FOR as long as there have been organised economies, people have been employed to look after the wealth of others. More than 4,000 years ago landowners in Akkad, an early Mesopotamian civilisation, hired local managers to look after their farms.
By DATA TEAM INFLATION rates around the world have been sinking over the last three years. Pervasive economic weakness in the rich world and a slowdown in Chinese growth drove the initial decline. Lately tumbling oil prices have helped to push inflation into negative territory across much of the euro area. America, Britain and China, where inflation rates have dropped below 1%, may soon join Europ
Bold, or plain reckless?A beleaguered prime minister takes a big gamble on economic reforms “JAPANESE prime ministers are just like tissue paper,” says Yuriko Koike, a senior member of the opposition Liberal Democratic Party (LDP), plucking a tissue from a box as if to throw it in the bin. Her cold disdain sums up the mood of her party. Since the start of the year, the LDP has said it will focus o
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