US conducts ‘successful’ test of THAAD defense system with ballistic missile

The U.S. has conducted a test of its Terminal High Altitude Area Defense (THAAD) defense system in Alaska by launching a ballistic missile over the Pacific Ocean, military officials said early Sunday. The weapon was fired by a U.S. Air Force plane and intercepted by...

Slow economic growth is not the new normal, it’s the old norm | Larry Elliott

There have been times in the past when the Bank of England has left interest rates unchanged for a long time. In 1719, official borrowing costs were raised from 4% to 5%, where they remained during the South Sea Bubble crisis, the Seven Years war, the loss of the...