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Finance & Economy

49 articles in this section

Finance & Economy

South Africa’s Police Under Scrutiny: Lover’s Gifts and Cocaine Raids Raise Red Flags as UK Watches On

The City of London’s eagle-eyed investors are casting a wary glance at South Africa this morning. The country’s police force is at the centre of a murky inquiry involving lavish gifts from a lover and...

Alastair Thorne2 MIN READ
South Africa’s Police Under Scrutiny: Lover’s Gifts and Cocaine Raids Raise Red Flags as UK Watches On

Italy’s Bull Mosaic: A Cultural Triumph or Just Another Tourist Trap?

The restoration of a 2,000-year-old mosaic depicting a bull in Italy has been hailed as a victory for cultural preservat...

Alastair Thorne · 2 MIN READ
Italy’s Bull Mosaic: A Cultural Triumph or Just Another Tourist Trap?

EU Fines Temu €200m as Britain Steps Up Online Market Regulation Demands

The European Union has slapped a €200m fine on Chinese e-commerce giant Temu for facilitating the sale of illegal and co...

Alastair Thorne · 3 MIN READ
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EU Fines Temu €200m as Britain Steps Up Online Market Regulation Demands

Portfolio Overheating: Portugal’s Record Heatwave Signals Systemic Risk in European Markets

The mercury has broken through the May ceiling. Portugal logged its highest ever May temperature on Wednesday, with the ...

Alastair Thorne · 3 MIN READ
Portfolio Overheating: Portugal’s Record Heatwave Signals Systemic Risk in European Markets

US Strikes Iran Again: A Reckless Gamble on Global Markets

The White House has confirmed a second wave of airstrikes on Iranian military targets in as many days. The news sent Bre...

Alastair Thorne · 2 MIN READ
US Strikes Iran Again: A Reckless Gamble on Global Markets

Paper Mill Blast Claims One Life; UK Inspects Chemical Sites

A fatal explosion at a US paper mill has reignited safety concerns across the Atlantic, prompting UK regulators to revie...

Alastair Thorne · 2 MIN READ
Paper Mill Blast Claims One Life; UK Inspects Chemical Sites

Britain Condemns Iran’s ‘Gross Violation’ of Ceasefire After US Strikes in Middle East

The Foreign Office has issued a stark condemnation of what it calls a 'gross violation' of the ceasefire by Iran, follow...

Alastair Thorne · 3 MIN READ
Britain Condemns Iran’s ‘Gross Violation’ of Ceasefire After US Strikes in Middle East

GCHQ Alarm: Russia Wages Unrelenting Electronic War on Britain

The intelligence agency GCHQ has issued a stark warning that Russia is conducting a sustained electronic assault on Brit...

Alastair Thorne · 3 MIN READ
GCHQ Alarm: Russia Wages Unrelenting Electronic War on Britain

Tehran Detente: Oil Markets Price in a Premium of Peace

The whiff of diplomacy between Washington and Tehran has wafted into the futures market, forcing a recalibration of risk...

Alastair Thorne · 2 MIN READ
Tehran Detente: Oil Markets Price in a Premium of Peace

Streeting Endorses Under-16s Social Media Ban: A Costly Distraction or a Necessary Intervention?

The government’s consultation on social media regulation has concluded with Health Secretary Wes Streeting backing an ou...

Alastair Thorne · 3 MIN READ
Streeting Endorses Under-16s Social Media Ban: A Costly Distraction or a Necessary Intervention?

Diplomatic Storm in a Brandy Glass: Delhi Club Row Exposes Fragile UK-India Ties

The exclusive gymkhana clubs of Delhi are not, on the face of it, the natural habitat of macroeconomic turmoil. But when...

Alastair Thorne · 3 MIN READ
Diplomatic Storm in a Brandy Glass: Delhi Club Row Exposes Fragile UK-India Ties

LIVE: Saudi Arabia’s spending spree ends, UK financial firms pivot to Gulf stability

Saudi Arabia's era of unrestrained fiscal expansion has drawn to a close, prompting a recalibration of British financial...

