MoneyWeek

Cryptocurrency adverts starring high-profile celebrities have vanished from US television as the crypto crash deepens, says Bloomberg. Commercials for crypto trading featuring stars such as basketball player LeBron James (pictured) and actor Matt Dam

Eastern Europe is heading for recession, say Raphael Minder and Marton Dunai in the Financial Times. Poland’s economy shrank by 2.3% during the second quarter. Annual inflation has hit 15.6%, while consumers’ confidence is at its lowest level since t

“If you’ve ever seen a gain slip through your fingers, you know the feeling of regret can be powerful... Over our investment lives, we all have missteps... I remember, for example, looking at Apple’s stock in 2004, when it was trading around $1... I

“The only way to win money from a casino is to own one,” says Jacky Wong in The Wall Street Journal. But even that has proved a losing bet in Macau over the last two years. Long the world’s top gambling hub, the Chinese city saw its revenue plunge by

A period of “unusual comity” among big drugmakers, who “looked past traditional rivalries” to find medicines that could fight Covid-19 is coming to an end, says Joseph Walker in The Wall Street Journal: Moderna is suing Pfizer and BioNTech. Moderna c

Honda and South Korea’s LG Energy have announced that they plan to build a $4.4bn electric-vehicle (EV) battery factory in the US, say River Davis and Dasi Yoon in The Wall Street Journal. Honda is planning a full switch to EVs by 2040. The decision

Royal Mail is already suffering “the biggest strike of the summer”, says The Telegraph. And it is now facing an enquiry. A billionaire investor known as the “Czech sphinx” is preparing to up his stake in the business. Business secretary Kwasi Kwarten

The Mail on Sunday IP Group specialises in finding promising early stage businesses and helping them flourish. Its biggest success to date has been Oxford Nanopore Technologies, a DNA-sequencing company known for identifying Covid-19 variants. But IP

Germany’s Fuchs Petrolub, which makes industrial oils and lubricants, is already a key supplier to the car industry. Its products include cooling fluids for electronic components and high-quality lubricants for electric-vehicle (EV) motors . Now, in

Thailand’s agricultural conglomerate Betagro, whose activities include selling animal-feed, pet food and producing meat, is seeking to raise about 20bn baht ($554m) in its upcoming initial public offering (IPO), says Bloomberg. It plans to sell 500 m

Rishi Sunak, the Tory leadership contender, has issued a “scathing” criticism of the government’s handling of the pandemic, arguing that scientific advisers were given too much power, says Jasmine Cameron-Chileshe in the Financial Times. The former c

China is in the midst of a “perfect storm”, says the Financial Times. It is suffering a heatwave that “has no precedent in world climatic history” – temperatures in some regions “are now 7˚C higher than the average level over the past decade. That ha

With the new Conservative leader due to be revealed next week, punters are more convinced than ever that it will be Liz Truss, not Rishi Sunak, who will be visiting the Queen at Balmoral. With £6.08m matched on Betfair on the next Conservative leader

● The pandemic didn’t kill cinemas, but “the same can’t quite be said of debt-laden cinema chains”, says Cat Rutter Pooley in the Financial Times. Vue has done a debt-for-equity swap, while Cineworld is mulling a Chapter 11 bankruptcy in the US. The

Hardly a day goes by without one whizzy technology company or another announcing it is trying out new ways of working, or experimenting with staff benefits. Last week Atom Bank, a tech-based challenger to the traditional high-street lenders, said it

Stephen Roach Australian Financial Review China’s economic slowdown isn’t just a “natural plateau”, there are “three powerful forces at work”, says Stephen Roach: “a structural transformation of the economy, payback for past excesses, and a profou

A futures contract is an agreement to buy or sell an asset – such as oil, gold, currency or shares – at a prearranged price on a prearranged date (known as the delivery date). Futures may be physically delivered (which means that the seller must deli

Commodities markets have been going wild this year, especially in energy. Supply shortages and huge swings in prices have been wrong-footing even traders who should know exactly what to expect. Take European power (electricity) markets. On Monday, Ge

“We’re nowhere near done with this inflation problem,” says investment strategist and long-time gold bull Peter Schiff. “It is going to be for years and years and years. Probably the remainder of this decade, and probably then some.” Inflation in the

“People who have it don’t like to talk about it. We should all talk about money a lot more.” Actor and playwright Ben Norris (pictured), quoted in The Sunday Times “If you work hard, and you’re nice, then you might get to do really amazing things.

