MoneyWeek

Foreign exchange used to be such a faff. When I was a child, a car trip from Austria, where I grew up, to Britain to see relatives would involve Austrian schillings, German marks, Belgian francs (especially bilious banknotes) and British pounds (both

Opec+ has given US president Joe Biden “the middle finger”, says Jim Geraghty in National Review. The alliance of oil-producing countries, led by Saudi Arabia and Russia, has defied US pressure and announced that it will cut production by two million

Vietnam’s benchmark VN-Index has slid by 30% this year, say Nguyen Kieu Giang and Ishika Mookerjee on Bloomberg. As elsewhere, investors have taken fright at tighter monetary policy. The central bank raised its key policy rates by one percentage poin

UK government gilts were hit by a fresh wave of selling this week, which prompted more emergency announcements by the Bank of England (BoE). The 30-year gilt yield hit 4.76% on Monday, the highest level since the Bank first intervened in gilt markets

Liz Truss left the Tory party conference last week “with a mountain to climb and no evidence of a map”, says Simon Jenkins in The Guardian. Labour is streaking ahead in the polls by 20 to 30 percentage points, while Keir Starmer’s Labour party has as

Shell showing cracks: Shell’s shares fell last week after the company reported a weakening third- quarter performance that may signal an end to its run of record profits, said Will Mathis on Bloomberg. Shell’s trading update, which comes ahead of a f

In her party conference speech last week, Liz Truss promised to put “affordable childcare” at the centre of her supply-side reform and economic growth agenda, and her government has presented various draft proposals to the media ahead of more concret

Business doesn’t get much bigger than foreign exchange (forex). In 2020 roughly $20trn moved across borders. The currency market is the biggest in the world, with a daily volume of around $6.6trn. The forex market used to be the preserve of banks, bu

nationalreview.com For more than a century, “urban grandeur has been defined not by great cathedrals or palaces but soaring office towers”, says Joel Kotkin. Now these skyscrapers are “becoming as anachronistic as the old factories that once drove

What is wrong with the property market? The fortunes of the sector are well illustrated by the dismal performance this year of TR Property Investment Trust (LSE: TRY). This £1.4bn trust invests primarily in the shares of property companies, with 62%

For many stockmarket investors, the past few months have been a horror story. In particular, shares in cyclical industries – those whose sales and profits are closely tied to the economic cycle – have cratered as fears mount that a nasty recession is

A bleak winter is looming, with energy prices soaring and warnings of three-hour blackouts this winter as our supply is rationed. Last week the government scrapped plans to launch a £15m energy-saving public information campaign. That may save the go

Public-policy analysts are calling it the “Great Un-resignation”. More than 700,000 retired Britons – 6% of pensioners – are considering returning to work because they are struggling to get by on their pension income, market research group Opinium re

News that Pan Shiyi and Zhang Xin, China’s most cosmopolitan business couple, have quit as chairman and chief executive of their commercial and residential property empire, Soho China, is more evidence of “the twilight of entrepreneurs” under Xi Jinp

Kavala “may not be a name you’ve heard of”, but it’s sure to be one you remember, says Tina Walsh in The Telegraph. This “unexplored gem” is known as the Blue City “thanks to its enchanting position overlooking the Aegean Sea” and combines a rich Byz

The Old Mill, Harley, Shropshire. A former mill requiring renovation, surrounded by large gardens and grounds, and with open views to Wenlock Edge in the Shropshire Hills. It has beamed ceilings, a substantial double-height reception room and an open

Hernan DiazPicador (£16.99) If you’ve ever studied financial history – or indeed any other type of history – you’ll know that it’s frequently difficult to establish the exact truth about past events, as people’s accounts never completely align. What’

This week’s deal comes from a late-night high-stake game. Are you a night-owl? * Can hardly be blamed, holding an extreme misfit including a defensive Trump trick.** Should East remove the double having already bid his hand? Perhaps – given his Spade

Belarus’ president Alexander Lukashenko is reportedly imposing a ban on price rises in response to “exorbitant” inflation. “How dumb can these people be?” is a frequent question here at the Bonner Private Research headquarters. We plumb the depths of