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: Kingfisher falls back as B&Q worries build up

Kingfisher closed at its lowest price since December last night thanks to fears over the challenges facing its flagship B&Q chain.

Ex-Fed governor Warsh steps down

Kevin Warsh, the youngest person ever to serve as a governor of the Federal Reserve, is to leave the US central bank next month.

Stephen Foley: Fed chief Bernanke spells out home truths on financing the future

US Outlook Will someone please listen to Ben Bernanke? The Federal Reserve chairman becomes more shrill in his warnings about the US government debt crisis every time he speaks publicly.

US recovery could take years, warns Bernanke

Ben Bernanke, the chairman of the US Federal Reserve, said he would not consider the US economic recovery to be fully established until unemployment began to fall sharply, and that could still take several years.

Bernanke asks for time as jobs data disappoints

Ben Bernanke, chairman of the US Federal Reserve, yesterday warned there was no choice but to stick to his plan for a $600bn (£386bn) stimulus to the struggling economy, dubbed QE2.

Sarah Churchwell: 'Time' waits for no woman

Time magazine has named its 2010 "Person of the Year" – the individual judged by the editors to have most influenced the world over the past 12 months. Despite its readers having voted for Julian Assange by an overwhelming majority, Time's editors chose Facebook's Mark Zuckerberg, calling him "The Connector" – "for creating a new system of exchanging information; and for changing how we all live our lives".

Margareta Pagano: Happiness, Mr Cameron, is a new British Rail

Privatisation produced complication not competition. It let commuters down

Stephen Foley: An appointment with danger

US Outlook: Political science students are taught that there are two kinds of democracy, direct and representative, one the rule by referenda, the other by elected officials. Turns out the US is operating a third kind, something you might call appointive democracy.

Stephen King: Who needs who? America and China must avoid making past mistakes again

Western nations look at the recent success of the emerging world with a mixture of admiration, envy and anger

Stephen Foley: Let's call a halt to this Fed-bashing. In the longer view its record is strong

US Outlook: Really thoughtwe had this one licked. Last year, when internet star, and one-time candidate for the Republican presidential nomination, Ron Paul wrote his book End The Fed, it seemed he might be moving his central-bank-bashing agenda closer to the mainstream of US politics. His attempt to bring the Federal Reserve under greater political control (a precursor, he hoped, to destroying it) fizzled out in the discussions on Wall Street reform. But no, we did not have this one licked.

America's war of words with China hots up

There was no sign of peace breaking out in the world's "currency wars" yesterday when the chairman of the US Federal Reserve, Ben Bernanke, made a barely disguised attack on China.

Republicans take aim in battle to sink the Fed's QE2

Right-wingers on Capitol Hill want to end the US central bank's mandate to combat unemployment

Dominic Lawson: What the Germans can teach America

We have a clear sign that Europe's leading economy will side with China in accusing the US of deliberately debasing the dollar
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Day In a Page

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
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone
Amazon is buying Twitch for £600m - but why do people want to watch others playing Xbox?

What is the appeal of Twitch?

Amazon is buying the video-game-themed online streaming site for £600m - but why do people want to watch others playing Xbox?
Tip-tapping typewriters, ripe pongs and slides in the office: Bosses are inventing surprising ways of making us work harder

How bosses are making us work harder

As it is revealed that one newspaper office pumps out the sound of typewriters to increase productivity, Gillian Orr explores the other devices designed to motivate staff
Manufacturers are struggling to keep up with the resurgence in vinyl records

Hard pressed: Resurgence in vinyl records

As the resurgence in vinyl records continues, manufacturers and their outdated machinery are struggling to keep up with the demand
Tony Jordan: 'I turned down the chance to research Charles Dickens for a TV series nine times ... then I found a kindred spirit'

A tale of two writers

Offered the chance to research Charles Dickens for a TV series, Tony Jordan turned it down. Nine times. The man behind EastEnders and Life on Mars didn’t feel right for the job. Finally, he gave in - and found an unexpected kindred spirit
Could a later start to the school day be the most useful educational reform of all?

Should pupils get a lie in?

Doctors want a later start to the school day so that pupils can sleep later. Not because teenagers are lazy, explains Simon Usborne - it's all down to their circadian rhythms
Prepare for Jewish jokes – as Jewish comedians get their own festival

Prepare for Jewish jokes...

... as Jewish comedians get their own festival
SJ Watson: 'I still can't quite believe that Before I Go to Sleep started in my head'

A dream come true for SJ Watson

Watson was working part time in the NHS when his debut novel, Before I Go to Sleep, became a bestseller. Now it's a Hollywood movie, too. Here he recalls the whirlwind journey from children’s ward to A-list film set
10 best cycling bags for commuters

10 best cycling bags for commuters

Gear up for next week’s National Cycle to Work day with one of these practical backpacks and messenger bags
Paul Scholes: Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United

Paul Scholes column

Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?