Economics
The yen should be strengthening as the interest rate gap with America narrows. Instead it remains stubbornly weak. The market may be signalling a deeper problem: Japan needs higher interest rates to support its…
Economics
Britain has world class finance, universities, science and enormous pools of capital. Yet it invests less than any…
Economics
For centuries, Western influence rested on more than military and economic strength. It also rested on the authority…
Economics
Military strength no longer rests on armies alone. Artificial intelligence, sovereign debt, industrial capacity, energy security and manufacturing…
Economics
Economics
Economics
Economics
World
Nearly 80 countries have introduced emergency measures as the Iran war spreads through the world economy. India is urging citizens to cut fuel use…
Economics
Martin Wolf sees the return of global imbalances as a problem of surplus countries saving too much and America borrowing…
Economics
The Bank of England should have raised interest rates. By holding back, it protected the cheap money regime that inflated…
Economics
The Iran war is no longer only a military conflict. It is exposing the fragile economic system built around cheap energy, long supply chains, dollar finance and open chokepoints.
Economics
Diplomacy has begun in Islamabad, but without direct US–Iran talks the economic damage continues to compound. The war…
Economics
The Middle East war is already pushing up fuel, freight, food and transport costs across India, Southeast Asia…
Britain
Britain’s reliance on gas means global shocks still drive domestic costs. The Middle East conflict is not creating…
United States
The dollar system is not breaking under geopolitical pressure — it is being exposed. As Washington shifts from Federal Reserve liquidity support to Treasury-led…
Economics
Economics
Economics
Economics
Defence
The ceasefire did not restore normal transit through Hormuz. It produced a rationed, militarised passage regime in which insurance costs,…
Economics
The Iran war did not end dollar power. It exposed the cost of overusing it. The United States still sits…
Economics
The quoted Brent price is no longer the whole story. The real stress is in the physical oil market, where buyers are paying far more for prompt barrels they can actually secure, ship and…
Economics
Economics
Economics
Economics
Economics
The Iran war is pushing oil toward $200 a barrel and driving a broader energy shock through the global economy. In Britain, that shock…
Economics
The conflict with Iran has done what decades of geopolitical tension could not: turn the Strait of Hormuz…
Economics
Europe’s defence surge is not just a military response. It is a structural reallocation of capital away from…
Economics
For more than forty years, the Chinese economy has sustained growth, industrial upgrading, and social stability under a…
Artificial Intelligence (AI)
This is the second article in a series examining why artificial intelligence can raise productivity without raising living standards. While…
Economics
Artificial intelligence is beginning to lift productivity in parts of the US economy. In Britain, it is not. The difference…