News Yellen will take over leadership of the Fed as it begins to reduce its $85 billion a month 'quantitative easing' programme

The US Senate on Monday confirmed Janet Yellen as the new chairman of the Federal Reserve by a vote of 56 to 26.

Head of the Fed: Janet Yellen is not just more of the same

To characterise Yellen as simply a safe pair of hands is to mistake the circumstances in which she takes up her post

US shutdown: Markets drift on IMF warning over global economy

Global stock markets drifted Wednesday as news the Federal Reserve's vice chair will be nominated to head the US central bank gave only a slight lift to investor sentiment darkened by an IMF warning on the global economy.

Inside Job (12A)

The Independent review: Dirty rotten scoundrels

China says many ways to resolve Google issue

China today sought to play down a threat by Google to quit the country on hacking and censorship concerns, saying any decision by the internet search giant would not affect US trade ties.

Nobel economist Samuelson dies, aged 94

Economist Paul Samuelson, who won a Nobel Prize for his effort to bring mathematical analysis into economics and helped shape tax policy for President Kennedy, has died at home aged 94.

Obama plans massive economic rescue package

President-elect Barack Obama and Congressional Democrats are laying the groundwork for quick enactment in January of a giant, two-year economic rescue package that will total about a half-trillion dollars.

Summers' 'sexism' costs him top Treasury job

If a scintilla of disappointment was detectable in Lawrence Summers today as President-elect Barack Obama presented him as the next chief of the National Economic Council, everyone knew why. His big mouth was the reason he didn’t get that other job that used to be his, Treasury Secretary.

Obama looks to fill Chief of Staff role

US President-elect Barack Obama has no time to waste and two wars and a deepening financial crisis have raised expectations that he will quickly announce picks for senior government jobs after winning the presidential election.

Obama seizes the moment by detailing his strategy for restoring confidence in markets

As the early voting in the US presidential election was getting under way, Barack Obama last night attempted to seize all possible advantage from the crisis on Wall Street announcing the approach he would take to restore confidence in staggering financial markets.

Obama set to unveil economic rescue plan

As the first early voting in the American presidential election was getting under way, Barack Obama today attempted to seize all possible advantage from the crisis on Wall Street announcing the approach he would take to restore confidence in staggering financial markets.

Travel news: Pill-free in India

Travel to the Indian subcontinent will become much easier if a recommendation from a network of infectious disease specialists is adopted. The group, called TropMedEurop, says holidaymakers should forget malaria tablets and concentrate on avoiding bites. A study concluded that the dangers from taking prophylactic drugs rated higher than the risk of disease.

Summers calls for radical IMF reform

LAWRENCE SUMMERS, the US Treasury Secretary, called yesterday for wide-ranging reforms of the International Monetary Fund.
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Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'