Business news 

Soaring oil price spells end of cheap flights

More than 5m British passengers may be priced out of the budget holiday market as airlines raise fares

KKR gets set for $15 billion flotation

The best-known name in leveraged buyouts announced its long-awaited flotation on the New York Stock Exchange

Oligarchs deny they want BP out of venture

Russian partners in the TNK-BP joint venture have hit back as confrontation threatens to turn into a diplomatic incident

Sport News 

Harmison's recall is no quick fix

Durham fast bowler's return to the England Test squad suggests the selectors are stuck in the same comfort zone as the player

• The moral lesson of Pattinson case

• Selectors at sixes and sevens over bowlers

Sastre claims victory as Evans loses nerve

Australian rival succumbs to the intense pressure of the closing stages as Carlos Sastre takes impressive Tour victory

Murray closing the gap on the big three

The Briton's excellent performances in Toronto suggest that a significant breakthough could be just round the corner

Comment 

We all need a bit of holiday spirit

At the start of a good break a switch is thrown in our heads: we believe that magic can happen

• Libby Purves

Labour should choose Hillary, not Obama

If Gordon Brown goes, Harriet Harman should take over. Only a woman can change the climate of political debate

• William Rees-Mogg

Banks need a cushion against hard times

More mergers at home and co-operation abroad will be required to solve this crisis

• Howard Davies

Life & Style 

Want to swap shoes with Sarah Brown? It's in the bag

When the PM's wife traded clothes with the stars, her shoes caused a bunfight

Australian fashion gets hip

Once considered a cultural and style backwater, the land down under is now home to designers and labels celebrities love

Still sharing a property with your ex?

The latest victims of the squeeze are couples splitting. How do they cope when the love has gone, but the house won’t shift?

Arts & Entertainment 

Kay Saatchi on life after Charles

Now the dust has settled on her divorce, she's returned to her first love: modern art. She tells us about her plans

Waldemar Januszczak: Cézanne at the Courtauld

Some might think him boring. They’re wrong. For Cézanne was a man who revolutionised art, as the Courtauld’s show proves

Littered with art and a brush with the exotic

This is no ordinary broom; the art of Susan Collis requires keen eyes and a love of discovery, she tells Nancy Durrant