Editor’s note: This post has been updated. Pinal County Sheriff Paul Babeu is stepping down as co-chairman of former Massachusetts governor Mitt Romney’s (R) Arizona campaign in the wake of allegations that he threatened to deport a former lover who declined to stay silent about their years-long relationship. Read full article > >

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Romney’s Arizona co-chair resigns in wake of explosive allegations

TEHRAN — Faced with a plummeting currency in the wake of toughened international sanctions, Iran is cracking down on black-market money changers and warning that major speculators could face execution. Read full article > >

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Iran warns currency speculators as rial continues to fall

Urgent change is needed at the Press Complaints Commission which showed its lack of powers in the wake of the phone hacking scandal, the chairman of the body which funds it says.

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Press body ‘needs urgent reform’

BAGHDAD – A Sunni-backed political bloc ended its boycott of the Iraq Parliament here Sunday, a boost for Shiite Prime Minister Nouri al-Maliki as he tries to consolidate power in the wake of the U.S. troop departure . Read full article > >

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Sunni-backed political bloc ends boycott of Iraq Parliament

The latest progress comes in the wake of two days of talks in Athens between the bankers lobby representing most investors, and Greece’s political leadership.

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Greece Inches Toward Deal in Talks With Its Creditors

TOKYO — The hulking system that once guided Japan’s pro-nuclear-power stance worked just fine when everybody moved in lock step. But in the wake of a nuclear accident that changed the way this country thinks about energy, the system has proved ill-suited for resolving conflict. Its very size and complexity have become a problem. Read full article > >

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After earthquake, Japan can’t agree on the future of nuclear power

In the wake of the Stephen Lawrence verdict, Newsnight asks if police attitudes to race have changed enough despite radical reform to many of their practices.

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VIDEO: Colour-blind society ‘long way off’

The Philippines government says 1,079 people are still missing in the wake of Typhoon Washi, already known to have killed more than 1,000.

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Philippines missing ‘over 1,000′

Discussion of new moves against Iran is expected to dominate a meeting of EU foreign ministers, in the wake of the UK’s expulsion of Iranian diplomats.

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Iran likely to dominate EU talks

The New York City comptroller, John C. Liu, has returned about $20,000 in the wake of a federal investigation into his fund-raising practices.

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Liu Begins Returning Campaign Donations

The New York City comptroller, John C. Liu, has returned about $20,000 in the wake of a federal investigation into his fund-raising practices.

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Liu Begins Returning Campaign Donations

The Leveson inquiry, launched in the wake of the phone-hacking scandal, hears suggestions that other papers took part in the practice.

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Hacking ‘linked to other papers’

A judge-led inquiry set up in the wake of the News of the World phone-hacking scandal begins looking into the practices of the press.

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Judge to begin phone-hack probe

Federal Reserve Chairman Ben S. Bernanke said Tuesday that he is more open to using the Fed’s interest rate policies to combat financial bubbles, arguing that in the wake of the economic crisis, central bankers must rethink their assumptions. Before the economic upheaval, Bernanke acknowledged, central banks viewed financial stability as a “junior partner” to the task of tweaking interest rates to try to boost growth. But both stability and monetary policy are of vital importance to the U.S. economy , he said. Read full article > >

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Bernanke says Fed should keep a sharper eye on financial bubbles

Michelle Obama , secret shopper? In the wake of her much buzzed-about trip to Target , the first lady said Wednesday that she ventures out like that all the time — it’s just that no one ever notices. “It’s amazing how people don’t recognize me,” she told Al Roker on “Today,” explaining that “they don’t expect to see me at Starbucks or at Chipotle.” She also alluded to visiting Baskin-Robbins, and taking Bo to a Petco where “the cashier asked me, ‘What kind of dog is that?’” Read full article > >

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Michelle Obama’s secret shopping trips: Who’s seen her?