“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

The leisure sector is but part of the gigantic services sector, which accounts for roughly 80% of UK GDP. The latter encompasses everything from professional services such as solicitors and accountant

Zipcar reverses out of Britain: Zipcar, the car-sharing group owned by US rental company Avis Budget, is leaving the British market. The UK unit swung to a £4m operating loss in 2024 from a £303,000 p

The winners and losers of 2025 It felt ...

We are in a real-life game of Risk. In 2019, Fiona Hill, an official at the US National Security Council during Donald Trump’s first term, said the Russians had informally proposed a plan whereby they

More than two in five US adults are now classified as obese, and rates are rising across the rest of the world too. It is a chronic disease associated with a costly catalogue of long-term ill health,