Highlights of '08: Second World stirs as US power wanes

China could be a global economic leader for the first time in 200 years

As a Cape Town-based strategist dealing with sovereign wealth funds for Investec Asset Management, Michael Power spends a lot of time on aircraft.

It has prompted him to come up with a new school of markets analysis - call it the Emirates Theory of Economic Disequilibrium, to give it the sheen of respectability required in high-minded circles.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump