News

The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

She says: 'I think that anybody who knows me knows that I'm not a pushy mum.'

Great Britain draw Argentina in Fed Cup

Great Britain's Fed Cup team face a long trip to Argentina in April after reaching the World Group II play-offs for the second year in succession. If they win in Argentina they will reach a level they haven't been to since 1993.

G7 safeguards exchange rates to avoid currency war

The G7 nations’ finance chiefs and central bankers today pledged not to trigger a damaging currency war with deliberate actions to drive exchange rates down.

Dow hits 14,000 for first time since 2007 credit crisis

World share prices on the up after new figures show US economy's underlying stability
Economic growth shrank in the final quarter of 2012

The fiscal cliff effect? Shock fall in US GDP blamed on spending cuts

A drop-off in government spending, along with a reduction in business inventories, led to an unexpected contraction in the US economy at the end of last year.

Russell Lynch: Printing more money is still worthwhile even if the price is a divided society

Outlook Is it time to stock up on shotguns, baked beans and bottled water, and prepare to ride out the coming apocalypse? Efforts to salvage growth by printing hundreds of billions of pounds have raised hackles among plenty of experts worried about rampant inflation. But comparatively few are saying we need to hunker down and prepare for a Mad Max-style future.

President Barack Obama may be forced to accept the imminent departure of his Treasury Secretary, Tim Geithner

Obama faces losing his economic supremo Timothy Geithner just when he needs him most

Treasury Secretary set to quit before battle over US debt ceiling

Nikhil Kumar: Don't get carried away by Fed's QE smoke signals

Talking of the Fed, the minutes of the Federal Open Market Committee's December meeting sparked worries that the central bank might tilt towards withdrawing, or even stopping, its bond-buying measures before 2013 is out. The cause was the evidence of disquiet among some FOMC members about the stimulus measures, which have led to a ballooning of the Fed's balance sheet.

Nikhil Kumar: After the fiscal cliff 'drama', is it time for Bernanke to coin the debt canyon?

Mr Bernanke knew 1 January was not a deadline for doom but rather a milestone

James Moore: Sorry Sir John, but the banks could run rings around your ring fence

Outlook: How do you decide if a bank has been trying to ‘game’ the system? Who makes the ruling

James Moore: The trouble with Romney recipe for growth is his friends get biggest slice

Outlook: The US is close to fulfilling its energy requirements, further boosting growth

US Fed to stick to stimulus until jobs pick up

America's central bankers yesterday reiterated their promise to support the still-weak US economy until it started generating enough jobs, acknowledging bright spots in areas such as housing, but warning that joblessness remained "elevated".

Errors and Omissions: from Brussels to Croatia, stand up to the march of geographical correctness

Our legendary pedant brushes aside "authentic" place names, finds a missing Reichstag, and shines light on the existence (or not) of shadow spokesmen

Finance chiefs recover from spring gloom

Confidence among Britain's finance chiefs is bouncing back but fears still remain over the UK slumping back into recession in the next two years, leading consultants have warned.

If Sesame Street is cancelled, Big Bird can work as a stud at an intensive chicken farm in Ohio

Toys from the blackstuff: What next for Sesame Street's unemployed?

Perhaps a testament to the lack of zingers in the first US presidential debate between Barack Obama and Mitt Romney was the fact that the most memorable line of the evening was Romney announcing that, if elected, he'd cancel any government subsidies to America's public broadcaster PBS, home of Sesame Street (despite Romney's protestations that "I like Big Bird").

Exports help US growth beat expectations

The US economy is doing better than expected, new figures out yesterday revealed.

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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
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?