News

Shares fell as much as 14% in early trading after company warned on 2014 profit outlook

End of the railroad for the $1bn old boys' club

For years, no one could understand why such a huge proportion – 97 per cent – of Long Island Railroad workers retired on disability benefit. Now the brazen secret is out, and the perpetrators are facing jail. David Usborne on a spectacular scam

Album: Bonnie 'Prince' Billy, Wolfroy Goes To Town (Domino)

The stark landscape of Will Oldham's album is the musical equivalent of King Lear's blasted heath (indeed, in "New Whaling" the protagonist is a monarch of sorts laid low by his own urges).

Madoffs in suicide bid after fraud

The wife of disgraced financier Bernard Madoff says the couple tried to kill themselves after he admitted stealing billions of dollars in the largest Ponzi scheme in history.

Khodorkovsky was to be freed today but will stay in jail until 2016

Poignant pen from prison cell of Russian oligarch

Khodorkovsky's son says smuggled writings reveal a changed man

Don't let the cost of building insurance crack your budget

With the expectation of another harsh winter, the cost of buildings insurance premiums have shot up. In the past 12 months the average cost of buildings cover has rocketed 14.3 per cent according to the AA Insurance Premium Index.

Olympus investors demand review

Chief executive's removal after only two weeks prompts questions over controversial transactions

London named fraud capital of UK

London is the fraud capital of the UK, being home to around three-quarters of the UK's "identity fraud hotspots", a study has found.

UBS trader Kweku Adoboli remanded

The alleged rogue trader accused of gambling away a record £1.5 billion was today committed to crown court.

Fired Olympus boss hits out at boardroom 'cancer'

The ousted Olympus chief executive, Michael Woodford, pledged yesterday to return if shareholders cut out the "cancer" at the company by removing the current board.

Fraudster jailed after faking his own death

A pensioner from Kent has been jailed after faking his own death in Central America so that he could secure a £520,000 life insurance payout.

Judgment puts Madoff payments on hold

Payouts that would have been mailed out today to victims of Bernard Madoff's investment fraud have been put on hold, after a legal judgment that may have blown a $3bn hole in efforts to recover lost money.

Profile: The 'thoroughly decent' man who was left looking for a miracle

Neighbours of Kweku Adoboli had noticed him working much longer hours than normal in recent days, doubtless assuming that the smartly dressed trader was engrossed in one of the big deals that had propelled him into the upper echelons of one of the City's most illustrious banks.

Freedom, By Jonathan Franzen

My family and other disasters

Kate Hughes: Time to get a grip on the 'need' to own our property

It comes to something when normally law-abiding citizens start forging payslips to get a larger mortgage, risking a criminal conviction while they're at it. Apparently it's a "fraud for need, not fraud for greed" thing according to a spokesperson from the UK fraud prevention service CIFAS, but I'm not sure about the "need" bit at all. Despite a good two years of belt-tightening and wringing our hands, we're still not learning our lesson are we? And it's not like that lesson isn't a straightforward one – don't buy something until you can afford it, including property.

Fraud measures could damage housing market

A scheme tackling mortgage fraud – which cost the industry about £1bn last year – may slow applications in an already stagnant market, mortgage brokers have warned.

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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 1 May 2015
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before