Yes, Jay Powell is the compromise candidate for the Federal Reserve – but not a bad one at that
Perhaps we should be relieved that Donald Trump has made a dull appointment to succeed Janet Yellen as chairman of…
The City needs to make new friends but is becoming pals with Putin a step too far?
In connection with the receding possibility of a London Stock Exchange listing for Saudi Aramco, I wrote that the City…
Up the Zambezi: why Rio Tinto’s colossal coal cock-up is going to court
Another week, another blue-chip in the dock. The US Securities and Exchange Commission has brought fraud charges against London-based mining…
No, we’re not half a trillion poorer, but foreign investment looks shaky
How did we mislay half a trillion pounds? Revised data from the Office for National Statistics has just reduced the…
Bombardier is not about UK-US trade; it’s about planemakers’ dirty tricks
‘Bombardier exposes post-Brexit realities’ was the FT’s headline after the Trump administration imposed a 300 per cent tariff on sales…
Monarch was an airline from an earlier era – but were its owners to blame for its demise?
Monarch Airlines was the ghost of an earlier age of holiday travel. When I used to see its planes lined…
Uber was the snowplough that cleared the path but its dominance will fade
An Uber insider tells me not to write off the ride-hailing giant too soon, because it’s a very smart company…
Don’t get too excited about a November rate rise – we’ve been here before
It is more than three years since Bank of England governor Mark Carney was accused by Labour MP and Treasury…
The City still leads the financial world, but it faces a fight on all fronts
Should we place faith in a survey, conducted in June but published this week, that says London is still the…
The night David Tang maxed out his credit card
Arguably it was Robert Peston’s breathless reporting of trouble at Northern Rock on the evening of 13 September 2007 that…
Hurricane Harvey is bigger news than the bankers at Jackson Hole
In Houston last November I spent an evening at the city’s industrial-scale food bank, where I heard a presentation on…
The truth about Brexit? One professor’s guess is no better than another’s
Removing all trade and tariff barriers as part of a hard Brexit would generate ‘a £135 billion annual boost to…
Forget London’s lost Garden Bridge: bring on Nine Elms-to-Pimlico instead
I can’t work up much indignation at the collapse of London’s Garden Bridge project, which has been strangled by the…
Why is your holiday exchange rate so awful? Investors see hope for the eurozone
As usual for August, I’m in France, where the news in brief is ‘Euro up, Macron down’. The youthful French…
Why fudging Ireland’s Brexit border issue can only mean Troubles ahead
The question of what kind of border after Brexit will exist between Northern Ireland and the Republic will, I predict,…
Another German car-maker scandal is good news for Brexiteers
It came as no great surprise to learn that the EU competition authorities are crawling all over the three major…
Bending City of London rules for the Saudis smacks of Brexit desperation
Now here’s a tricky question. The world’s largest oil company, potentially worth six times as much as ExxonMobil and ten…
Who says cash in hand is fundamentally dishonest?
Would a cashless world be a better place, morally or fiscally? Matthew Taylor, in his relatively uncontroversial review of work…
Michael Gove’s welcome move to protect our fishermen after Brexit
I voted Remain last year for two reasons. First, however irritating I found some aspects of the EU, I could…
The next financial crisis is coming ‘with a vengeance’, says the expert. But when?
There’s a passage in Philip Larkin’s All What Jazz, the collection of his writings as the Daily Telegraph’s jazz critic,…
Why I’m sad to see Barclays in the dock, and astonished to see John Varley there
Regular readers know I have an umbilical connection to Barclays, because my father spent his working life there, I was…
Theresa May thought she didn't need business. She should think again
Take no notice of the resilience of the FTSE100 index, which, having reached record pre-election highs, shed barely 100 points…
The Board of Trade won’t boost exports if business conditions aren’t right
The last limp gambit of the Tory campaign was a promise to revive the Board of Trade. As a way…
BA’s disaster plan failed as soon as the smoke started coming out of its servers
The science of ‘disaster recovery planning’, together with the related art of ‘crisis PR’, is a core discipline of 21st-century…
Yes, Fred Goodwin will get off lightly, but RBS investors should settle
‘Fred Goodwin off the hook again,’ declared the Scottish Daily Record. That neatly summed up one strand of sentiment behind…
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