The sinking of the Russian Black Sea flagship Moskva was the first destruction of a major warship in combat since the Falklands war 40 years ago, when both the UK and Argentina lost large surface ships in the cold waters of the South Atlantic. For the Russians, you would have to go back to World War II to find a ...

Bringing manufacturing back to Europe — what’s called “reshoring” or “onshoring” — is a reasonable, if not vital, business strategy. Over the previous two decades, manufacturers shifted production of everything from cars to cosmetics primarily eastwards to China, in an attempt to cut labor costs and protect margins. The supply chain snarls brought on by geopolitics and Covid-19 are now ...

  Wall Street’s focus seems to have changed in recent days from how fast and how high the Federal Reserve will raise interest rates to the timing of the next recession. The two are not mutually exclusive. The consensus is that the Fed is so far behind that curve when it comes to increasing rates that it will have no ...