Who would be a central banker in these febrile times, trying to navigate a path between soaring prices and a gloomy growth outlook? While policy makers everywhere face similar challenges, the ECB task is particularly tricky given its deeply negative interest rates. With the money market pricing in a rapid climb in borrowing costs that would threaten to tip ...

  In oil markets, the US Strategic Petroleum Reserve has a reputation a little like the one the Russian armed forces used to have — vast and fearsome, a rival you’d be unwise to tangle with. Russia’s aura of military invincibility was dealt a near-fatal blow over the past month in the muddy fields of Ukraine. The Biden administration should ...

Bloomberg A period of tension between Rinat Akhmetov and Volodymyr Zelenskiy appeared to reach a boiling point just weeks ago, after Ukraine’s leader slammed its billionaire oligarchs for fleeing ahead of an imminent Russian invasion. Now, in the midst of war, Ukraine’s richest person says he’s back in the country and that the two are on the same team, setting ...