Which part of the US wealth distribution saw its net worth rise the fastest over the past year, five years and decade? No, not the top 1%, according to the distributional financial accounts published last month by the Federal Reserve. The rich had a great run, but they didn’t even come close to the percentage gains in real wealth seen ...

The almost theatrical massing of Russian troops on the Ukrainian border in recent days, which some researchers have described as the heaviest since 2015, brings home to Western leaders an uncomfortable truth: If Russia had the appetite for a major military operation, Ukraine would be at its mercy. Putin the opportunist, who seized a moment of confusion in 2014 to ...

Bloomberg Decades after being unshackled from government control, many of Europe’s largest airlines are being forced back into the arms of states by the pandemic. With air travel still showing no signs of recovery in the region, the carriers may have to contend with their saviours as powerful shareholders for some time to come. Air France-KLM became the latest to ...