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

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.

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.

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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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links