One step forward, two steps back for the EU and its Ukraine loan scheme
Also in this newsletter: EU finance ministers crack down on cheap small packages
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Apollo’s 125-page manifesto on private credit
Plus, how UK oil majors attempted green transitions and then backed off
Is silver the new gold?
The surge in the precious metal’s price could have ominous implications for the markets
The whale oil lesson markets shouldn’t ignore
As the transition from harpoons to hydrocarbons showed, shifts in energy systems take time and prices can be volatile
MPs pension scheme makes ‘mockery’ of Reeves investment push
Fund has lower than average weighting to UK stock market
Inside the ‘rolling thunder’ quant crises of 2025
It’s been quite the year for systematic investors