War on new fronts

As Defence budgets come under fire, defence companies are deploying new tactics to protect their profits. Britain is cutting military…

And now for the good news

Announcing the fiercest public-spending cuts in decades in the House of Commons on October 20th, George Osborne, the chancellor of…

Level worship

Ever since Ben Bernanke, the chairman of the Federal Reserve, signalled in the summer that he stood ready to keep…

Grounded

Michael Porter, a management guru, warned businesses not to be ?stuck in the middle.? Firms that use a mix of…

Marketmaters

A Truth universally acknowledged for some years in Western financial markets has been that a single stock exchange in possession…

The treat of treaties

It was supposed to be a final act. The Lisbon treaty, successor to the ill-fated European Union constitution, which…

A new epic

Six million tonnes of cement; 5m tonnes of pig iron; 4.12m tonnes of steel?China?s first five-year plan, formulated with…

Day of the long knives

Few announcements have been awaited with such foreboding. A drumroll of leaks and horror stories over the summer created…

Take that

When Terra Firma, a European private-equity firm, was considering buying EMI Group, a big music company, it referred to the…

Fumbling towards a truce

The organisers of this year?s annual meetings of the International Monetary Fund and World Bank, held in Washington, DC, on…

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Market Data