All the focus has been on DeepSeek this week, and its implications for the AI race between China and the US. Climate change has fallen far down the list of…
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2024 was the first calendar year that the global average temperature reached more than 1.5°C above the pre-industrial level. Last year’s jump in atmospheric carbon dioxide is particularly alarming. The…
Friday’s strong jobs report underlined the point: there is little reason for further rate cuts in the US. Other labour market indicators are consistent with the December payrolls report. NFIB…
The Federal Reserve embarked on an easing cycle, despite unprecedented fiscal deficits, a solid labour market, and core inflation settling well above target. As a result, it made sense to…
UK long-term borrowing costs are nearing the highest levels in more than a quarter of a century, in the wake of the Autumn budget, as the bond market braces for…
