Interest rates: Mark Carney is right to remain cautious

Mark Carney is halfway through his five-year term as governor of the Bank of England. Judging by his latest remarks on the state of the economy, he could go back to Canada in the summer of 2018 and still not have raised interest rates. The governor’s speech was notable for its dovish tone. Six months ago, ...

Davos: organisers tempted fate when planning Alps shindig

The organisers of the World Economic Forum were clearly tempting fate when they made the theme of this year’s Davos the onset of the 4th Industrial Revolution. The message was clear. After years in which business leaders and policymakers had agonised over the state of the global economy, the recession of 2008-09 was history and it ...