The 2008 crash tested financial globalisation. In 2020, the chaos of the early months of the Covid-19 pandemic led many to question the world’s dependence on complex global supply chains. These last few months, however, as vaccination programmes have taken off in some parts of the world and stalled in others, have raised even deeper doubts about globalisation and the ...

Savings have soared during the pandemic, particular among older Europeans. Barclays Plc estimates that seniors amassed excess savings of 600 billion euros ($722 billion). This would surely provide a boost to Europe’s economy if unleashed upon the high streets. Yet most observers believe much of the cash will remain unspent. What’s behind this hoarding? The region’s negative interest rates are ...

Prime Minister Boris Johnson is fighting (at least) two big political fires. They may not substantially impact the Conservative Party’s fortunes at the May 6 local elections, but these blazes suck oxygen from policy making, undermine public trust and distract from attempts to rebuild and rebalance the British economy as it emerges from the pandemic. What’s worse, the harm to ...