conservativehome.com Neil O’Brien MP has criticised his own government’s policy on immigration, worrying about the political cost of not getting immigration levels down, but the reality is that things are working pretty well, says Jonathan Portes.

theconversation.com There were more than 400,000 discharges of raw sewage into rivers and coastal seas in England and Wales in 2020, say Peter Cruddas and Keiron Roberts. Southern Water was recently fined a record £90m for dumping up to 21 billion

slate.com After a year that saw its subscriptions dip and shares plummet, Netflix is moving away from “labour of love” projects – Martin Scorcese’s long rumination on the dying regrets of a hitman in The Irishman, for example – in favour of what th

Lynas Rare Earths (Sydney: LYC) boasts the Mt Weld Central Lanthanide Deposit (CLD), one of the highest-grade rare-earth deposits in the world. Mt Weld also encompasses other resources, such as the undeveloped Duncan, Crown and Swan deposits, which c

Supermarkets offer consumers the illusion of choice. However, the food industry is highly concentrated, with most sectors being dominated by a handful of companies. For example, in the dairy sector Danone generates €24bn in annual revenues, Lactalis

Fast-food chain McDonald’s is shaking up its board following pressure from activist investor Carl Icahn, says The Times. Anthony Capuano, the CEO of hotels group Marriott, will become a non-executive director, while Sheila Penrose, who led McDonald’s

Zimmer, which has a market value of $23bn, made an operating profit of $780m (10% of sales) in 2021, with net earnings of $402m. Adjusted net earnings (excluding amortisation of intangibles, restructuring and other items) were $1.55bn. Diluted earnin

Students across the country have received their A-level results and are now preparing to start university in the autumn. One key consideration is opening a student bank account. Pick wisely and this account will help you manage your finances for the

■ “Jupiter Fund Management is in talks to sell its entire stake in Starling Bank months after the digital lender’s valuation passed £2.5bn,” says Sky News. The fund manager, which owns nearly 10% of the bank’s equity across its UK Mid Cap fund and ot

There is a growing discrepancy between the interest rates available to people who are computer-savvy and those that prefer to bank in branch. “More than three-quarters of the best savings accounts in the last year could not be opened in a branch, lea

The FP Octopus UK Multi Cap Income Fund blends companies from across the entire British stockmarket to construct a portfolio capable of above-market earnings and dividend growth throughout the economic cycle. The fund seeks to generate an attractive

■ Doctors and senior nurses may be given access to a new system of pension tax and benefit rules as the state seeks to stem the number of staff leaving the NHS. Ministers are reportedly considering a raft of changes to the NHS Pension Scheme to count

● Soaring inflation means your home contents or buildings insurance may no longer cover you, says The Times. Policyholders have been advised to check the value of their items as well as re-examine their building costs. The price of household furnitur

● Older savers struggling to pay their bills as the cost of living soars may be tempted to cash in their pension plans early, experts warn, putting their standard of living in retirement at risk. Under the current rules, savers with private pension s

The stock of video-conferencing group Zoom Video Communications (Nasdaq: ZM) has slipped again following disappointing results, says CNBC. Zoom notched up $1.10bn in revenue for the quarter to 31 July, short of the $1.12bn expected, and also lowered

South African miner Thungela Resources (LSE: TGA) has seen its shares soar following a surge in profits, says the Financial Times. South Africa’s largest exporter of thermal coal says earnings for the six months to 30 June rocketed by almost 3,000% t

Hewlett-Packard (HP) was founded in 1939 by two graduate engineers, Bill Hewlett and David Packard, and later became one of the key companies in the technology cluster now known as Silicon Valley. By the time Léo Apotheker was appointed CEO in Novemb

2020 Craggy Range, Aroha, Te Muna, Martinborough, New Zealand (£65) Craggy Range’s owners, Terry and Mary Peabody, have established a 1,000-year trust, meaning this pioneering winery can never be sold. This deed underlines how seriously this family

£25 The wholesale price of a pint of beer if prices had risen as fast as energy prices, Greg Jackson, founder and CEO of supplier Octopus Energy, told BBC Radio 4’s Today. Jackson is calling for government intervention ahead of the rise in the price

A True Story of Russian Money Laundering, State-Sponsored Murder, and Surviving Vladimir Putin’s Wrath Bill Browder Simon & Schuster, £20 The invasion of Ukraine has prompted many countries to examine their complicity in Russian money-laundering, s

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