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Retail banks. Bye bye America. The sale of BBVA's American unit to PNC may set off a wave of mergers. In May PNC, America's seventh-largest retail bank by assets, sold a stake in BlackRock, an as...

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Some members have long pledged a tax on financial transactions. But as James Tobin, its intellectual godfather, supposedly said, the levy is like the Loch Ness Monster: the idea occasionally pop...

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Nothing in this world is certain, mused Benjamin Franklin, except death and taxes. He never had to contend with the European Union's unanimity rule. Eurocrats have long sought to bolster the EU'...

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Owners and managers are trying to make confinement more bearable with free internet and wage top-ups, says Andreas Hadjipetrou, the managing director of Columbia Shipmanagement. "One captain asked ...

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"I'm not comfortable in my chair with such a crew," says the captain of a cargo vessel in the South Atlantic en route from Bermuda to Singapore. He is eight months into a four-month contract, and a...

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Science & technology. Sports equipment. Getting a leg up. New running shoes could help smash a string of Olympic records. Platform shoes are back in fashion, at least in athletics. Many of the l...

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There are competing theories for the inverse relationship; many date from the late 1970s and early 1980s. A paper written by Franco Modigliani and Richard Cohn in 1979 put it down to "money illusio...

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In place where it has been long absent, it is hard to remember what a curse inflation is. In other places, it is hard to forget it. Take Zimbabwe. In 2008 it suffered an inflation rate in the squil...