It’s the end of the 1960s and in a corner shop in Wolverhampton, Punjabi Sikh shopkeeper Mr Bains is talking with Surinder, his 16-year-old daughter — brilliant, beautiful and the apple of his eye.

In a 40-page presentation packed with targets for everything from return on equity to growing its wealth management business, Nomura said that at the end of March last year 14.9 per cent of its almost ...

In prioritising national growth over local opportunity, governments are praying at the wrong altar and chasing the wrong rainbow. Next week I will discuss how to pursue the right one.