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Michael Pettis: Money Is Not Created Out of Thin Air

A recurring conversation I have with clients concerns the ability of banks to create credit, and of governments to monetise debt, and whether this...

The desolation of a South American giant

VENEZUELAN social media is a curious thing. There are few pictures of parents proudly showing off their kids, or people buzzing with their hazy...
Oil rig on land at sunset

Mining giant guilty of bribery charges

A MINING subsidiary has pleaded guilty in a London court to seven counts of bribery in Africa. Britain’s Serious Fraud Office exposed "profit-driven” bribery and...
Emma Marcegaglia

The quiet influence over European business

From the factory floor of her father’s steel business, to some of the biggest boardrooms in Europe, the rise and rise of Emma Marcegaglia...

Deep Oil: Unlocking the Poles

The arrival of peak oil — the point in time when global oil production peaks and begins to forever decline — has loomed for...