Are we there yet? It is a reasonable question for bond investors after a historic shift lower in government bond prices to reflect the increasingly hawkish tilt from the US Federal Reserve. Sadly for those left licking wounds, the short answer is ‘probably not’. In fact, judging from this week’s wobbles, the shake-out across markets

She was told off by Mahatma Gandhi, charmed Nelson Mandela and shook hands with Mao Zedong. I suggest there can’t be many others who have hobnobbed with all three. “Not a bad trio,” Romila Thapar jokes. “My claim to fame is simply that I have met these guys!”  Far from it. Thapar, 90, has a

Dear reader, I had two moments of abrupt and instructive disillusionment this week. The first involved a busking violinist whose instrument was hooked up to a portable speaker. A tricky passage from Vivaldi’s “Four Seasons” was surging forth. I dug out a coin, intending to drop it in the violin case at his feet. A

For most of the pandemic we have been cheering on the vaccine scientists and manufacturers, cursing shortages of glass vials or giant growbags and then rolling up our sleeves when the precious doses are made available. No longer. Vaccine tracker Airfinity this month slashed its 2022 global sales forecast for Covid-19 jabs by 20 per

Peru’s president Pedro Castillo will travel to the Andean city of Cusco on Friday to address the demands of protesters angry about the rising cost of living who have blocked roads and a railway this week, stopping tourists reaching the ruins of Machu Picchu. Thousands of Peruvians joined a two-day strike in the Cusco region

Dozens of cities in China are in full or partial lockdown in response to the spread of Covid-19 cases, meaning that a population roughly the size of the US has been stuck at home for several weeks, often with limited access to food and medical care. Among those cities in lockdown, Shanghai has received the

French carmaker Renault is exploring a stock market listing of its electric vehicle unit next year, as part of a plan to split the company in two. It announced in February that it intended to create separate units for EVs and combustion engine models in February. As part of its results presentation on Friday, chief

Situated in 28,000 acres of Yorkshire Dales national park, beside the trout-filled River Wharfe, are the crumbling ruins of Bolton Priory. Next to it sits The Hall at Bolton Abbey, its extraordinary ancestral house. The estate’s ruins inspired paintings by the Romantics, including Landseer and Turner; in his poem “The White Doe of Rylstone”, Wordsworth

“But, you may say, we asked you to speak about women and fiction – what has that got to do with a room of one’s own?” So said Virginia Woolf at Girton College, Cambridge, in 1928, where she was giving a blistering lecture on why a woman couldn’t have written the 1,225-page War and Peace.

It never gets old: the lagoon, the water-lapped maze of streets and canals, the salt-worn, crumbling buildings and campi (squares) hidden away like secret pockets. Whether enshrouded in winter fog with impending high waters or under the warm, beating sun, Venice is truly unforgettable. Although I have called Tuscany home for 14 or so years,

Michael Kors Collection mohair silk jumper and wool gabardine trousers, both POA. Saint Laurent by Anthony Vaccarello metal and glass necklace, £485 Dior cotton jumper, £1,100, and wool twill trousers, £720 Fendi linen blazer, £1,590, cotton shirt, £490, and linen shorts, £460  Prada jacquard terry hoodie, £1,500 Louis Vuitton printed cotton/silk-mix jacket, £2,860. MSGM knitted tank

Good morning. One of the many reasons I was so excited to join the Financial Times is its astonishing team of journalists whose work I have pored over and enjoyed since I was an undergraduate. One of those journalists, David Gardner, former international affairs editor, died suddenly this week. His obituary is in the paper

The Financial Conduct Authority has raised concerns over the adequacy of challenger banks’ defences against financial crime, after a “substantial” increase in suspicious activity reports filed last year. The remarks come as the watchdog attempts to toughen its approach against money laundering, which the National Crime Agency estimates costs the UK £100bn annually. “Challenger banks

French prosecutors have issued an international arrest warrant for Carlos Ghosn and four people linked to an Omani auto dealer following an investigation into whether they helped divert funds from carmaker Renault to its former chair and chief executive for personal use. The warrants were issued against Ghosn, who was the architect of Renault’s alliance

When Jane’s husband died in a climbing accident in the Alps, she faced not only shock and grief but a daunting pile of paperwork. “It’s hard . . . having been married 43 years then all of a sudden your partner is not there any more and the world is on your shoulders,” says Jane, 72, who lives in

The UK government will miss its manifesto target of building an additional 300,000 homes a year by the mid 2020s and is imposing unrealistic goals on English cities, business groups and councils have warned. To meet the pledge the 20 largest cities would need to increase their existing home-building targets by 35 per cent. But

As the virus spread across the world and authorities started imposing lockdowns, problems became obvious. There was resistance to the closure of religious services, few people were keen to postpone weddings and funerals could not wait. Young singles wanted to party. Many people disliked wearing masks. And parents were tearing their hair out as schools

One thing to start: Formula One driver Lewis Hamilton and tennis star Serena Williams are backing the bid for Chelsea Football Club led by City grandee Martin Broughton and private equity billionaires Josh Harris and David Blitzer, according to people with knowledge of the matter. Musk thinks before he tweets When Elon Musk floated a

When Amazon launched Alexa — its voice-activated virtual assistant — in 2014, it was met with scepticism. Why did an ecommerce company think it could create smart home technology? It didn’t help that the first Amazon Echo device, shaped like a can of Pringle snacks, followed the ill-fated Fire Phone: Amazon’s pitiful attempt at competing

Russian forces are likely to renew their attacks on Ukraine’s capital city if they succeed in their fresh offensive in the east of the country, the mayor of Kyiv said. Vitali Klitschko said President Vladimir Putin was unlikely to be satisfied with victory in the Donbas region, where Russia has redeployed the bulk of its

The first French presidential election I ever followed closely took place in 1974, and it was a captivating affair. I remember the television debate between the standard-bearer of the moderate right, Valéry Giscard d’Estaing, and the Socialist party candidate, François Mitterrand; Giscard d’Estaing landed a decisive blow on his adversary when he declared: “Vous n’avez