One big argument against Jeremy Corbyn’s plan to re-nationalise large chunks of the British economy was that it would prove eye-wateringly expensive. Yet one of the companies in the sights of the opposition Labour Party’s leader, Royal Mail Plc, is turning out to be anything but. The postal operator’s heavily shorted shares plunged 9% on February 6 to a fresh ...

Crude oil has had a grim start to the year, with prices hovering around $50 per barrel as China’s coronavirus epidemic shuts down swathes of the world’s second-largest economy. A rebound akin to the one that followed the end of the Sars outbreak is unlikely this time. Back in 2003, China was on a growth trajectory. The economy was also ...

Large infrastructure projects are almost always delivered late and massively over-budget. Then everyone forgets about the fuss and marvels at the achievement. Few people regret today that Britain and France built a rail tunnel under the English Channel, yet it cost a fortune and nearly caused the owner to collapse. One must be wary, then, of the often nimbyish opposition ...