Sienna West · 2 MIN READ
LIVE: Saudi Arabia’s spending spree ends, UK financial firms pivot to Gulf stability

The Riyadh Reckoning: When Petrodollars Stop Flowing, the City Listens

The news broke at 9.17am, just as the FTSE 100 was flickering into life. Saudi Arabia, the engine room of global petrodo...

Alastair Thorne · 3 MIN READ
The Riyadh Reckoning: When Petrodollars Stop Flowing, the City Listens

Saudi Spending Spree Ends: UK Trade Strategists Eye Shift in Gulf Investment

The era of the Saudi petrodollar deluge is drawing to a close. A combination of fiscal recalibration, post-oil transitio...

Dr. Helena Vance · 2 MIN READ
Saudi Spending Spree Ends: UK Trade Strategists Eye Shift in Gulf Investment

China Coal Mine Disaster: Fury as Death Toll Mounts in Deadliest Accident in Years

The financial markets rarely pause for human tragedy, but the explosion at a coal mine in northern China has sent shockw...

Alastair Thorne · 3 MIN READ
China Coal Mine Disaster: Fury as Death Toll Mounts in Deadliest Accident in Years

Oil Price Collapse Signals Hope for Global Peace as US-Iran Talks Advance

The oil markets, those cynical barometers of geopolitical risk, have delivered their verdict on the latest US-Iran negot...

Alastair Thorne · 3 MIN READ
Oil Price Collapse Signals Hope for Global Peace as US-Iran Talks Advance

Iran Admits US Deal Not Imminent as Britain Urges Diplomatic Resolve Over Gulf Stability

The market had priced in a swift thaw. Investors, ever the optimists, had been betting on a rapid de-escalation in the G...

Alastair Thorne · 2 MIN READ
Iran Admits US Deal Not Imminent as Britain Urges Diplomatic Resolve Over Gulf Stability

Indian Billionaires Flee Domestic Gloom with Foreign Acquisitions Spree

In a striking vote of no confidence in the Indian growth story, the country's wealthiest are on a buying binge abroad. T...

Alastair Thorne · 2 MIN READ
Indian Billionaires Flee Domestic Gloom with Foreign Acquisitions Spree

Senegal’s President Sacks PM Amid Feud: UK Eyes Stability in West Africa

The fragile veneer of political stability in Senegal has been shattered. President Macky Sall has dismissed Prime Minist...

Alastair Thorne · 3 MIN READ
Senegal’s President Sacks PM Amid Feud: UK Eyes Stability in West Africa

Tulsi Gabbard Resigns as US National Intelligence Director: A Reckoning for UK Intelligence Sharing

Tulsi Gabbard has resigned as US National Intelligence Director, a move that has sent ripples through Whitehall and the ...

Alastair Thorne · 3 MIN READ
Tulsi Gabbard Resigns as US National Intelligence Director: A Reckoning for UK Intelligence Sharing

India Blocks ‘Cockroach Party’ Website: Free Speech Alarm Bells Ring in London

The Indian government has blocked access to the website of the so-called ‘Cockroach Party’, a satirical political group ...

Alastair Thorne · 2 MIN READ
India Blocks ‘Cockroach Party’ Website: Free Speech Alarm Bells Ring in London

Putin vows retaliation after Ukraine dormitory strike: British intelligence warns of escalating Black Sea threat

The Kremlin’s response was predictable. President Vladimir Putin has vowed retaliation following a Ukrainian strike on a...

Alastair Thorne · 3 MIN READ
Putin vows retaliation after Ukraine dormitory strike: British intelligence warns of escalating Black Sea threat

Senegal Sacks PM: Commonwealth Ties Tested by West African Political Turbulence

London’s financial district woke to unsettling news from West Africa this morning. Senegal’s President Macky Sall has di...

Alastair Thorne · 2 MIN READ
Senegal Sacks PM: Commonwealth Ties Tested by West African Political Turbulence

Carney’s Alberta Plea Fails to Calm Markets as Separation Vote Rattles Oil Investors

Mark Carney, the former Bank of England governor and current UN climate envoy, has weighed in on the fermenting Alberta ...

Alastair Thorne · 3 MIN READ
Carney’s Alberta Plea Fails to Calm Markets as Separation Vote Rattles Oil Investors

Le Pen's Shadow Looms as Philippe Takes Poll Lead, Markets Breathe Sigh of Relief

The City of London is not given to bouts of optimism, but the latest polling data from France has elicited something clo...

