The UK’s food system is built on keeping prices low – but this year’s droughts show up its failings
1000 Words/ShutterstockThis year’s drought has once again put farmers in the spotlight, with yields in some crops falling by as much as 50%.
UK
The mysterious, massively lucrative, multibillion-dollar ARKK trade
Hot IPO, meet the ETF creation-redemption magic
Ciao bello: masters of the universe move to Milan
Plus, an ad giant scales down and Bain Capital’s healthcare dealmaking drive
Without Prejudice by Tidjane Thiam — from the Pru to politics
The memoir of the Credit Suisse boss turned Ivory Coast opposition leader is a compelling account of a life in business and beyond, with lessons on race and racism along the way
San Francisco without the rich: a photo-essay
Pulitzer Prize-winner Andrew Sean Greer on what Joshua Amirthasingh’s photographs say about how wealth has shaped the city
Milan’s expat ‘explosion’ brings new buzz to Italy’s financial centre
Favourable tax regime is drawing wealthy newcomers and changing the city’s dynamic
India taps homegrown digital payments network to widen access to credit
Infrastructure will let banks deliver short-term loans more easily but encouraging take-up could prove difficult
Housebuyers hate stamp duty. Why hasn’t it been reformed before now?
David G40/ShutterstockFor years, academic economists have argued that council tax and stamp duty are deeply flawed.
Bankers learn they are fired via accidental email asking them to return laptops
Australian bank ANZ apologises and offers counselling to more than 100 staff
Higher-order headaches lurking in the financial system
A new trilemma
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