MoneyWeek

If someone asks you how many people work in your company, the correct answer is probably “about half”. In any group endeavour, there are a few individuals doing most of the heavy lifting. The stockmarket is no different. Deutsche Bank’s Jim Reid note

“We are witnessing the beginning of the end of the fossil-fuel era,” Fatih Birol of the International Energy Agency (IEA) tells David Sheppard in the Financial Times. New IEA projections show that worldwide demand for oil, natural gas and coal will a

The US housing slump may already be over, says Nicole Friedman in The Wall Street Journal. Average 30-year fixed mortgage rates (the most common type) recently topped 7.3%, a 23-year high. But after five months of year-on-year declines, prices began

The “US dollar is king again”, says Anna Cooban on CNN. The dollar index, which measures the greenback against a basket of trading partners’ currencies, hit a two-decade high in September last year before sliding by 12% in ten months. Signs that US i

The revelation that 28-year-old Chris Cash, a parliamentary researcher, was arrested on suspicion of spying for Beijing in March, has “focused a spotlight” on the British government’s approach to China in the interim, says Lucy Fisher in the Financia

Smurfit looks west: Irish FTSE-100 cardboard packaging giant Smurfit Kappa is “[gravitating] towards a market that has much more liquidity and higher ratings”, according to its CEO, Tony Smurfit (pictured). In other words, it is switching its main li

Labour-run Birmingham City Council, which is the largest city council in Europe, serving more than a million people, has said it can no longer balance its budgets and is in effect broke. Councils are not actually allowed to go “bankrupt”, and cannot

Hardly a week goes by without the government offering subsidies to one of the major car makers. This week it was the news that BMW is investing £600m to convert the factories that make the Mini to electric production, with around £70m of that coming

unherd.com Anyone who has read Robert Burton’s “sonorous and digressive 17th-century masterwork” The Anatomy of Melancholy will know that the opposite of the disorder of mind we now call depression is “not happiness but energy”, says Aris Roussinos.

Trying to hedge yourself against tail risks such as geopolitical tensions is often a waste of time and money. However, there is one strategy that has been very profitable: investing in defence and aerospace businesses. For example, the US-focused S&P

A new form of The Great Game is afoot in Latin America. The US, China and EU are scrambling to amass political power and natural resources in the region. The pandemic, the war in Ukraine and the energy transition have all prompted these economic supe

Uranium is a sector that few people understand, and fewer want to touch. It has languished in relative obscurity since 2011, when a tsunami hitting the Fukushima Daiichi Nuclear Power Plant highlighted what can happen when nuclear power threatens to

As long-time readers will know, I have been encouraging readers to buy bitcoin since 2013. I continue to do so. Everybody should own some bitcoin. Its potential is too enormous to ignore, and I feel a percentage of everybody’s portfolio should be all

Seven in ten people want the age at which they can claim the state pension to be reduced, new research shows. But they are almost certain to be disappointed. Ministers plan further increases in the state pension age in the years ahead, from 66 today

Argentines are sick of their “parasitic, thieving and useless political caste”, says Javier Milei, the libertarian frontrunner to become the country’s next president. Since the 1940s, Argentine politics has been dominated by Peronism, an ideology “he

Tesla claims its Model S Plaid is the fastest-accelerating production car in the world, says Illya Verpraet in Autocar. “We’ve timed the Plaid from 0-60mph in 2.4 seconds, which is quicker than our previous record holder, the Bugatti Veyron Super Spo

Stamps have to be among the most charming of collectables. These often colourful little squares at once conjure up romantic images of exotic destinations and rich histories – the ubiquitous stern-faced British monarch a reminder that our little kingd

Tucking Mill, Parracombe, Devon. A renovated former mill in Exmoor’s National Trust Heddon Valley, close to the beach at Heddons Mouth. It comes with a lodge house with permission to use as a holiday let. 3 beds, 2 baths, open-plan sitting/dining roo

West led a Heart to East’s King versus Three Notrumps. Declarer ducked and perforce won the Knave of Hearts return with the Ace. Needing a favourable Club finesse, at trick two declarer successfully passed the Queen of Clubs. Guessing that West would

The start of this month marked Labour Day in the US. Why does the country have a national holiday to celebrate labour? Work has always been with us. People hunted and gathered. Then, they planted and reaped. But it was only with the arrival of capita