Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
From our UK edition
In the New York trial of Sam Bankman-Fried, founder of the collapsed FTX crypto exchange, there was never a moment when he looked like talking his way to freedom: he was found guilty on seven charges of fraud and conspiracy and now awaits what’s likely to be a very long sentence. Justice has been swift
From our UK edition
31 min listen
Every year, The Spectator travels the country in search of the best and boldest new companies that are disrupting their respective industries. In a series of five podcasts, we will tell you about the finalists for 2023’s Innovator of the Year Awards, sponsored by Investec. The awards winners will be announced in a prize ceremony in November.
From our UK edition
32 min listen
Every year, The Spectator travels the country in search of the best and boldest new companies that are disrupting their respective industries. In a series of five podcasts, we will tell you about the finalists for 2023’s Innovator of the Year Awards, sponsored by Investec. The awards winners will be announced in a prize ceremony in November.
From our UK edition
When I wrote in July that Dame Alison Rose’s forced exit as chief executive of NatWest in the wake of the Nigel Farage scandal was ‘unnecessary’, many readers vehemently disagreed with me. Out she went, Treasury ministers having steamrollered the NatWest board’s brief attempt to hold her in post – and a subsequent Information Commissioner’s
From our UK edition
33 min listen
Every year, The Spectator travels the country in search of the best and boldest new companies that are disrupting their respective industries. In a series of five podcasts, we will tell you about the finalists for 2023’s Innovator of the Year Awards, sponsored by Investec. The awards winners will be announced in a prize ceremony in November.
From our UK edition
28 min listen
Every year, The Spectator travels the country in search of the best and boldest new companies that are disrupting their respective industries. In a series of five podcasts, we will tell you about the finalists for 2023’s Innovator of the Year Awards, sponsored by Investec. The awards winners will be announced in a prize ceremony in November.
From our UK edition
Imagine you’re Chancellor Jeremy Hunt, drafting your Autumn Statement for delivery in three weeks’ time. Bookies’ odds for a Tory general election win have moved out to six-to-one (against Labour’s dead-cert one-to-seven) following by-election wipe-outs. The Lib Dems look set to nab your South West Surrey seat if you don’t stand down anyway. And you
From our UK edition
38 min listen
Every year, The Spectator travels the country in search of the best and boldest new companies that are disrupting their respective industries. In a series of five podcasts, we will tell you about the finalists for 2023’s Innovator of the Year Awards, sponsored by Investec. The awards winners will be announced in a prize ceremony
From our UK edition
A 10 per cent increase in oil prices translates to a 0.15 per cent loss of global GDP and a rise of 0.4 per cent in global inflation, says Gita Gopinath, deputy managing director of the IMF. Before Hamas launched its assault on Israel on 7 October, the Brent Crude barrel price had already moved 20
From our UK edition
Market sentiment around the possibility of failures in the banking world remains as febrile as ever. Or so we might judge from coverage of Metro Bank – which reports suggested might have been edging towards collapse before finding a new owner over the weekend. Metro was the brashest of the ‘challenger banks’ that sprouted after
From our UK edition
If the broadcaster and eco-warrior Chris Packham describes something as ‘an act of war against life on Earth’, sensible people might suspect that it’s probably, on balance, a good thing. Such is the case with the Rosebank field – the UK’s largest remaining undeveloped reserve of oil and gas, in deep waters west of Shetland,
From our UK edition
In a fantasy world of wise government vision and decision-making, HS2 would have been announced in November 1964, shortly after the Tokyo Olympics. Visitors to those games saw the future in the form of the Tokaido Shinkansen – the first Japanese ‘bullet train’, which raced 320 miles from the capital to Osaka, carrying 1,300 passengers
From our UK edition
Bernard Looney, the fallen BP chief, always had a certain swagger about him. I’ve no idea whether he was unsafe in taxis, but he was certainly prone to unguarded remarks. ‘Not every barrel of oil in the world will get produced’ was a bold way, back in 2018, to introduce BP shareholders to the idea
From our UK edition
Amid reports of Chinese spies in Westminster, we learn that Huawei – the telecoms manufacturer western governments shun for fear of cyber espionage – has launched a smartphone containing microchips more advanced than anything China was previously thought capable of making. Some analysts say China is now ahead of the US in tech fields ranging
From our UK edition
It would be churlish not to celebrate revisions from the Office for National Statistics that tell us the UK is not, after all, the post-Covid invalid of the G7. Contrary to previous figures suggesting we had struggled to regain pre-pandemic levels of economic output, it turns out that our gross domestic product passed that benchmark
From our UK edition
The news that Heineken, the Dutch brewer, has sold its business in Russia to a local buyer for a token $1 – at a loss of €300 million, but with job guarantees for 1,800 Russian workers – raises moral issues about when and how multinationals should withdraw from pariah states. A database compiled by Yale
No one believes Beijing’s autocrats can intervene, manipulate or lie on the scale required to shore up the entire tottering $20 trillion economic colossus
From our UK edition
I have a memory picture of an urban highway in Shenzen, southern China. Recently built, with abundant flowering shrubs planted along its central reservation, it was lined as far as the eye could see by uncountable apartment towers, many of them unfinished. This was 2009 and it was my first glimpse of the debt-fuelled property
From our UK edition
When inflation was at 5.5 per cent and rising in January 2022, the BBC’s Faisal Islam adopted a look of amazement when he asked the governor of the Bank of England, Andrew Bailey: ‘So you’re trying to get inside people’s heads and ask them not to ask for too high pay rises?’ ‘Broadly, yes,’ Bailey
From our UK edition
Some business stories are useful economic signals, some are not. For example, I’m not building any hopes on news that Ferrari sales are up 15 per cent thanks to buyers demanding ‘cashmere and corduroy’ interiors. Indicative of greater realism among the very rich is the statistic that superyacht sales are down by a third following
