I am amused when I hear the resignation of Kim Darroch mooted as an attack on an apolitical civil service. Darroch’s rise to the top of the FCO was in fact a startling example of the politicisation of the civil service – there is no doubt that his enthusiastic support for the Iraq War, and […]

“They [surviving ISIS fighters] have better techniques, better tactics and a lot more money at their disposal. They are able to buy vehicles, weapons, food supplies and equipment. Technologically they’re more savvy. It’s more difficult to flush them out.

Why do investors keep investing in government bonds despite extremely low yields?