Monday, 28 February 2011

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard

Ambrose Evans-Pritchard has covered world politics and economics for a quarter century, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.

LATEST FROM AMBROSE EVANS-PRITCHARD

Will 'Chindia' rule the world in 2050, or America after all?

With a small tweak in assumptions and the inexorable force of compound arithmetic, Citigroup and HSBC have come up with radically different pictures of what the world will look like in 2050.

28 Feb 2011

Saudi offers $36bn to prevent uprising amid $220 oil warning

The king of Saudi Arabia last night announced $36bn of benefits for his people in an attempt to stop unrest spreading to the world’s biggest oil exporter, as experts warned oil could hit $220 a barrel.

24 Feb 2011

Oil 'could hit $220 a barrel'

Oil prices hit two-year highs amid concerns that the violent power struggle in Libya will spark further unrest in other major producing nations.

23 Feb 2011

All eyes on Bahrain as Gulf tremors frighten oil markets

Oil analysts are paying very close attention to fast-moving events in Bahrain, fearing that clashes between the island’s Sunni elite and an aggrieved Shi’ite majority could embroil the Gulf giants of Iran and Saudi Arabia.

22 Feb 2011

Oil shock fears as Libya erupts

The spectre of full civil war in oil-rich Libya and reports of the creation of an Islamic emirate in the country's "Barqa" region has moved the Mid-East crisis into a more dangerous phase, setting off an explosive rise in US crude prices.

22 Feb 2011

Oil shock fears as Libya erupts

The spectre of full civil war in oil-rich Libya and reports of the creation of an Islamic emirate in the country's "Barqa" region has moved the Mid-East crisis into a more dangerous phase, setting off an explosive rise in US crude prices.

21 Feb 2011

Germany must choose EMU fusion or fission

For the sake of peripheral nations, Mrs Merkel has to stop paying lip-service to monetary union.

20 Feb 2011

Bahrain killings bring turmoil to oil epicentre

Escalating violence in the Persian Gulf and North Africa have raised widespread concerns over the stability of global oil supplies for the first time since the Mid-East turmoil began.

18 Feb 2011

Spain's astonishing co-op takes on the world

As Britain’s David Cameron embraces the ideal of worker co-operatives, a remarkable hi-tech variant with global operations is already thriving in the industrial heartland of Northern Spain.

16 Feb 2011

Obama tests bond markets with mega-deficits

US President Barack Obama faces a stiff battle with Republican foes in Congress after unveiling plans for $7.2 trillion (£4.5 trillion) of deficit spending over the next decade.

14 Feb 2011

Danger signal as UK services optimism plunges

Confidence among British companies tumbled in January as fiscal tightening began to bite and stagflation fears took hold, raising the spectre of a double-dip downturn.

14 Feb 2011

UK jobs 'reckoning' hits in first quarter

British employers are stepping up the pace of job cuts while average pay in the public sector is likely to be cut this year, but there are tentative signs that the private sector is starting to pick up the growth baton.

14 Feb 2011

Vibrant exports will save Spain, and perhaps the euro

Nestled in the lush hills of the Basque Country – literally amid birdsong and Pyrennean lambs – a very young company called Industria de Turbo Propulsores (ITP) makes low-pressure turbine engines for half the world’s big passenger jets.

13 Feb 2011

Mid East markets recover on Egypt's optimism

Investors brushed aside concerns that violent protests in the gas-rich state of Algeria and further demonstrations in Yemen could destabilise the region or threaten oil supplies.

13 Feb 2011

Spain orders drastic caja debt clean-up

Spain has imposed draconian rules on its saving banks and is preparing for part-nationalisation of the industry to boost its defences against contagion from the debt crisis in Portugal.

10 Feb 2011

Einstein was right - honey bee collapse threatens global food security

The bee crisis has been treated as a niche concern until now, but as the UN's index of food prices hits an all time-high, it is becoming urgent to know whether the plight of the honey bee risks further exhausting our food security.

06 Feb 2011

Trichet retreats on rates as commodities spike

European Central Bank has taken a strategic gamble that the current surge in food and commodity prices is not a repeat of the inflation virus of the 1970s and will subside without the need for a monetary squeeze.

03 Feb 2011

Irish bank flight quickens despite EU rescue

Deposit flight from Irish banks accelerated sharply at the end of last year on fears of political turmoil, suggesting that the EU-IMF rescue package for Ireland failed to restore confidence.

02 Feb 2011

IMF fears civil wars as inequalities worsen

The International Monetary Fund has warned that 'dangerous' imbalances have emerged that threaten to derail global recovery and stoke tensions that may ultimately set off civil wars.

01 Feb 2011

Mid-East contagion fears for Saudi oil fields

Risk analysts and intelligence agencies fear that Egypt's uprising may set off escalating protests in the tense Shia region of Saudi Arabia, home to the world's richest oilfields.

31 Jan 2011

Egypt and Tunisia usher in the new era of global food revolutions

Political risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow.

30 Jan 2011

Japan downgrade a warning shot for US, EU

Standard & Poor's has downgraded Japan for the first time in nine years, citing lack of a "coherent strategy" to control its monster deficits or grasp the nettle to reform.

27 Jan 2011

Massive demand for first Euro bail-out bond

Asian and Middle-East investors have thronged to buy the first issue of AAA-rated bonds by the eurozone's new bail-out fund, marking a key moment in the evolution of Europe's monetary union.

25 Jan 2011

IMF chides US for fiscal folly

The International Monetary Fund issues its clearest warning to date that the latest US fiscal stimulus is ill-judged, unlikely to do much for growth and raises the risk of a bond crisis.

25 Jan 2011

Spain tempts fate with minimalist bank rescue

Spain has set in motion a partial nationalisation of its crippled savings banks, or cajas, but stopped short of the giant rescue deemed necessary by some experts to contain the country’s festering crisis.

24 Jan 2011