Peace by Dismemberment: The West’s New Ukraine Doctrine
A 28-point “peace plan” drafted by American and Russian envoys would require Ukraine to surrender vast swathes of territory currently occupied by Russia, cap the...
Fed Minutes: Hawks Circle as Cuts Lose Altitude
Many Federal Reserve officials judged that holding interest rates steady for the rest of 2025 would be the sensible, or at least the least regrettable,...
Supreme Court Scepticism on Tariffs Leaves Everyone in Limbo
President Donald Trump’s fondness for sweeping tariff powers met a wall of sceptical questions at the Supreme Court on Wednesday, hinting that the justices may...
AI, Austerity and Amnesia: US Firms Axe Jobs at Fastest October Pace in 22 Years
American companies announced the largest number of job cuts for any October in more than two decades, as artificial intelligence quietly redraws corporate headcounts and...
The Return of the Usual Suspects: Risky Sovereigns Ride the Global Yield Hunt
Some of the world’s most precarious sovereign borrowers are tiptoeing back into international debt markets, eager to cash in on investors’ growing appetite for yield,...
Fed Hawks Rebel as Powell’s Grip Slips
Three senior Federal Reserve officials have publicly distanced themselves from this week’s rate cut, underscoring the widening rift within the US central bank, and quietly...
ECB Holds Its Nerve as Inflation Nears Target and the Economy Refuses to Die
The European Central Bank left interest rates unchanged for a third consecutive meeting, with inflation conveniently hovering around 2 per cent and the eurozone economy...
Powell’s December Warning Exposes the Fed’s Growing Rift
Federal Reserve Chair Jerome Powell’s blunt message that investors should temper their hopes for another rate cut in December has laid bare the widening rift...
Fed Splits Set to Widen as the Cut-Happy Camp Meets Reality
The Federal Reserve is poised to deliver a second consecutive rate cut this week to shore up a fragile labour market, but extending the easing...