HSBC could announce more job cuts on Wednesday, when investors will be told that the chief executive, Stuart Gulliver, will push ahead with plans to produce a leaner, more streamlined bank.

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Moral majority take on GSK and Merck over cancer drugs

Pharmaceutical giants Merck and GlaxoSmithKline are gearing up for a bruising showdown with America's religious right after the US medicines regulator approved a new blockbuster cervical cancer vaccine last week.

Scientists find skydiving secret of wingless ants

A SKYDIVING ant has won the accolade of being the only wingless insect known to be capable of controlled flight. Scientists found that when they tossed worker canopy ants out of a tree they gracefully glided back to the same tree with incredible accuracy.

Blind sailors set off around the world

As a dozen or so friends and well-wishers cheered and clapped, Scott Duncan and Pamela Habek edged their boat from its pier in San Francisco and set off to circumnavigate the world - an intrepid enough challenge for any sailor but especially daunting for two who are legally blind.

Cuba breaks Panama links over death plot

Cuba severed diplomatic relations with Panama on Thursday over a decision by the Panamanian President, Mireya Moscoso, to pardon four Cuban exiles who had been convicted for their part in an assassination attempt on the Cuban President, Fidel Castro.

Racing: Attraction to continue on winning way

Sophistication makes its annual appearance on a Newmarket racecourse this week with the advent of the July meeting on the July course, the antidote to the spartan surroundings of its bastard cousin, the Rowley Mile, just up the road.

US relinquishes control over Panama Canal

PANAMA WILL soon have full sovereignty over its territory and the crowds came out to cheer yesterday. The Spanish King Juan Carlos, six heads of state and beribboned dignitaries from all over Latin America gathered in the isthmus to witness the ex-US president Jimmy Carter hand over the Panama Canal.

numbers: 98, 99...

Cuenca, Ecuador

The Essay: The `Fantome' menace

A year ago, the sailing ship `Fantome' tried to outrun one of the most powerful hurricanes this century. None of the 30-man crew on board that day has ever been found. Simon Worrall tells their tragic tale

TRAVEL YOUR QUESTIONS: The obsessive traveller

Cutting costs

YELLOW FEVER

They went digging for their fortunes. But most found only poverty, mud, cholera and racial hatred. One hundred and fifty years later Sasha Abramsky reveals how the Californian Gold Rush of 1849 shaped modern America

Leading article: Flower power

"THE WORLD'S greatest living masterpiece", the Chelsea Flower Show, comes into bloom again today. For all its slightly studied attempts to retain the elegance of its pre-Great War origins (the show dates back to 1913), the show remains deservedly popular because it displays some surprisingly modern and pluralistic features.

Arts: The Week in Radio: Khartoum to Paris by giraffe

MONDAY EVENING's Lamacq Live (Radio 1) featured The Stereophonics playing some convincing rock direct from the BBC Hippodrome Theatre at Golders Green. Steve Lamacq has the wisdom on these occasions to leave his guest acts alone with an appreciative audience and allow them to get on with the show uninterrupted. The result is invariably a session heard as the musicians want it to be heard, and The Stereophonics made good use of their allotted time. A powerful performance included the new single "Just Looking" and the much-overlooked "Local Boy in the Photograph". Lead singer Kelly Jones has a fine voice reminiscent of Jake Burns from Stiff Little Fingers, a band still going strong 20 years after they first emerged. With any luck, The Stereophonics will still be flying the flag into the next century.

Travel Maps: The Shopping Forecast

Gadget of the Week

Travel: To the ends of the earth

A hair-raising flight over forests and mountains deposits you in the remote Colombian town of Capurgana, an undiscovered paradise on the edge of the last great wilderness
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National archives: Edward VIII’s phone calls - and how MI5 bugged them

Edward VIII’s phone calls - and how MI5 bugged them

Newly unearthed papers reveal a shocking extra dimension to the constitutional crisis over monarch’s abdication
Sent down at the Old Bailey: A tour of the world's most famous court

Sent down at the Old Bailey

A tour of the world's most famous court
Hollywood's random acts of red-carpet kindness

Hollywood's random acts of red-carpet kindness

The Hangover actor Zach Galifianakis’s date for his movie premieres isn’t arm candy  – it’s his 87-year-old friend who he saved from homelessness
James Lawton: Sergio Garcia cracks as major fault line opens up again

James Lawton

Sergio Garcia cracks as major fault line opens up again
Dylan Hartley: Northampton have spent the season proving all our critics wrong

Dylan Hartley talks tough

Northampton have spent the season proving all our critics wrong
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