Business news 

UBS to ‘give money back’ in deal with New York

The Swiss bank has agreed to spend a total of $22bn buying back bonds it sold to clients such as the state of New York

Sir Tom says sorry for record RBS loss

UK's second largest bank chalks up one of the biggest losses in corporate history amid calls for its chairman's head Watch video

TNK-BP's Dudley escapes three-year Russia ban

Chief executive Robert Dudley fined £10 by Russian court in labour case and escapes three-year work ban

Sport News 

Pietersen ton puts England in control

Captain posts a century against South Africa to guide England to a strong position in the fourth Test

• Michael Atherton's lunchtime lowdown

• Harmison ensures England live in fast lane

Miley hoping her lucky number comes up

The swimmer, who has a faster personal best than the time the gold medal has been won in previously, has just turned 19

Chelsea make £19.75m bid for Robinho

Luiz Felipe Scolari is confident that the Brazil forward will arrive at Stamford Bridge before the end of the month

Comment 

How Georgia fell into its enemies' trap

The fighting in the Caucasus should be a deafening wake-up call to the West

• Edward Lucas

Stop attacking 'target culture'

Yes, league tables and testing can be crude. But their dismissal is deeply self-interested

• Matthew Parris

Break out the tap water. It's a Brown relaunch

Down in Southwold they're planning something pretty big. The trouble is, nobody's interested

• Ann Treneman

Life & Style 

The cosmetic injection that works

You can knock years off yourself – without that Botox freeze-dried effect. They secret key is having just the right surgeon

Giles Coren reviews Jamie's Italian, Oxford

Giles Coren visits the first of the rustic Italian restaurants that Jamie Oliver plans to roll out across the nation

Sisley: the house of beauty

The owners of Sisley reveal how family loyalty conquered the world of cosmetics and how they remained independent

Arts & Entertainment 

Elena Roger: from Eva to Edith Piaf

After sparkling in Evita, Elena Roger is preparing to take on another icon of the 20th century. Matt Wolf asks her why

Shane Meadows on new film Somers Town

Shane Meadows’s latest film Somers Town may be his bravest to date, the director explains the 'accident' to James Mottram

On the fright train with the FrightFest

Be afraid, be very afraid - the Film4 FrightFest is coming to London's Odeon West End. Horror writer Kim Newman reports