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China’s military set-up is designed to foil any would-be Prigozhin
The People’s Liberation Army is an explicitly political force — and the ultimate guarantor of the party’s hold on power
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Russia detains ‘General Armageddon’ in crackdown on pro-Wagner elites
Sergei Surovikin was known to have had good relations with warlord Yevgeny Prigozhin
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European markets fall as Sweden underscores rate rise concerns
Traders await German and eurozone inflation data
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A quick guide to Thames Water’s serpentine capital structure
Built to last or built to fail?
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CAB Payments targets £850mn valuation in rare bright spot for European IPOs
Shares in Italian luxury yachtmaker Ferretti rise after additional listing in Milan
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Bank of America nurses $100bn paper loss after big bet in bond market
Sum more than double the cost to other US lenders that channelled flood of deposits to cash
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FTSE 100 falls flat as UK misses global stock rally
Buoyant sterling and falling oil prices have hurt London’s flagship index this year
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Shed no tears over the travails of London’s equity market
Rishi Sunak’s promotion of financial services misses the point that an oversized sector can harm the rest of the economy
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