News

Looking back over some old reviews recently, I found one where I absolutely leathered a place because, despite the fantastic food, I objected strongly to their completely “natural” wine list. What’s embarrassingly clear, reading it four years later, is how the experience made me feel impotent, disempowered and slighted. If I’d previously been in denial
Growth in the UK is projected to be lower than its peers in the coming years, and inflation is expected to be higher and more persistent. But I think it is worth looking at an underpriced risk: that a muddled government response might accidentally set the already-ruined British state ablaze because ministers lack a clear
Is Beyoncé still a pop star? It’s a question I’ve been asking myself over the past week as I walked around Brooklyn, where her latest album has been blasting steadily from cars and portable speakers, providing a soundtrack to late summer barbecues and block parties. I even witnessed one man playing Renaissance loudly through his
Last week something unusual happened. A chief executive who presided over a UK corporate failure received a financial punishment. The case in question was particularly egregious: the collapse of construction company Carillion in 2018 with £7bn in liabilities and £29mn in cash. The fines for directors? At less than £400,000 a piece, maybe not so
Tesla rival Lucid Motors halved its 2022 production target on Wednesday, citing “extraordinary supply chain” challenges as it tries to ramp up production and meet “strong demand”. The California-based group, backed by Saudi Arabia’s sovereign wealth fund, said 2022 production is now estimated between 6,000 and 7,000 cars, down from an earlier projection of 12,000
Hefty recent interest rate rises by the US Federal Reserve and European Central Bank highlight the concern among central bankers that high inflation could become entrenched and spiral further beyond their control. With many advanced economies facing the spectre of recession, monetary policymakers are grappling with an unenviable choice: raise rates gradually, which will more
Thousands of crypto accounts linked to the Solana blockchain have been “drained” in a blow to one of the biggest networks in the digital asset market. Solana and several other platforms linked to the blockchain were on Wednesday investigating an apparent hack that affected at least 7,767 digital wallets, the computer programs that store traders’
Boris Johnson sometimes joked that he dreamt of shaking up the Treasury by making John Redwood, the former cabinet minister and Thatcherite radical, his chancellor of the exchequer. It stayed a dream. His first two chancellors were orthodox fiscal conservatives. Liz Truss, the frontrunner to succeed Johnson as prime minister, is given to similarly puckish musings.