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‘Legislating is the hard part’: Narrow win for McCarthy spells trouble ahead
California congressman’s tortuous quest to secure House Speakership foreshadows rocky path for US Republicans
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Kevin McCarthy clinches House Speakership on 15th round of voting
Result ends a tortuous week on Capitol Hill that exposed sharp divisions in the US
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How to be an optimist in markets
After a grim 2022, the case for rebuilding portfolios with stocks that have been beaten
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Hedge fund managers shy away from launches as markets come under strain
Third quarter of last year saw 71 new funds, down from 132 in the same
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Rail bosses urge ministers to restore powers to train operators
Industry leaders propose greater freedoms for private companies as railway battles to fix its finances
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Ferment of change lurks in Republican chaos
Disarray over electing US House Speaker disguises emergence of fresh thinking to replace outdated paradigms
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Kevin McCarthy makes gains in Speaker bid but loses 13th ballot
Republican congressman wins over a large number of holdouts but falls just shy of support
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Markets boosted by rising hopes of soft landing for US and eurozone economies
European stocks enjoy best opening week for more than a decade despite uptick in core
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