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
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
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