The restoration of historic tea clipper the Cutty Sark in London by Grimshaw architects has been derided by architecture critics and conservation experts after being officially reopened by the Queen yesterday. Here's a round up of what people are saying. More about Critics trash Grimshaw's Cutty Sark restoration
New York architect Steven Holl has unveiled designs for a new institute for contemporary art at the Virginia Commonwealth University campus in Richmond. More about New Institute for Contemporary Art by Steven Holl Architects
Dezeen Wire: design journalists are divided by the announcement that the Olympic Torch by British designers BarberOsgerby has won the overall prize at the Design of the Year awards, presented by the Design Museum in London. More about Critics' reactions to "cheese grater" Olympic torch winning Design of the Year
These magnetic bicycle lights by Copenhagen Parts turn on as soon as they come into contact with the steel frame. More about Magnetic Bike Lights by Copenhagen Parts
London architects Grimshaw have completed the restoration of historic tea clipper the Cutty Sark, which reopened to the public today in Greenwich. More about Cutty Sark by Grimshaw
Milan 2012: Hackney designers were busy in Milan last week and we're bringing you some of the best new product launches, including this shelf by Stoke Newington duo Raw Edges where the front slides down to create a work surface. More about Deskbox by Raw Edges for Arco
Dezeen Wire: a report that contradicts our earlier story about the UK entering a double-dip recession claims there is cautious optimism among companies in the UK office furniture market, who are anticipating increased sales in 2012. More about Report highlights positivity in UK office furniture market
Dezeen Wire: a 3% drop in output from the construction industry is being cited as a major contributing factor to the UK economy re-entering recession – BBC. More about Construction output blamed as UK faces double-dip recession
Milan studio AtelierFORTE have built a sauna in the northern Italian countryside that has wings like a bird. More about Sauna Huginn&Muginn by AtelierFORTE
Dezeen Wire: Zaha Hadid's MAXXI National Museum of XXI Century Arts in Rome could be closed after Italian culture and heritage minister Lorenzo Ornaghi began proceedings to have it placed under special administration – The Guardian More about MAXXI museum in financial meltdown
In this second instalment in our series of articles on technology and design supported by computing brand Intel, we look at how our online lives and physical environments will become increasingly entwined. More about Technology and design: our digitally enabled future
Milan 2012: Italian furniture brand Magis presented these hanging sculptures made of wire mesh by sculptor Benedetta Mori Ubaldini at the Salone Internazionale del Mobile in Milan last week. More about Clouds and Birds by Benedetta Mori Ubaldini for Magis
Students from London's Architectural Association have designed and built a faceted wooden workshop in the woods in Dorset, England. More about Hooke Park Big Shed by AA Design & Make
Competition: we've teamed up with textiles brand Maharam to give away five copies of Maharam Agenda, an illustrated overview of the company's history including collaborations with the likes of Konstantin Grcic, Hella Jongerius, Nike and Paul Smith. More about Competition: five copies of Maharam Agenda to be won
Dezeen promotion: in this podcast recorded in Milan, Aurel Aebi of multidisciplinary design practice atelier oï describes the scenography they created for Swiss bathroom brand Laufen, while designers Roberto Palomba and Toan Nguyen talk about their latest products. More about The Swiss Art of Expression by Laufen in Milan
Dezeen Wire: the London 2012 Olympic Torch by east London designers BarberOsgerby has been awarded as Design of the Year in a ceremony at the Design Museum in London tonight. More about London 2012 Olympic Torch by BarberOsgerby wins Design of the Year 2012
Overlapping walls of curving concrete encase this funeral chapel in Graz by Austrian architects Hofrichter-Ritter. More about Chapel of Rest in Graz by Hofrichter-Ritter Architekten
Milan 2012: this armchair with a pleated leather seat by London designer Benjamin Hubert was inspired by sleeves with puffed shoulders on Italian Renaissance clothing. More about Juliet by Benjamin Hubert for Poltrona Frau
The huge tiled roof that wraps around this Tokyo house integrates arched windows and openings for tree branches. More about House with Eaves and an Attic by ON design
This stacking chair by French designer Philippe Starck is made of discarded material found in lumber factories and industrial plastic plants. More about Broom Chair by Philippe Starck for Emeco