The FSA shake-up on bonuses comes after new European rules were introduced. Photograph: PA The Financial Services Authority put the City on notice today that it was preparing to close down some of the avoidance measures firms use to keep paying out bonuses which potentially encourage excessive risk-taking. As the City regulator began a consultation [...]

Tony Hayward leaves BP’s offices in St James’s Square, central London, today. Photograph: Dominic Lipinski/PA BP is poised to stun the City tomorrow by nominating Tony Hayward to the board of its Russian business as a consolation prize for being axed as chief executive. Following its board meeting in London, the oil group will formally [...]

The pointy sombrero… a definite no-no, especially in Mexico. Photograph: Alamy The lost art of packing a suitcase The secret of good suitcase packing is to fold as if your life depended on it. Fold each item as tightly as you can and then crush it a bit for good measure. Think of packing as [...]

Wiley … fans need a strategy to hear all of his output. Photograph: Atlantic Records Fans boggled at last week’s decision by the grime star Wiley to give away more than 200 new tracks for free online. First, they asked, is it for real? And then, why is he doing this? And finally, where do [...]