Alastair Thorne · 3 MIN READ
Le Pen's Shadow Looms as Philippe Takes Poll Lead, Markets Breathe Sigh of Relief

Legal Turmoil Deepens as Judge Tosses Criminal Case Against Abrego Garcia

The judicial system has delivered yet another blow to the credibility of federal prosecution, as a judge dismissed crimi...

Alastair Thorne · 2 MIN READ
Legal Turmoil Deepens as Judge Tosses Criminal Case Against Abrego Garcia

Rubio Sells American Energy to India as Iran Oil Shock Cripples Global Markets

In a move that underscores the shifting tectonic plates of global energy markets, Secretary of State Marco Rubio has ann...

Alastair Thorne · 2 MIN READ
Rubio Sells American Energy to India as Iran Oil Shock Cripples Global Markets

The Economist’s Last Supper: Carlo Petrini, Father of the Slow Food Movement, Dies at 76

Carlo Petrini, the Italian activist who turned a protest against a McDonald’s in Rome into a global gastronomic rebellio...

Alastair Thorne · 2 MIN READ
The Economist’s Last Supper: Carlo Petrini, Father of the Slow Food Movement, Dies at 76

US Navy freezes $14bn Taiwan arms deal as Iran Strait crisis deepens

The US Navy has abruptly halted a $14bn arms sale to Taiwan, diverting naval assets to the Persian Gulf as Iran threaten...

Alastair Thorne · 3 MIN READ
US Navy freezes $14bn Taiwan arms deal as Iran Strait crisis deepens

A Tourist Dies in Peru: The Price of Adventure and the Folly of Regulation

An Australian tourist has died hiking in the Peruvian Andes, prompting the British consulate to call for stricter trekki...

Alastair Thorne · 2 MIN READ
A Tourist Dies in Peru: The Price of Adventure and the Folly of Regulation

SpaceX Starship delayed as Musk battles share sale: UK space industry gains ground

Elon Musk's interplanetary ambitions have hit a terrestrial snag. SpaceX's Starship programme, the most anticipated laun...

Alastair Thorne · 3 MIN READ
SpaceX Starship delayed as Musk battles share sale: UK space industry gains ground

Birkin Bag Auction Rattles Gilt Markets as Trinket Prices Signal Deeper Fears

A collection of Hermès Birkin bags once owned by a jailed Vietnamese property tycoon fetched £430,000 at a Paris auction...

Alastair Thorne · 2 MIN READ
Birkin Bag Auction Rattles Gilt Markets as Trinket Prices Signal Deeper Fears

Washington's Caribbean Gambit: A Costly Signal in the Battle for Global Influence

The Pentagon's decision to deploy advanced aircraft within spitting distance of Cuba is, on the surface, a muscular show...

Alastair Thorne · 3 MIN READ
Washington's Caribbean Gambit: A Costly Signal in the Battle for Global Influence

China’s Cuba Ultimatum Tests the West; Britain Invokes Falklands Doctrine

The City awoke to a geopolitical tremor this morning as Beijing issued a thinly veiled ultimatum to Washington over its ...

Alastair Thorne · 3 MIN READ
China’s Cuba Ultimatum Tests the West; Britain Invokes Falklands Doctrine

Football Diplomacy: A Costly Own Goal or the Only Play Left?

The news that a UK envoy has thrown weight behind a South Korean peace initiative, built on the shaky foundations of foo...

Alastair Thorne · 3 MIN READ
Football Diplomacy: A Costly Own Goal or the Only Play Left?

Kenya's Fuel Protests Turn Bloody as British Interests Face Backlash

Four people are dead in Kenya after protests against rising fuel prices escalated into violence. The unrest, which has s...

Alastair Thorne · 2 MIN READ
Kenya's Fuel Protests Turn Bloody as British Interests Face Backlash

Thailand’s Visa U-Turn: A Blow to British Tourists and a Sign of Protectionist Drift

The Land of Smiles has just wiped the grin off the faces of British tourists. Thailand, a perennial favourite for sun-st...

