BUSINESS
Too little. Too late. Too slow. But could COP yet turn the tide on climate change?
We started too late. We are going too slowly. A peak in global emissions seems closer than ever, even though the dramatic falls needed are still very hard to imagine
BUSINESS
How fast can Big Tech grow?
A 2028 p/e ratio is only as good as the growth estimates backing it.
MARKETS
Charlie Munger, Berkshire Hathaway vice-chair, 1924-2023
He told acolytes that they “should recognise reality even when one doesn’t like it” and that “there isn’t a single formula” for success in business or investing
BUSINESS
Gold: the consequences of war are shock and Au
Central banks’ gold purchases are not just providing demand. They also signal a more fractious global order
BUSINESS
Investors dump dollar in bet that US rates have peaked
Asset managers sell greenback at fastest pace in a year as market prices in more rate cuts next year
BUSINESS
OpenAI turmoil exposes threat to Microsoft’s investment
Satya Nadella’s bet on AI start-up destabilised by shock sacking of Sam Altman
BUSINESS
How Silicon Valley reunited Sam Altman and OpenAI
With the AI start-up’s future in peril, venture capitalists mounted an extraordinary campaign to reinstate the charismatic CEO
BUSINESS
The Sam Altman effect: ‘His superpower is getting people onside’
Ousted OpenAI chief inspires staff and investors as leader of the generative AI revolution
BUSINESS
OpenAI/Microsoft: non-profit’s mission is at odds with its biggest investor
The AI company depends on Microsoft’s cloud computing resources and the $10bn investment it pledged
BUSINESS
China’s rise is reversing
The past two years have seen the largest drop in the nation’s share of global GDP since the Mao era
BUSINESS
China stocks: Panda bearishness should counter any buy signal
No number of cute pandas can offset the asset deflation threatening the property sector
BUSINESS
The US-China currency wars are in an unstable lull
If Beijing returns to promoting export-led growth, tension over exchange rates may return
BUSINESS
The case for loosening is getting stronger
As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle
BUSINESS
Private equity faces a reckoning
The change in circumstances is dramatic after decades of triumphalist money making
BUSINESS
What we know about generative AI and the white-collar worker
Some jobs are vulnerable to automation but if you’re a ‘cyborg’ or a ‘centaur’ you can work better with robot help
BUSINESS
Can Japan ever pass the ‘Buffett horizon’?
The country should pause to consider what would happen if the talismanic investor decided to walk away
BUSINESS
Claudia Sahm: ‘We do not need a recession, but we may get one’
The former Federal Reserve economist on talk of a recession, the battle to tame inflation and the difficulties of forecasting
BUSINESS
Will US voters believe they are better off with Biden?
Under pressure after a string of damning polls, the US president is resting his hopes for re-election on his personal economic blueprint
BUSINESS
The coming battle between world leaders and bond vigilantes
As multiple nations go to the polls next year, pre-election spending by governing parties will be punished
BUSINESS
Tim Harford: The simple maths puzzle that shows us how to separate fact from fiction
Are you reflective, careless or hopeless? The answer might affect your ability to spot fake news
BUSINESS
Is the Federal Reserve done with interest rate hikes?
Chair Jay Powell says US central bank will proceed ‘carefully’ with any change to monetary policy
WORLD
The economic consequences of the Israel-Hamas war
How the conflict unfolds will have implications for a global economy already battered by a series of shocks
BUSINESS
The struggles of the offshore wind industry
Governments around the world have set ambitious targets to tackle climate change, but developers say power prices will have to rise to pay for it
BUSINESS
Big Oil’s transatlantic strategy gulf has never been wider — and that is OK
Mega-deals in the US make sense, but it’s not obvious why European groups should scale up too
