If you want a shorthand for which way the Brexit winds are blowing, look no further than sterling. The pound finished the week more than 2% down against the dollar, marking its worst week in a year and taking it to a four-month low. Friday also
All diplomacy is war by other means.” So said Zhou Enlai – the architect, alongside Henry Kissinger, of the very first rapprochement between the US and the People's Republic of China, one that found its climax in Richard Nixon’s visit to China in 1972. Since
Game of Thrones has entered is its eighth and final series. The franchise is worth around $1 billion and commands some 30 million viewers per episode in the US alone. If only Japan's Chrysanthemum Throne were half so profitable. This week, the latter will welcome a
Have you over-indulged? You wouldn’t be alone. On average, every UK household will have consumed eight Easter eggs over the festive weekend; the chocolate egg market is worth more than £220 million. Yet a recent UN report has indicated that cocoa producers in emerging markets are
The three-year face-off between executive, legislature and voters has reached its endgame. In terms of who will ultimately win the war, we now all but know it won’t be the executive or, at least, not without a change of personnel. Thankfully, the Royal Mint had
Stock Last Thursday marked 99 years since the second of two plebiscites that finally settled the infamous ‘Schleswig–Holstein Question’. Lord Palmerston, the Victorian prime minister, captured the question’s difficulty: “Only three people have ever really understood the Schleswig-Holstein business—the Prince Consort, who is dead—a German professor,
Stock Time, it seems, really is money after all. Saturday marked exactly ten years since global markets struck their mid-crisis low. In the ensuing decade, the S&P 500 has gained more than 300%, as central bankers, buybacks and improving sentiment have pushed markets ever upward. Companies
Stock “To be alive at all involves some risk,” said Harold Macmillan. When it comes to premium bonds, launched under his chancellorship in 1956, the former prime minister appears to have taken the maxim too far. Last week saw the launch of the fifth generation of
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
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