Business
Spread bets
Why big oil is beefing up its trading arms
A volatile world makes for choppy markets, and choppy markets make for rich profits
Control shift
Are America’s allies the holes in its export-control fence?
The goals, resources and reach of anti-Chinese technology sanctions vary widely
Shielding the shield
Taiwan will not surrender its semiconductor supremacy
How to defend an industry that everyone covets
Bought for parts
A $3.8bn deal points to the future of car-parts suppliers
A merger between Schaeffler and Vitesco will create a global components champion
A royal mess
The fall of China’s “manganese king” may hit global EV supply chains
And leave a hole in Xi Jinping’s economic plans
Schumpeter
Weight-loss drugs are no match for the might of big food
The world is as addicted to fattening foods as it is to fossil fuels
