Stock China produces 70% of the world’s mobile phones; half its cement, steel and aluminium; and a third of its cars – and doesn’t Donald Trump know it. Trade negotiations between the US and China continued last week, and investors were especially cheered when the US president
Stock It seems 15th-century financial advice doesn’t come cheap. This Thursday, a Venetian edition of Summa de arithmetica, geometria, proportioni et proportionalita, a work by Luca Pacioli (friend of Leonardo da Vinci) that was first published in 1494, will go on sale at Christie’s. The work
Stock The Chinese Year of the Pig, which began last Tuesday, is traditionally linked to luck and wealth – just not for the pigs. Wholesale pork prices in the last week of January were down 15% (annualised) after an outbreak of African swine flu spurred Chinese
Stock What a difference a month makes. January, whose name ultimately derives from 'ianua' (Latin for door), has this year delivered on its promise of change, at least on markets. After a torrid final quarter of last year, US stocks posted their best opening month since
Stock The late comic Victoria Wood once said, “Life's not fair, is it? Some of us drink champagne in the fast lane, and some of us eat our sandwiches by the loose chippings on the A597.” Last week, many of the former could be found glad-handing
Stock "There is no subtler, no surer means of overturning the basis of society than to debauch the currency," warned John Maynard Keynes, probably the greatest economist of the 20th century. Spare a thought, then, for Venezuelans. At the start of 2018 a cup of coffee
Stock These days America has two ‘Big Apples’, one on each coast, and they both pack a financial punch. New York City’s current GDP is some $1.5 trillion. At its peak in 2018, Apple Inc., listed in New York and based in California, had surged to
Pinball pound “Minister, Britain has had the same foreign policy objective for at least the last 500 years: to create a disunited Europe,” said Sir Humphrey Appleby, the slippery senior civil servant in the 1980s TV comedy, Yes Minister. “We had to break the whole thing
Cutting edges Over the long term, China can lay claim to pioneering some of the world’s most significant inventions. Gunpowder, paper, the compass and printing may be the famous four that Chinese schoolchildren memorise in school, but there are many more; among them football (just not
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