News

Three Aprils ago, Sir Keir Starmer took over a UK Labour party in the electoral and moral pits. He lost his first 18 months to a pandemic that made the role of opposing the Conservative government seem almost unpatriotic. He has the “help” of a shadow cabinet that, as a gathering of talent in one
0 Comments
CBI director-general Tony Danker has been sacked with immediate effect following an investigation into allegations of sexual harassment at the employers’ organisation. He will be replaced by Rain Newton-Smith, the UK lobby group’s former chief economist, who will return as director-general after a brief spell as a managing director for policy at Barclays. The dismissal
0 Comments
European stocks advanced at the opening on Tuesday, as investors took heart from a late rally on Wall Street and looked towards the possibility of more interest rate increases from the European Central Bank and US Federal Reserve. The region-wide Stoxx 600 rose 0.5 per cent, while Germany’s Dax and France’s Cac 40 were up
0 Comments
One of the things that makes policymaking easier in the modern world is that we know more. We have better information about outcomes, a better understanding of what works and what doesn’t and — thanks to advances in technology — we can use algorithms and machine learning to make better-informed decisions. But better-informed decisions aren’t
0 Comments
The writer is a financial journalist and author of ‘More: The 10,000-Year Rise of the World Economy’ The recent turmoil in financial markets is a sign of a longer term problem. More than a year after Russia’s invasion of Ukraine, inflation has proved to be far from transitory. That has meant government bond yields, while
0 Comments
Under cloudy skies in Warwickshire last month, a 2,000-tonne boring machine nicknamed “Dorothy” tore through a concrete wall to complete the first in a series of tunnels that will eventually carry high-speed trains under the English countryside. The breakthrough moment provided a much-needed boost for HS2, the controversial high-speed rail project that was originally envisaged
0 Comments
The biggest blank cheque company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector. Pegasus Europe has announced that it will cease operations and is preparing to return capital to its investors
0 Comments
Stocks dropped as US equity markets reopened from the long Easter weekend on Monday and investors fretted that the Federal Reserve would keep lifting interest rates. The S&P 500 slid 0.8 per cent in early trading, while the tech-heavy Nasdaq Composite fell 1.1 per cent. Monday marked the first opportunity traders had to respond to
0 Comments
Monday brought a windfall for many investors in Chinese equities. Ten companies debuted on the main exchanges in Shanghai and Shenzhen, raising a combined $3.1bn. Pops in the share prices of as much as 200 per cent reflected undervaluation rather than strong growth expectations. The 10 are the largest group to list after China overhauled
0 Comments
The Chinese navy has conducted 120 flight sorties from an aircraft carrier over the past three days, Japan said on Monday, highlighting the concerns that Beijing’s war games around Taiwan have raised for the US and its allies in the Indo-Pacific region. Fighter aircraft took off and landed 80 times on the Shandong, China’s second
0 Comments
Should the US defend Taiwan? This is not an abstract debate. Over the weekend, Beijing simulated bombing raids on the island, while its navy encircled Taiwan. In response to the steady escalation of Chinese military pressure on the island, President Joe Biden has promised — four times — that the US would defend Taiwan from
0 Comments