As Bitcoin attempts its latest price rebound after a 40% slump in three days, its long-term potential as an investable asset is becoming linked inextricably to its cost for the rest of society. This is increasing the pressure on policy makers to do more. The US Federal Reserve’s Lael Brainard nodded to this, when she warned that a proliferation of ...

By intercepting an airliner traveling between two European capitals in order to arrest a critic of his regime, Belarusian dictator Alexander Lukashenko has violated international law and committed an act of aggression against his neighbours. Initial statements from Western leaders have been forceful but insufficient. The EU should take swift action in response — and make clear to Lukashenko’s patron, ...

A t the highest level, it looks as if the Federal Reserve hasn’t done much of anything for several months. Interest rates remained pinned near zero. Officials insist that any moves higher in inflation are transitory. Asset purchases continue unabated. However, a significant shift appears to be brewing beneath the surface at the central bank that could drastically reshape a ...