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/ 10 May 2006

A tale of two breakfasts

Presidents, prime ministers — how universally they hate to step down from power. Long after most of their people and colleagues wish they would go, they hang on, convinced that the country still needs them. Fraser Grace’s play about Zimbabwe in 2001, currently on stage in London, resonates with Britain in 2006.

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/ 10 May 2006

Gold price breaks through $700 an ounce

Spot gold has moved through the $700-per-ounce level, while platinum has surged to a fresh record high. Precious metals are being buoyed by geopolitical factors, as hopes for a resolution of Iran’s nuclear stand-off fade and the weaker dollar prompts investors to seek refuge among the precious metals.