Award-winning financial historian delves into character-driven story of venture capital and the world it made. “Innovations rarely came from experts” Jeff Bezos, Elon Musk was not in the auto industry. When it comes to innovation, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at…
NatWest contributed to anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited, and sums so large that one branch’s two floor-to-ceiling safes proved “inadequate” for storing it all. The Bradford Jeweller Fowler Oldfield’s predicted annual turnover was £15m when first taken on as a client, but it ended up depositing…
In The Long Game, Rush Doshi, advisor on China in the Biden White House, draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, and memoirs by party leaders, to demonstrate that China is in fact playing a long, methodical game to replace America as a regional and…
Wall Street reporters, Eliot Brown and Maureen Farrell, probes into the saga of ambition by aspiring entrepreneur to hit big time and the reasons why some of the biggest names in banking and venture capital buy the hype? What does the future hold for Silicon Valley “unicorns”? “The Cult of We” explores these questions with…
UK inflation rate rises at highest in a decade at 4.2 per cent in October, amid fears over Covid recovery. Th jump, driven largely by rising fuel and energy costs, which puts further pressure on households across the UK. Demand for gas is pushing up energy prices worldwide, recovering from Covid pandemic. The shortages of…
Financial Times journalist Robin Wiggleworth, reveals the secret history of Index Funds, bringing to life the colourful characters behind their birth, growth and evolution into a world-conquering phenomenon, a story of the most pressing financial uncertainties of our time. In 1971, an unlikely group quietly assembled in the financial industry’s backwaters, unified by the heretical…
In 1966 two columnists from Newsweek magazine to debate the world of business and economics. Two most influential economist Paul Samuelson was an authority on Keynesian economics which supported the management of the economy along lines prescribed by John Maynard Keynes’s General Theory, and Milton Friedman, little known at that time outside conservative academic circles,…
The digital transformation of money fundamentally rewrite how ordinary people live as Prasad foresees the end of physical cash, although the driving force won’t be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. We bank from laptops and buy coffee…
NatWest Bank has pleaded guilty to failing to prevent alleged money laundering of nearly £400m by one customer. NatWest said “We deeply regret” failing to “adequately monitor and therefore prevent money laundering by one of our customers between 2012 and 2016”. The case was brought by the Financial Authority (FCA) which alleged the bank failed…
Pandora Papers The latest Pandora papers exposes offshore dealings and secret financial documents of presidents, prime ministers and royalties. Thirty five current and former leaders and more than 300 public officials are featured in the files from offshore companies, dubbed the Pandora Papers.King of Jordan amassed £70m secret UK and US properties empire. Blairs saved…