There is still a lot to fix at Deutsche Bank before it can hope to get near a decent return on equity, but in one area it has made definite progress: the cost and stability of its debt. Stock market investors should care. Deutsche Bank’s funding costs matter for its revenue prospects as well as for the expense of its ...

The placement of energy pipelines has always been shaped by political considerations, often at the expense of commercial ones. But the operation of existing lines is increasingly becoming politicised, too. And that’s going to hurt everyone. There are many examples of pipeline routes being selected to serve geopolitical ends. Russia’s construction of the Nord Stream 2 gas pipeline to Germany ...

Bloomberg China fired a missile from a hypersonic weapon as it approached a target during a test in July, the Financial Times reported, adding the Pentagon was surprised because no nation was known to have the capability. A hypersonic glide vehicle launched by China fired the projectile over the South China Sea while moving at five times the speed of ...