European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson attend a bilateral meeting during a NATO summit to discuss Russia's invasion of Ukraine, at the alliance's headquarters in Brussels (Photo: Reuters)

Historians will surely record Russia's invasion of Ukraine as a transformative moment - yet what kind of transformation is harder to say

The Russian invasion of Ukraine has unified Europe but for how long

Bloomberg

An election that was supposed to be neck-and-neck has given Britain's Conservatives a memorable victory and Labour a drubbing

Clive Crook: David Cameron's stunning win

US Federal Reserve Chairman Ben Bernanke seemed a little nervous at his June 19 news conference. His recent comments about the future course of monetary policy had rattled investors and driven bond yields up, tightening financial conditions in a way the Fed didn't want. Formally unperturbed, Mr Bernanke said he was leaving policy unchanged - but in trying, yet again, to elucidate the Fed's thinking, he tacitly admitted that something had gone wrong.Fortunately, the policy itself is basically good - but that's despite, not because of, the ever-evolving formulas used to explain it.Growth in the US is still sluggish, unemployment is still high and inflation is (a) running well below the Fed's target and (b) falling. That suffices to justify interest rates at zero until further notice, together with additional large-scale asset purchases - which is what the Fed intends.There are dangers in this policy, to be sure. Quantitative easing is an experiment and involves risks. Mr Bernanke summed

Clive Crook

Clive Crook

Clive Crook

The Russian invasion of Ukraine has unified Europe but for how long

Clive Crook: David Cameron's stunning win

The Fed: transparent as mud