the Co-operative Bank's ill-fated £700 million bid for its branches today, insisting they acted in the best interests of shareholders.

The Co-op has been under intense scrutiny after pulling out of a deal to buy more than 600 branches from Lloyds Banking Group

Co-op drafts in 'bad bank' boss to tackle its £1bn black hole

The Co-op today called in the boss of Britain's official "bad bank" to sort out its own troubled lender.

Co-op Bank said Tootell had been specifically appointed to lead the bank through the potential Project Verde takeover of Lloyds branches

Co-op bank boss quits as Moody's downgrades credit rating and raises spectre of 'external support'

Chief executive quits amid news that ‘external support’ may be needed to plug £1bn hole in balance sheet

The Co-op defended its banking business today

Q&A: Co-op bank's downgrade - should I be worried?

Should I be worried about my Co-op Bank account?

George Osborne's credibility may take another hit, after Fitch credit rating agency downgraded the UK's rating

Another blow for George Osborne as Fitch downgrades UK's credit rating

Agency worried by 'weaker economic and fiscal outlook'

Anthony Hilton: Credit rating agencies? You cannot be serious

The big change this week was that the UK was no longer rated triple A by the credit analysts at Moody's and there was apprehension at how the markets would react.

James Moore: It's not just the weather that's making homebuyers batten down the hatches

Outlook. Plus: Hiscox quits with a storming success; Pearson boss vows to stick with the FT

City refuses to panic over the loss of UK's AAA credit rating

The City refused to panic over the loss of the UK’s AAA rating today as shares headed higher and sterling avoided a major sell-off.

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Independent Travel
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 15 May 2015
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
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12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?