China

A fortnight ago, the energy minister, Andrea Leadsom, declared grandly that Britain, alone in the world, would commit to a target of reducing net carbon emissions to zero. ‘The question is not whether but how we do it,’ she told Parliament. It is now becoming painfully clear how this target will be reached: not by eliminating our carbon emissions but by exporting them, along with thousands of jobs and much of our manufacturing industry. This week, Tata Steel announced that its entire UK business is to be put up for sale. That came after Stephen Kinnock, whose South Wales constituency includes Tata’s giant plant at Port Talbot, joined a union

I went to Budapest last year and did the usual touristy things. I climbed up the hill to the fantasy castle walls in Buda. I took a boat ride. I went to the Turkish baths — edging cautiously into scalding hot water and then summoning up the courage to tip a bucket of cold water over myself. Finally, I reached the grim end of the tourist trail: the so-called House of Terror. On the outside, it looked like every other Hungarian house on the boulevard. Inside, it was a museum set up in the actual place where first Nazis, then communists, inflicted imprisonment, terror and murder. Visiting it was a

Just when you were thinking that the Premier League had become a much nicer place without José Mourinho in it, here comes another old friend from Stamford Bridge who can be relied on to pollute the atmosphere. Yes, it’s John Terry again, JT, Captain, Leader, Legend, who issued a tear-stained farewell saying Chelsea didn’t want him any more (sob), it couldn’t be a fairytale ending (sob), and he wasn’t going to retire at Chelsea (hysterical weeping). But so loyal was he that he couldn’t possibly be going to another Premier League club (stately music and solemn applause). Oh please, what a load of tosh. This was Terry, in his inimitable

If anyone is feeling pleased about the slide on the stock-market today, it is probably Andrew Roberts, the RBS analyst who hit the headlines this week with a note advising everyone to ‘sell everything’. Probably rather sooner than he expected, and before any of his clients even had time to panic properly, prices have started to collapse. Almost every day, there are hefty three digits falls, and pictures editors are running out of their stock photos of despairing traders looking glumly into their Bloomberg terminals. The numbers suggest that a bear market, usually defined as a 20 percent drop off the highs, is now very close. China’s Shenzhen index is

Two reports on the BBC Ten O’Clock News this week, both unashamedly partisan. Yes, yes, I know they are not the only reports this week guilty of bias. There’s the same ol same ol refugee hugging every night and there was also a report on the fact that our population is about to rise by ten million without even the faintest suggestion that this might not be a bloody good thing. But I mean two specific reports. One, by Reeta Chakrabarti about protests outside abortion clinics. This was the most egregiously biased piece of reporting I have seen for a long while. It took, as a statement of unalterable fact,

Frankly I don’t know why the British media made such a big fat fuss last week when I accidentally flattened a ten-year-old Japanese rugby player called Toki. He got to his feet. He smiled. Everyone applauded. That’s rugby, isn’t it? You get knocked down, you get up again. And yet I have to admit that I offered a silent prayer of thanks that I didn’t actually hurt the little guy. They aren’t making many kids like Toki these days; in fact they aren’t making enough kids at all. If you want proof of the rule that nobody knows anything, look up a 1988 bestseller called Yen! Japan’s New Financial Empire