Amid the carnage of war in Ukraine, one man appears to feel grimly vindicated, if not quite happy about how things have turned out — the man who played an outsize role in starting the conflict in 2014, Igor Girkin, also known as Strelkov. Few people are hated as much in Ukraine as Strelkov (I’ll use his nom-de-guerre throughout, since ...

In the global financial crisis, we learned the hard way that excessive leverage can bring down the economy — even if it doesn’t sit directly on the balance sheets of systemic banks. We also learned the importance of robust governance, risk management and controls. Unfortunately, we are seeing evidence that, in some parts of the banking and wider financial system, ...

  Could this mean peace in our time? Positive sounds about a possible ceasefire in Ukraine sparked a surge in global stock markets, particularly in Europe. Oil prices took a dive, and ructions in the bond markets intensified. A Russian announcement that its military was cutting back activity around Kyiv and Chernihiv in the north of Ukraine to concentrate on ...