Nissan Motor Co’s decision to back out of its planned investment in its Sunderland plant has (surprise!) divided opinion in Britain along pro- and anti-Brexit lines. “It’s not you, it’s me” was the message Leavers read into Nissan’s statement. It wasn’t meant to be, they shrug. And, anyhow, Nissan is sticking around to make other models in Sunderland. Those worried ...

Even though evidence is mounting that the US economy may be soon heading into a recession, there are plenty of analysts who say that the surge in credit-card borrowing is a sign of strong confidence among households. That’s hardly the case. In fact, households’ confidence in the future growth of their incomes has been cooling since late last summer, which ...

Why have Australia’s big four banks been suffering over the past year? Is it the Royal Commission into misconduct in the financial sector, due to publish its final report after local markets close on Monday? Or is it the effect of a housing market entering a once-in-a-generation slump? While the real answer is probably a mixture of the two, it’s ...