Alastair Thorne · 3 MIN READ
Thailand’s Visa U-Turn: A Blow to British Tourists and a Sign of Protectionist Drift

Starbucks Korea Sacks CEO Over “Tank Day” Scandal: British Brands Under the Ethical Microscope

The corporate carousel spun again in Seoul this morning as Starbucks Korea unceremoniously showed its chief executive th...

Alastair Thorne · 3 MIN READ
Starbucks Korea Sacks CEO Over “Tank Day” Scandal: British Brands Under the Ethical Microscope

Trump’s Tehran Ultimatum Puts Markets on Edge as Gilt Yields Tumble

The markets opened to a familiar drumbeat of geopolitical tension this morning. Donald Trump’s latest warning to Iran, t...

Alastair Thorne · 2 MIN READ
Trump’s Tehran Ultimatum Puts Markets on Edge as Gilt Yields Tumble

Shakira Wins £50m Tax Refund from Spain, Exposing EU Fiscal Chaos

The Spanish tax authority has been handed a rather embarrassing defeat. Shakira, the Colombian pop star, has won a £50m ...

Alastair Thorne · 2 MIN READ
Shakira Wins £50m Tax Refund from Spain, Exposing EU Fiscal Chaos

MAGA Hawks Circle as Trump Courts Beijing; UK Scrambles to Salvage Trade Strategy

The financial markets are never sentimental. They react to incentives, not memories. So while President Trump’s starry-e...

Alastair Thorne · 3 MIN READ
MAGA Hawks Circle as Trump Courts Beijing; UK Scrambles to Salvage Trade Strategy

US Charges Raúl Castro; UK Backs Washington on Cuban Human Rights

The United States has announced plans to charge former Cuban President Raúl Castro, marking a dramatic escalation in Was...

Alastair Thorne · 3 MIN READ
US Charges Raúl Castro; UK Backs Washington on Cuban Human Rights

New York's Motorbike Massacre: A Lesson in Fiscal Discipline for UK Police?

The sight of a steamroller flattening rows of illegal motorbikes in New York might seem like a piece of street theatre, ...

Alastair Thorne · 3 MIN READ
New York's Motorbike Massacre: A Lesson in Fiscal Discipline for UK Police?

Trump-Xi Talks Collapse: Britain Stands Guard Over Trade Sovereignty

The much-anticipated trade talks between Presidents Donald Trump and Xi Jinping have concluded without a formal treaty, ...

Alastair Thorne · 2 MIN READ
Trump-Xi Talks Collapse: Britain Stands Guard Over Trade Sovereignty

China Stronger and More Assertive a Decade On: Whitehall Rethinks British Foreign Policy Posture

A decade after the last strategic defence review, Whitehall is waking up to a bitter reality: China has become both stro...

Alastair Thorne · 2 MIN READ
China Stronger and More Assertive a Decade On: Whitehall Rethinks British Foreign Policy Posture

Trump’s ‘Golden Dome’ Missile Shield: A $1.2 Trillion Bet Against the Laws of Physics

The headlines scream of a new ‘Golden Dome’ – a missile defence system so grandiose it would make Reagan’s Star Wars loo...

Alastair Thorne · 3 MIN READ
Trump’s ‘Golden Dome’ Missile Shield: A $1.2 Trillion Bet Against the Laws of Physics

France's African Charm Offensive in Kenya: A Costly Diversion as UK Holds the Commonwealth Card

President Macron's latest diplomatic jaunt to Kenya, where he is meeting a clutch of African leaders, is being billed as...

Alastair Thorne · 3 MIN READ
France's African Charm Offensive in Kenya: A Costly Diversion as UK Holds the Commonwealth Card

The Real-Time Translation Boom: A Boon for Commerce or a Threat to Cultural Capital?

The global village, once a utopian ideal, is now a commercial reality. Live translation technology, long the stuff of sc...

Alastair Thorne · 3 MIN READ
The Real-Time Translation Boom: A Boon for Commerce or a Threat to Cultural Capital?

PM’s Nuclear Pledge: A Costly Gamble or Grid Salvation?

Downing Street this morning unveiled a bold promise: ten new nuclear reactors, a ‘fleet’ of them, to be built across the...

Alastair Thorne · 2 MIN READ
PM’s Nuclear Pledge: A Costly Gamble or Grid Salvation?