Sport Honours nearly even for the two Volvo 70s in their Rolex Fastnet Race head to head as Abu Dhabi skipper Ian Walker (GBR left), first home, greets Sam Davies (GBR right) ahead on handicap in the Swedish Team SCA. Pictured centre, left to right, are Sarah Lihann (USA), Annemieke Bes (NED), Sophie Ciszek (AUS) and Annie Lush (GBR)

In miserable rain there were celebrations developing in Plymouth as places were settled in the 45th Rolex Fastnet Race, the biennial battle on the briny around a desolate rock off the south-west corner of Ireland.

Business week in review

In profit...

One racer's rain-off is another's boost as crews set off on cross-Atlantic contest

Fast, fast, fast was the prediction from all five skippers as they left New York for the Krys ocean race across the Atlantic to Brittany as sailors were set to profit from the same, basic meteorological factors that were causing such problems for Formula One drivers at Silverstone on today.

The MOD70 trimarans make their international debut in the Krys Ocean Race from New York to Brest, starting this weekend

New York hosts classy debut

It will take something to grab the attention of New York in the week of the 4 of July, but five 70-foot trimarans set off from Newport, Rhode Island to pass the Statue of Liberty, a gift from the French, up the Hudson River and to North Cove Marina 130 miles away on Monday.

Lower costs and harder work on the agenda for Volvo round the world race

Lower costs and harder work for the crew are on the menu for the next two Volvo round the world races after CEO Knut Frostad announced in Lorient a new design of yacht to be used by all the competitors for at least two races from 2014.

With records in mind, Giovanni Soldini will be relying on the sail power of a beefed up 70-foot yacht, rather than V8 power of a Maserati GranCabrio Sport

Giovanni Soldini talks up Class 40

He’s raced around the world alone, crossed the Atlantic umpteen times, and is currently chasing records in a supercharged beast of a Volvo 70, but Giovanni Soldini, highly critical of the current state of ocean racing, is telling everyone who will listen that a much smaller yacht, the Class 40, is today’s best bet for the next few years.

Jens Gram-Hansen (second from left) at the helm of SAP in the Extreme Sailing Series off Istanbul

Extreme Sailing Series director predicts fewer events

South coast gales in an English summer were in stark contrast to the race track off Istanbul, between the Aegean and the Bosphorus, as the founder and organiser of the Extreme Sailing Series, Mark Turner predicted: “There will be less professional sailing events in the next three to five years.”

Thompson shows off new trimaran as he prepares to sail for Oman

Back into the cut and thrust of boat-on-boat racing, Brian Thompson this weekend was watching his new boat take to the water. It is in sharp contrast to a career often spent beating the clock or beating his brains out on his own.

Volvo announces price of new V40 hatchback

Volvo has released further details its forthcoming C-segment V40 hatchback, which was unveiled at last month’s Geneva Motor Show.

Father and son among dead in crash

A boy of 14, his father and an elderly woman died in a head-on car crash which left the teenager's mother and nine-year-old sister seriously injured, police said.

Ben Ainslie arrives back at the Royal Perth Annexe after the incident during the Finn class gold fleet racing at the ISAF World Sailing event

Sailing Federation frees Ainslie to chase fourth gold

Olympic champion Ben Ainslie was given the go-ahead for his bid for a fourth consecutive gold on the home waters of Weymouth in July/August – he also has a silver – as the sport’s world governing body, the International Sailing Federation (ISAF), said it would impose no further punishment for his disqualification from the world championship in December.

Spotlight On... Leif Johansson, chairman designate of AstraZeneca

I've not heard much about him before...

The America's Cup will take place in San Francisco

Revised plans avoid America's Cup confrontation

The crunch confrontation between organisers of next year’s America’s Cup and local opponents of a $55m waterfront redevelopment was avoided in San Francisco when a revised plan was announced by the mayor, Edwin M. Lee.

Hetairos clinches Caribbean 600 title

Hetairos, the 214-foot superyacht skippered by Vincent Fauquenoy, was first to finish the Royal Ocean Racing Club’s Caribbean 600 in Antigua in an elapsed time of 2 days 2 hours 39 minutes and 32 seconds. But this was well outside the record set by Rambler 100 last year, which capsized in the Fastnet Race last August.

Lawrie turns back the clock

Paul Lawrie is back in the world top 50 for the first time since 2003, after he won his second Qatar Masters title yesterday. The 43-year-old Scot (above) chipped in twice in a brilliant closing 65 to beat the Australian Jason Day and Swede Peter Hanson by four.

Amazing Grace lands two from two to match Couples

Ernie Els and Retief Goosen did battle at Fancourt again yesterday, but this time found themselves out-gunned by the new star of South African golf.

Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform