If London subsidises the rest of the UK, where does that leave Scotland? | Nils Pratley

It hardly counts as news that the UK is really two economies but here are the hard numbers to demonstrate the point. London, the south-east and the east of England recorded net fiscal surpluses in 2016 – in order words, tax receipts exceeded public spending on a...

Even with closer Saudi-US ties, Arab NATO idea was downright ‘dangerous’

There was much hype leading up to President Donald Trump’s Saudi Arabia visit that he would discuss an “Arab NATO” military alliance, but in the end the idea never was mentioned by name.”I think it was like a trial balloon that someone in the...

Reed Hastings’ story about the founding of Netflix has changed several times

Fifteen years ago today, Netflix went public. But how the co-founders came up with the idea for the revolutionary entertainment service is still unclear. Originally, CEO Reed Hastings told several outlets said he got the idea for Netflix after Blockbuster charged him...