Big, beautiful deals remain elusive

“Pick a side,” says The Economist. While the US and China have smoothed over their own trade spat, US strategy has pivoted to pressuring “unfortunate third countries” to do the dirty work of isolating

Issue of the week: renewed tariff turmoil ...

Picking through a murky market outlook for the rest of 2025

Issue of the week: the US/UK trade accord ...

Issue of the week: are markets too complacent? ...

Oil shock averted? World leaders and commodity traders have spent the past fortnight on edge as the long-running Iran-Israel conflict turned hot. Matters came to a head at the weekend when the US dire