The Avery’s most lasting legacy was the inadvertent triggering of a new model for the global economy. Henry Every was the seventeenth century’s most notorious pirate as the British government offered enormous bounties for his capture alive or preferably dead. Every’s most lasting legacy was the inadvertent triggering of a major shift in the…
Trade conflicts caused by governments promoting the interest of the elite at the expense of workers. Across the world, the rich have prospered while workers can no longer afford to buy what they produce have lost their jobs, or have been forced into higher levels of debt. The class wars of rising inequality are a…
Navinder Singh Sarao, a mathematical prodigy turned trader , a Cheeky school boy tuned to supposedly master criminal, contrived to have himself hunted down by the FBI for crashing the US Stock market, from a computer in his bedroom in his parental home under a flight path in drab London suburbia in working-class neighbourhood of…
Chancellor Rishi Sunak in his bold budget speech suspended business rates for shops and cafes, Beer, wine and cider duties were frozen as pubs get help, UK interest rates cut in an emergency move, and promises his measures to help the economy tackle the coronavirus outbreak which is expected to bring a “significant” short-term…
The Royal Mint today launched a James Bond commemorative coin and gold bar collection ahead of the release of the 25th 007 James Bond film, No Time To Die. The Royal Mint has produced a 7 kg (15lbs) gold coin designed by Laura Clancy, which is a one-of-a-kind piece featuring an engraving of an Aston…
Facebook only evolved after there was six degrees, Friendster and MySpace, on college campuses like Stanford, people digitising their printed facebooks as early as 1999. Mark Zuckerberg was in high school at Exeter, a classmate of his name Kris Tillery built a database of student headshots and put it online along with their phone numbers,…
Morgan Stanley said it will buy discount brokerage E-Trade Financial Corp in a stock deal worth about £10.7bn ( $13bvillion), the biggest acquisition by a Wall Street bank since 2008 financial crisis. Morgan Stanley CEO James Gorman enters into an ambitious course with a $13billion e-trade deal. In 2009 Morgan Stanley purchased Smith Barney…
More is an eloquent and detailed new history of the global economy from Philip Coggan, a senior economist journalist, and former Financial Times columnist – is very concerned that what compound economic growth has achieved is not even generally appreciated. More takes us through the development of the world economy starting with the first obsidian…
There is a scandal in the Wealth Management division of Deutsche Bank which paid £1.1m to secure the wealth management business of a senior Saudi Royal financial adviser, whose wife was paid according to an internal probe that led to two former employees being reported to criminal prosecutors. The money transfers were arranged in 2011…
The modern liberalism since 1843, The Economist has been the single most devoted and influential champion of liberalism anywhere in the world. Today, neither economic crisis at home nor permanent warfare abroad, has dimmed the Economist’s belief in unfettered markets, limited government and a free hand for the West. The history of liberalism is on…