Archive
Browse market commentary, macro analysis, and student-led reporting.
Big tech is on track to spend up to $690 billion on AI infrastructure this year alone. History suggests the technology can still win even as many of today's financiers lose everything.
Artificial IntelligenceBig TechCapital ExpenditureMarket Bubbles
Matthew Mahrous8 min read
Read ArticleMarkets3 August 2026
The won went from one of Asia's worst-performing currencies to one of the world's best in a matter of weeks, as chipmakers' overseas earnings came home, foreign equity selling eased, and the Bank of Korea ended a three-year rate freeze.
South KoreaCurrenciesBank of KoreaSemiconductorsMonetary Policy
Sonal Weerasekera8 min read
Read ArticleMacro3 August 2026
For decades China was constrained by what it could produce. It is now constrained by what its households will buy, and the surplus it exports instead is reshaping trade policy across the world.
ChinaGlobal TradeIndustrial PolicyConsumptionProtectionism
Ahana Bhattacharya7 min read
Read ArticleMarkets2 August 2026
Sainsbury's got most of its money back from Argos, and the integration did roughly what management said it would. The problem is what the capital earned in the meantime: Argos now makes a 0.2% margin.
Sainsbury'sArgosRetailPrivate Equity
Gaurav Bohra10 min read
Read ArticleMarketsGlobal Healthcare2 August 2026
Big Pharma is acquiring earlier and accepting greater scientific risk for unproven drugs. The driver is not confidence in the science but the fear of a rival securing the next blockbuster first, as a $300bn patent cliff bears down on the industry.
PharmaceuticalsMergers and AcquisitionsBiotechnologyPatent Cliff
Abdul Wasey Bhatti8 min read
Read ArticlePolicy2 August 2026
AI data centres promise growth, but infrastructure constraints are creating political and economic resistance.
Artificial IntelligenceData CentresInfrastructureEnergy
Meghana Sivapuram7 min read
Read ArticleMarkets2 August 2026
The retail push looked like growth. It was really the industry building a capital base that does not depend on selling anything.
Private EquityEQTEvergreen FundsPrivate WealthLiquidityPrivate Credit
Abir Ghosh Biswas7 min read
Read ArticleMacro31 July 2026
Three of nine voted to raise Bank Rate. The Bank's own Report then said the market curve is steeper than policy needs to be, and that most of its slope is not a rate expectation.
Bank of EnglandMonetary PolicyInterest RatesInflationGiltsUK Economy
Rohan Talwar14 min read
Read ArticleOpinion27 July 2026
Silicon Valley wants to escape the power grids, water shortages and zoning laws throttling its data centres by launching them into orbit. But Low Earth Orbit is no frictionless void, and moving servers to space may just trade one crisis for another.
Artificial IntelligenceData CentresHyperscalersSpace EconomyOrbital Debris
Manasvi Kommuri9 min read
Read ArticleMacro27 July 2026
Repeated heatwaves are no longer a seasonal inconvenience for Europe's economies. From lost labour productivity to rising food prices and multi-billion-euro damage bills, extreme heat is emerging as a structural drag on growth across the continent.
Climate RiskEuropean EconomyLabour ProductivityInflation
Sonal Weerasekera8 min read
Read ArticleMacro27 July 2026
Algorithmic feeds have quietly become a dominant force in setting asset prices and mobilising political movements, from GameStop to India's Cockroach Janata Party, while regulators still lack the tools to measure how virality converts into capital and power.
Attention EconomyFinancial MarketsMeme StocksAlgorithms
Ahana Bhattacharya8 min read
Read ArticleMarkets24 July 2026
After decades of underinvestment, scientific setbacks and fading industry interest, psychiatry is showing signs of life again. Eli Lilly's acquisition of AtaiBeckley, worth up to $3.8 billion, signals renewed hope that the future of depression treatment may look very different from the past.
Eli LillyPsychedelicsMental HealthBiotechMergers and Acquisitions
Abdul Wasey Bhatti6 min read
Read Article