The Iran war is the latest mess to spring from the idea that ‘appeasement’ is always wrong
Retaliatory cutbacks are no way to achieve proper burden-shifting in Nato
‘Faire le pont’ — the art of maximising public holidays — is about to reach its zenith
Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever
European farmers have long counted on political protection and state support. Now that may be fracturing
Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets
The sector remains untested in a severe or prolonged economic downturn
A suspected outbreak of hantavirus is a reminder of the perils of health emergencies in enclosed spaces
It would be strange if dynastic succession were not on Trump’s mind
Investing in alternatives to this and other maritime chokepoints is costly but necessary
The only way to overcome this scourge is to see it for what it is: racism
Why aren’t more people quitting their jobs?
The Danish drugmaker appears to have the edge in GLP-1 pills
Criticism of social media posts will not decide elections — but the quality of vetting matters for competency
Plus, more on emerging markets
The share price has picked up and its valuation as a multiple of forecast earnings has risen to the top of European telcos
Like tricksters, LLMs have perfected the art of plausibility
It’s tempting to blow the lump sum on a sports car — but the more sensible option may be to take it in small amounts like regular income
With little slack in the system, soaring prices don’t give operators that much of an incentive to let rip
Resource-rich nation’s move into foreign equity markets could tempt investors with the stomach for risk
Corporate leaders bet automation will produce outsized returns
Increased priority on security of power supply might see some countries continue to rely on fossil fuels
Officials are softening people up for difficult decisions ahead. Also in this newsletter, how oil prices work
The use of foreign venues is the new frontier for debt restructurings at American companies
Stocks look cheaper — if everything goes perfectly
The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes
Pandemic meme stock’s boss today runs a pile of cash more than a company
Even in the Trump era, foreign tourists flock to the ‘Mother Road’ in search of the true America
Industry offers glaring example of the self-defeating nature of tariffs
After years of struggling to match the global popularity of the US, Japan and South Korea, Beijing’s image is improving
International body must sharpen its focus to stay relevant in a fractured world
The continent is better positioned to weather crises, yet perceptions remain stuck in the past
Total economic and financial insulation is an impossibility
New legislation pushing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees
A techno-industrial boomlet
Breadth of previous support for the party makes it vulnerable to losing everywhere, to everyone, this week
Unbowed by the Iran war and other shocks, individual investors are buying their way to new heights of influence
