Following the blanket subsidies for petrol and diesel, rising food prices are reigniting the temptation to introduce further subsidies. However, broad-based, untargeted measures divert resources away from structural reforms and risk turning the emergency into permanent expenditure.

The secretary of the PD is proposing to tax this elusive margin for producers, but she does so without explaining exactly what she is referring to. Is the problem scarcity or competition?

Chris Xu’s giant makes its debut in Hong Kong and ends the first day almost flat after an initial 10 per cent plunge. Protests, tariffs and sustainability concerns have dented the appeal of a model that seemed unstoppable

Trump promises to replenish strategic reserves with crude oil from the Orinoco, but it is too heavy and high in sulphur for American refineries: it would be unusable and would damage the storage caverns 

On the 65 months of high inflation, he takes the blame on behalf of the Fed. And regarding US government bonds, he calls for them to reflect what investors think about inflation and public finances, without ad hoc interventions 

As a candidate, he wanted to shut it down. Now, however, he is rebuilding the institution’s credibility and independence to tackle inflation