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Should Big Tech be broken up?

© GRAEME JENNINGS/POOL/AFP via Getty Images

The question of breaking up Big Tech is back on the agenda following last week’s grilling of Silicon Valley’s top bosses (via video link, appropriately enough) by US politicians. David Cicilline, the Democrat chairman of the House Judiciary ...

yesterday 13:26 open_in_new
The charts that matter: precious metals, longevity and a cure for baldness

Welcome back.

We have a fantastic new podcast this week. Merryn interviews Andrew J Scott about The New Long Life, the new book he has just written with fellow London Business School professor Lynda Gratton. It’s a fascinating discussion of how we have the potential to live much longer ...

yesterday 09:14 open_in_new
8 August 1963: the Great Train Robbery took place

© Keystone/Getty Images

The Great Train Robbery of 1963 was arguably the most famous heist in British history. Five career criminals, led by antiques dealer Bruce Reynolds, learned through a mysterious informant who has never been identified about the schedule of a Post Office mail ...

yesterday 08:11 open_in_new
UK house prices hit a new record high – can it last?

© Geography Photos/Universal Images Group via Getty Images

As you might have noticed, we’re still in the grip of a pandemic, and we’re nowhere near seeing the end of the resulting surge in unemployment and business disruption.

So of course, UK house prices have just hit a ...

2020-08-07 18:26 open_in_new
Covid-19 sees a surge in early retirement

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2020-08-07 16:20 open_in_new
Turkey’s next currency crisis approaches

The Turkish lira is “back in the firing line”, says William Jackson of Capital Economics. The Turkish tourism industry has been hit hard by the pandemic, reducing crucial foreign-currency earnings. 

Rising tensions with EU member states have led to talk of economic sanctions. The ...

2020-08-07 15:17 open_in_new
South Africa faces a big economic storm
Recession hit South Africa has been the fifth-worst hit country in the world measured by the number of coronavirus cases. The local stockmarket has so far dodged the worst of the fallout, but worse may be to come for its economy. ...
2020-08-07 14:14 open_in_new
Platinum: the precious metal that looks set to play catch-up with silver and gold

© Graham Barclay/Bloomberg via Getty Images

Gold has continued to soar this week. Silver has soared even more.

I imagine that there are now two questions on the mind of the average investor reading this today.

Is gold in a bubble? If not, is there still time to get in on ...

2020-08-07 13:11 open_in_new
The charms of a trip on a canal

© Alamy

Floating down a British waterway in a colourful narrowboat named the Dame Mousey of Middleswick sounds impossibly twee, says Tracey Davies in the Metro. But it makes for one of the most relaxing holidays you can take. After all, “life has no choice but to slow down when you have ...

2020-08-07 11:05 open_in_new
Wine of the week: a staggering Bacchanalian creation

£24, 75cl bottle; £50, 150cl magnum; castlewoodvineyard.co.uk

Castlewood specialises in sparkling wines, but it took the decision to plant some Bacchus in 2016 and this wine is the very first release. The inspiration and the name (a Devon Minnow is a 200-year-old spinning lure) for this ...

2020-08-07 11:05 open_in_new
Eagle Lightweight GT: the reincarnation of the E-type Jag

Price: about £800,000; Engine: 4.7-litre, six-cylinder; Top speed: 170mph plus; 0-60mph: under five seconds; Power: 380bhp; Torque: 375 lb ft

Eagle, a small engineering company in East Sussex, is best known for taking classic Jaguar E-types and giving them a mild ...

2020-08-07 11:05 open_in_new
Collectables: rum comes of age

© Getty Images/iStockphoto

No longer just the frivolous spirit of pretty cocktails and beach parties, rum has come of age. Sales shot up by 53% over the past 12 weeks, making it the “spirit of the summer”, according to Waitrose. “We’ve been anticipating the year of rum for a while ...

2020-08-07 11:05 open_in_new
The US dollar is ripe for sharp depreciation

© Getty Images/iStockphoto

Has the greenback reached a turning point? The US dollar index gained more than 10% between March 2018 and April 2020. The index measures the greenback’s value against a basket of six major trading partners’ currencies. Yet that trend has now gone into ...

2020-08-07 11:05 open_in_new
Is the bond market wrong about inflation?

© Bettmann Archive/Getty Images

US GDP had its worst fall on record in the second quarter. It shrank by 9.5% from the previous quarter, a 32.9% slump in annualised terms. “That is... the equivalent of the first three years... of the Great Depression accelerated into just three ...

2020-08-07 11:05 open_in_new
Share tips of the week

(The Sunday Telegraph) This distributor often flies under the radar, but its deliveries of medical equipment, cleaning kit and disposable cutlery were vital to keeping the economy going during lockdown. First-half underlying sales grew by 5% Profit margins are expected to expand. Management ...

2020-08-07 11:05 open_in_new
7 August 1978: Love Canal declared a disaster

© Bettmann Archive/Getty Images

In the 1890s entrepreneur William Love attempted to build a canal from the Niagara River, initially to power local industries, and then to serve as the backdrop for a new township in New York. Both schemes collapsed, leaving a one-mile mini-canal. The pit ...

2020-08-07 10:02 open_in_new
Properties for sale for around £500,000

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2020-08-07 10:02 open_in_new
7 August 1946: Turkish Straits crisis reaches its climax

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For the Soviet Union, the Turkish Straits could not have been more important. Since ancient times, the narrow bodies of water that make up the Bosphorus and the Dardanelles via the Sea of Marmara held enormous strategic importance both militarily and in terms of ...

2020-08-07 10:02 open_in_new
HSBC finds itself in eye of the storm

© HSBC

An unexpectedly steep plunge in earnings, with first half pre-tax profits falling by 65% to $4.3bn, has prompted HSBC to announce that it will “accelerate” the axing of 35,000 jobs, says the BBC. The bank says bad loans linked to the coronavirus could reach $13bn (£9.8bn) as ...

2020-08-06 21:26 open_in_new
BP halves its dividend

BP engineers ©

BP has announced a record quarterly loss for the three months to the end of June – $17.7bn – and cut its dividend in half, says Graham Ruddick in the Times. BP’s shareholders also have a new strategy to get used to. 

This “radical” plan involves ...

2020-08-06 20:23 open_in_new
Profit from the fast growth of the haircare industry
Our society has become much more image-conscious, while new consumers worldwide want to look good too. From shampoos to new potential cures for baldness, here’s how to cash in, says Matthew Partridge. ...
2020-08-06 16:11 open_in_new