When the bond market speaks, investors must listen

Interest rates are the universal point of reference for valuing all financial assets. But they are also part of a transmission mechanism that, via credit spreads, can cause financial crises.

If the ship is sinking, it doesn’t matter who is the captain

In today’s issue: DOGE dodges the real issues Trump offers a new colour of the carpet, not new policy The ship is sinking and politicians…

The insurance industry: climate change’s reluctant hero

Insurers are on the frontlines of climate change, safeguarding economies and enabling the energy transition. Without them, the risks are unthinkable…