BUSINESS
The big risk to equities now is earnings, not valuations
If central banks succeed in reining in the current surge in inflation by damping demand, earnings should follow suit
BUSINESS
Mohamed El-Erian writes: Central banks and markets share a secular awakening
The global economy is now facing growth disruptions, harmful inflation, greater inequality, and unsettling financial market volatility
BUSINESS
Global trade is not going into reverse, says Maersk boss
US and European companies spreading production around Asia rather than reshoring, shipping group chief claims
BUSINESS
The Fed’s war on inflation is also a battle for the minds of consumers
Chair Jay Powell seems to understand that public perception matters but shaping it may be beyond his control
BUSINESS
Why we trust fraudsters
From Enron to Wirecard, elaborate scams can remain undetected long after the warning signs appear. What are investors missing?
BUSINESS
Policy errors of the 1970s echo in our times
Vast debts make the world economy more fragile than it was over 40 years ago
BUSINESS
Market mispricing of risk will continue
The misallocation of capital is not just down to freakish monetary policy
BUSINESS
Economic thinking is at a crucial inflection point
The market-friendly governing philosophy that triumphed in the 1980s is on the defensive
BUSINESS
The WTO’s lonely struggle to defend global trade
What role does the organisation have in an era of fracturing multinational alliances and fears of deglobalisation?
BUSINESS
A tangle of cables is the price for Apple’s innovation
The EU attempt to impose a single mobile device connector by law is attractive but flawed
BUSINESS
Spac boom dies as wary investors retreat
Rising interest rates and the prospect of tougher regulation have deepened the challenges facing the market
BUSINESS
Trafigura warns oil prices could reach ‘parabolic state’ in threat to economy
Oil prices could rise to $150 a barrel or higher in the coming months
BUSINESS
‘Liquidity is terrible’: Poor trading conditions fuel Wall Street tumult
Small trades are triggering outsized price swings in the world’s biggest capital markets
BUSINESS
Meta: Sheryl Sandberg exits the metaverse
Without advertising growth, tech group’s transformation will not succeed
BUSINESS
Global rate gaps loom large for investors
From neutral to negative, central banks are taking vastly different paths
POLITICS
What is America’s end-game for the war in Ukraine?
The US is trying to provide effective military support to Kyiv while keeping the support of allies worried about a long conflict
BUSINESS
Now is the time for stockpickers in markets
Best returns can occur when a less cheerful scenario is reflected in security prices
BUSINESS
Tech stocks: Savvy short sellers make 34% profit from the rout
The sell-off covers profitless, high-growth companies as well as tech giants
BUSINESS
The Ukraine war casts its shadow over Davos
This year, Davos is more than just a discordant note in a festival of dealmaking and glad handing
BUSINESS
What are investors supposed to trust in now?
The idea of sticking with a long-term portfolio consisting of 60 per cent equities and 40 per cent bonds does not mean everything will always be fine
BUSINESS
Nowhere to hide
If you want to understand the fear that pervades markets now, you have to look at the dollar
BUSINESS
The hunt for Goldilocks: Central banks search for neutral rates
The tricky part: Policymakers get it wrong and let inflation jump out of control by keeping rates too low, or trigger a brutal recession by increasing too much
BUSINESS
Mohamed El-Erian writes: The dollar’s rapid rise increases risks for global economy
The concern is particularly acute for low-income countries hampered also by high food and energy inflation
BUSINESS
China’s economic activity plummets as COVID lockdowns hit growth
China’s economy had already been under pressure from a liquidity crisis across its highly leveraged real estate developers and a wider property slowdown as home sales collapsed
