Putin is motivated to stick with OPEC’s output cuts purely by self-interest, oil analyst Yergin says

With stubbornly low oil prices hurting the coffers of international producers, Russian President Vladimir Putin is only agreeing to the OPEC-led output cut extension because he’s worried about his grip on power, said Daniel Yergin, a leading geopolitical and oil...

It’s not just sofa sales that are sagging: shoppers are growing uncomfortable | Nils Pratley

It is rarely wise to read too much into a sofa retailer’s view of the trading outlook. Furniture and carpet stores have always seemed peculiarly vulnerable to hot weather, cold snaps, late Easters and most other supposed plagues of the shopkeeping game. All the...

It’s a ‘scary’ time with a global crisis on the way, LVMH CEO says

A financial crisis could be just around the corner, according to the chief executive of LVMH, who has described the global economic outlook as “scary”. “For the economic climate, the present situation is…mid-term scary,” Bernard Arnault...