Hanging tough against Vladimir Putin was never going to be cost free. Energy prices are soaring, firms are pulling out of Russia and those that stay are at risk of nationalisation. There’s concern about global food supplies. Recession chatter has started, even as the world economy is still mopping up from the last one. It would be foolish to ...

Inflation is coming for consumers’ pricey pandemic habits. Whether choosing restaurant dinners delivered to their door or at-home meal kits, many Americans have prioritised convenience over cost for the past two years. Food-delivery was a big beneficiary. Some of the top platforms including DoorDash Inc and Uber Eats enjoyed triple-digit growth rates, supercharged by Covid fears and the suspension of ...

  When Rishi Sunak ditched his Thatcherite principles to flood the UK economy with public spending during the pandemic, he fully expected to roll back the largesse soon after. Instead, Britain’s Chancellor of the Exchequer found himself announcing successive new rounds of spending increases and raising taxes to their highest in more than 70 years. Sunak set out to bring ...