News

The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Market Report: Michael Page climbs as Adecco bid talk returns

The possibility of Michael Page becoming a takeover target again was in focus last night following rumours Adecco could be gearing up for another attempt at the recruiter.

Jackson Hole: bankers to decide the world's fate

At last year's conference Ben Bernanke dropped a bombshell. This year his options are fewer. Stephen Foley reports

Jittery European markets make small gains

Fears of a global recession and another woeful session for banking shares did not stop the London market from making nervous gains today.

Stephen King: Our economic woes show that there is nothing unique about Japan

Economic Outlook: Economic outcomes in the Western world have, to date, been far worse than in Japan in the early years of stagnation

Stephen Foley: Bernanke must rise above the jibes from Perry's Texas hold'em economics

Rick Perry’s comments about Ben Bernanke have been viewed as a gaffe and an unwise reminder of the rhetorical style of George W Bush

White House backs Fed's Bernanke

The White House has defended the independence of Ben Bernanke, the Federal Reserve's chairman, after the US presidental candidate Rick Perry declared that "printing more money to play politics at this particular time in American history is almost treacherous, or treasonous". The Texas Governor said: "If this guy prints more money between now and the election, I dunno what y'all would do to him Iowa, but we would treat him pretty ugly down in Texas."

Go for gold: yellow metal makes return

Forty years since President Nixon dumped the gold standard system, Stephen Foley considers the calls for its return

Bank could keep rates low until 2013

The Bank of England today gave a clear signal that the UK will mirror the United States in keeping interest rates at record lows until 2013.

Hopes for lower fuel costs as oil's rollercoaster ride continues

The oil price followed stock markets down and then up yesterday but is now $20 down on its peak during 2011

Modest recovery for world markets

Hopes of a fresh round of fiscal stimulus measures today helped London's battered shares index dodge its longest losing streak for eight years.

Stephen Foley: America has just abandoned the unemployed

US Outlook: The seven men and three women who sit down in Washington on Tuesday to debate US interest rate policy will almost certainly decide to do nothing. They may well say something, but action – desperately needed action – seems unlikely for the time being.

Hamish McRae: Defaulting on its interest payments might not be such a bad thing for the US

Economic Life: The US can 'grow' out of its indebtedness: Debt is being accrued there by 300 million people, but in another 40 years there will be 450 million to pay it off

Bernanke boosts US stocks after hint Fed is ready to aid economy

Ben Bernanke, the chairman of the Federal Reserve, helped the US stock market break a three day sell-off yesterday by raising the possibility of a further round of quantitative easing to support the economy.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
Sometimes it's hard to be a literary novelist

Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried