It is sometimes said that equity investors look for opportunities, whereas bond investors look for problems. Over-simplification it may be but, all the same, markets currently present a curiously two-sided picture. On the one hand, equity markets remain in rally territory, even though the S&P 500
Someone, it seems, is bluffing. Last week, Conservative MPs whittled down their leadership contenders to just two. Both candidates argue they can negotiate a new and better Brexit deal, and one of them claims he can agree it before the deadline of 31 October; the EU,
In the British Museum hangs a 17th century painting of Tao Gu, a tenth century Chinese scholar, clutching his latest poem. These days, however, Tao is better known for a brief reference to a “fake mutton” dish made of tofu – the earliest known mention
It was a week to look back: Western leaders gathered in Normandy to mark 75 years since D-Day; Lech Walęsa, former Polish president and winner of the Nobel Peace Prize, spoke in memory of Poland’s first semi-free elections 30 years ago; and Hong Kong residents
“It is a tale / Told by an idiot, full of sound and fury, / Signifying nothing.” Macbeth might have been talking about life, but similar sentiments are already being expressed about the Conservative leadership contest, which began last week. At the last count, 13 MPs
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
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