Sunk cost

The land Down Under seems ready-made for soul-stirring adventures. Its 16,000 miles of coastline are one long playground, with vertiginous cliffs riddled with hiking trails and reefs ripe for diving. There’s ancient flora and unique wildlife hiding in the rainforests, and cities that offer every activity under the sun. So pick up your hiking boots, paddle or flippers and get outdoors

THESE COMPANIES BUILD BUSINESSES AROUND SOLVING SOCIAL PROBLEMS— AND THEY DO WELL BY DOING GOOD.

As we sat at a well-worn wooden kitchen table in the leafy Moseley suburb of Birmingham, Judith Yates pointed at a spreadsheet on her MacBook. Each row told a clear story, painstakingly collected by t

TLS contributors choose their favourites

PRESIDENT WORLD BANK AJAY BANGA DIDN’T LIKE THE EXISTING DECOR, SO when he took over as World Bank president he gave his grand two-story corner office a makeover. Old-school leather furniture? Gone. D

It is now widely acknowledged that the UK stockmarket is suffering an existential crisis. UK equity funds have seen 36 months of consecutive outflows that show no sign of slowing. A record £2.7bn fled