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Russia will probably be permanently shut out of the global energy market once Europe weans itself off the country’s oil and gas, according to executives of energy producers Chevron and Woodside Petroleum, in a boost for rivals in the US and Australia. European nations are seeking new sources of oil and gas after Russian president

Whatever Russia does in Ukraine, the China threat is still Joe Biden’s priority — he has made that plain. What he is reluctant to broadcast, however, is that America is approaching the China duel with one arm tied behind its back. The US is happy to boost its military budget, send more ships to the

If Japanese prime minister Fumio Kishida is to succeed in his aim of awakening the “animal spirits” of capitalism in his country, then the local start-up scene will be one place to look for evidence. The scene is so under-developed that even Masayoshi Son, SoftBank’s Tokyo-based founder and the world’s largest tech investor, has largely

Landsec, one of the UK’s largest listed landlords, has swung back to profitability, reversing some of the losses incurred during the pandemic as people gradually return to high streets and offices. The FTSE 100 company posted pre-tax profits of £875mn for the 12 months to the end of March, swinging from a £1.4bn loss the

Elon Musk said his agreed $44bn purchase of Twitter “cannot move forward” until the social media platform provides proof over the number of fake accounts, just hours after he warned the takeover might fall through. On Tuesday morning, Musk hit out again at Twitter chief executive Parag Agrawal for refusing to provide proof over the

I was only a few hours into my stay at Suite Dior 30 Montaigne, the ultra-exclusive new accommodation located in the French house’s historic headquarters, when I realised I could abandon the habit of picking up after myself. When I left a room for a short amount of time, anything left askew was snappily rearranged. The handbag

We and the Iranian people are still paying a high price for the 1953 coup that replaced Mohammad Mossadegh, the widely popular prime minister of Iran, with the autocratic rule of the Shah. That coup, organised by the CIA with Britain’s enthusiastic assistance, eventually led to the Islamic Revolution of 1979 and everything that flowed

Boeing’s decision to transplant its corporate headquarters from Chicago to Arlington, Virginia should have signalled a new chapter in the industrial giant’s history. Instead, the move has drawn criticism for taking management further from the company’s spiritual home, the commercial aircraft factories of Seattle, and closer to its defence operations. Unions and industry experts have

I am a British expat living in Spain considering sending my child to school in the UK. I’m aware that an unintended consequence of this can be an unwanted change in my tax residence status. What can you tell me about this? Annie Bouch, associate in the tax and wealth planning team at law firm

It was impressive timing. Just five weeks after Treasury minister John Glen stood up and made an unexpected pitch for the UK to be “the very best place in the world to start and scale crypto-companies”, the crypto markets have experienced a disorderly collapse that has prompted questions about the entire endeavour. First, a huge

Archer Daniels Midland is partnering with a lab-grown meat start-up as the US agricultural trader expands its alternative protein business, further diversifying the company beyond trading and processing agricultural commodities. The Chicago-headquartered group has entered into a joint development agreement with California-based Eat Just, which became the world’s first lab-grown meat maker to receive regulatory

John Plender (The Long View, May 7) is not alone in believing that “the rate of interest”, as measured by bond yields and the central bank rate, defines monetary policy. But the Federal Reserve’s actions on interest rates cannot explain the current inflation surge. The federal funds rate was lowered from a bit above 1.5

In the early 1980s, a young man became so obsessed with Hollywood actress Jodie Foster after seeing her in the film Taxi Driver that he attempted to assassinate US president Ronald Reagan in a bid to gain her attention. His many handwritten letters to her went unanswered and he didn’t stop hounding her until he had been

The Biden administration is restarting a stalled visa programme for Cubans and will allow more flights and visits to the island, softening former president Donald Trump’s harder line against the communist government. President Joe Biden’s decision came after a more than year-long review of policy towards the country, where the economy has been squeezed by

By George Upton For a traditional Alpine setting This four-bedroom home is situated in a quiet hamlet in South Tyrol, Italy near the border with Switzerland and Austria. Built in 1582, the property is typical of the traditional vernacular style of the German-speaking region. It has recently been renovated with much of its original detail

The UK government will on Tuesday introduce legislation to offer an amnesty from prosecution to some perpetrators of attacks during Northern Ireland’s Troubles after rowing back from controversial plans to introduce blanket immunity. Brandon Lewis, secretary of state for Northern Ireland, said in a statement: “The current system is failing; it is delivering neither truth

Research analysts at JPMorgan Chase have endorsed a clutch of Chinese internet stocks deemed “uninvestable” just two months ago in a significant shift in sentiment towards the sector. In a series of rating changes on Monday, technology analyst Alex Yao and his team upgraded seven companies to “overweight”, having assigned them “underweight” ratings in March.

Protests against the new HS2 high-speed railway line have cost the government £122mn so far and are expected to cost as much as £200mn, its management has revealed. Mark Thurston, chief executive of HS2, told the public accounts committee of MPs on Monday that the organisation was seeking an injunction to “combat” a spate of

Ministers are being urged to review “grossly unfair” compensation arrangements affecting 83,000 elderly members of the UK’s pension lifeboat fund as the cost of living soars. The Pension Protection Fund said it had received complaints from members over the lack of inflation protection on their retirement benefits as energy and food bills skyrocket. The PPF,

Having no luck with the board of Spirit Airlines, JetBlue has moved on to Spirit’s shareholders. The board of the US no-frills airline signed up to an all-stock merger with arch-rival Frontier in February. That valued Spirit at nearly $7bn in aggregate. Two months later, JetBlue crashed that party by offering a big premium, all-cash