News Jack Lew’s previous squiggle of a signature, above, and the new one, below

When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.

Darling calls for tougher global regulation

The Government set out part of the agenda for April's global economic summit of the G20 nations yesterday, stressing the need for "tougher global financial regulation".

Hit & Run: Northern star

What sort of icon does Cheryl want to be? Her fame has, after all, reached the point at which her first name will suffice. Her mentor, Simon Cowell, has apparently offered her £1.5m – a 100 per cent pay rise – to return to the next series of The X Factor; she is supposedly the subject of a recent shoot for Vogue, and now the artist Lee Jones has immortalised her in his painting "Angel".

Leading article: The world must hope that America gets it right

We are all dependent on a recovery in the world's biggest economy

The first glimpse of Obamanomics

As the President-elect's new team gets to grips with the financial crisis, US economic policy looks set to be guided by pragmatism rather than political philosophy

Obama picks 'best US minds' to save economy

Enemy of defeated Democrat candidate is chosen to fill crucial position of commerce secretary

Market Report: Woolworths spirals lower on 0p target price

Bearish broker comments depressed Woolworths, the troubled retail group, which missed out on yesterday's market rally. The stock fell to 1.34p, down 6.29 per cent or 0.09p, after Panmure Gordon set a 0p target price, arguing that "given deteriorating high-street conditions and Woolworths' obvious distress, there is now little or no chance of the equity retaining any value".

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 chooses Christina Romer as chief economic adviser

President-elect Barack Obama has chosen Christina Romer, a professor at the University of California, Berkeley, as the head of the White House Council of Economic Advisers.

US government reveals Citigroup rescue deal

The US government unveiled a bold plan to rescue troubled Citigroup, including taking a $20 billion stake in the firm as well as guaranteeing hundreds of billions of dollars in risky assets.

Economic battle plan set out

Barack Obama will formally unveil his economic team in Chicago today, as he sets to work on fleshing out ambitious proposals to lift the US out of its rapidly-escalating financial crisis. Timothy Geithner has been tapped as Treasury Secretary, while Larry Summers, a treasury secretary under president Bill Clinton, will head the National Economic Council.

US keen to restore confidence in Citigroup

Government officials in the US worked through the weekend on plans to shore up confidence in the future of Citigroup, the financial giant whose shares cratered last week.

Citigroup launches ‘Don’t panic’ ad blitz as shares dive

Citigroup, the embattled financial giant, is taking out advertisements in major US newspapers today in an attempt to shore up customer confidence after a downward spiral in its share price raised doubts about its future.

Hillary plays hardball

The first sign of friction in the Obama camp as Mrs Clinton demands - and gets - a purge of her critics before accepting Secretary of State role

Rupert Cornwell: Coolly, calmly, Obama is putting together a remarkable team

Out of America: Even senior Republicans admit that – on paper, at least – the president-elect is assembling a very impressive administration

Obama's green start

Hope of early action on climate change as US president-elect prepares two bills to cut pollution and kick-start a clean energy revolution
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Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
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New biography sheds light on comic genius of Douglas Adams
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These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
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Shoppers don't come to Topshop for the unique
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Toy breaks out of the nursery and heads for the gallery
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Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
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'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

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