The Edinburgh festival receives £2.3m in foundation funding a year. Photograph: Murdo Macleod More than 50 of Scotland’s best-known arts organisations, including the Edinburgh festival and the Traverse theatre, face deep cuts in their grants from the new government arts agency, Creative... 

HSBC chairman Stephen Green has warned the EU parliament’s new bonus rules could mean the City losing out to rivals. Photograph: Luke Macgregor/Reuters Britain’s top banks today hit out against new bonus rules being imposed by Brussels, warning that the City faced losing business... 

Emergency on planet Earth? You need Sherlock Holmes, The A-Team, and a boy who’s practised an awful lot of balancing. Illustration: sophiehenson.com The world is currently in a parlous state. Everywhere you look, things are the worst they’ve ever been: the seas are filled with... 

‘There is no miraculous recovery’ … Max Stafford-Clark. Photograph: Sarah Lee for the Guardian On the morning of this interview, it took Max Stafford-Clark 16 minutes and 21 seconds to walk to work. It’s perhaps half a mile from his flat through north London to the office...