The Brexit-battered pound jumped for joy when European Union (EU) trade negotiator Michel Barnier told an audience in Slovenia that a finalized divorce agreement between the UK and the EU is ‘realistic’ in six to eight weeks. That doesn’t mean that we can all exhale by November. The divorce deal – which dictates the amount the UK will pay into ...

It’s lucky for airline executives that they’re a well-paid bunch, because when things go wrong the job’s a living nightmare. Besides the ever-present, low-level risk of a tragic accident, the complexity and customer-facing nature of aviation means that any operational snafu can become a crisis that dominates news coverage for days. Alex Cruz knows this only too well. Since being ...

As bad as the 2008 crisis was, the cure could be worse. After Lehman Brothers fell and the US government stepped in to rescue finance from its worst instincts, many demanded that banking become “boring” again. Stolid lending, it was argued, was what banking should be all about. It’s time to recognize that this was a mistake. Finance is indeed ...