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The EconomistThe EconomistSkip to content * Menu * Weekly edition * The world in brief * Search Subscribe Log in * OPINION * Leaders * Letters to the editor * By Invitation * CURRENT TOPICS * War in Ukraine * Climate change * Coronavirus * The Biden presidency * Recession watch * The Economist explains * CURRENT TOPICS * War in Ukraine * Climate change * Coronavirus * The Biden presidency * Recession watch * The Economist explains * WORLD * The world this week * China * United States * Europe * Britain * Middle East & Africa * Asia * The Americas * International * IN DEPTH * Science & technology * Graphic detail * Special reports * Technology Quarterly * The World Ahead * Briefing * Essay * Schools brief * BUSINESS & ECONOMICS * Finance & economics * Business * Big Mac index * A-Z of economics * Economic & financial indicators * CULTURE & SOCIETY * 1843 magazine * Culture * Obituary * The Economist reads * Summer reads * Christmas Specials * MORE * Podcasts * Newsletters * Films * The Economist app * Subscriber events * Online courses * My Economist * Saved stories * Log out * Saved stories * Account * Log out Search Search THE ECONOMIST | WORLD NEWS, ECONOMICS, POLITICS, BUSINESS & FINANCE THE INTELLIGENCE Our daily podcasts discusses the global costs of war INTERNATIONAL RELATIONS A TO Z Terms explained in plain English SUMMER READS Beach-friendly articles Leaders FISCAL POLICY IN THE RICH WORLD IS MIND-BOGGLINGLY RECKLESS High inflation and low unemployment require tighter budgets not looser ones Britain READING THE DEATH CERTIFICATE ON BORIS JOHNSON’S POLITICAL CAREER The political legacy of Britain’s former prime minister has already disappeared -------------------------------------------------------------------------------- Europe UKRAINE’S COUNTER-OFFENSIVE IS MAKING MIXED PROGRESS Its real test will come when it hits Russia’s prepared defences -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- THE WORLD IN BRIEF A long-awaited report found that Boris Johnson, Britain’s former prime minister, lied to Parliament deliberately and repeatedly... Ukraine claimed “partial success” in its counter-offensive against Russian forces in Zaporizhia, a south-eastern region... Canada froze ties with the Asian Infrastructure Investment Bank, a multilateral lender founded by China, because of alleged interference by the Chinese Communist Party... Greece declared three days of national mourning after a migrant boat sank off its southern coast, killing at least 79 people in the deadliest shipwreck of its kind so far this year... Continue reading -------------------------------------------------------------------------------- LULA’S AMBITIOUS PLANS TO SAVE THE AMAZON CLASH WITH REALITY The Brazilian president faces resistance from Congress, the state oil company and agribusiness SCHUMPETER: WHAT TESLA AND OTHER CARMAKERS CAN LEARN FROM FORD The 120-year-old company shows the importance of knowing your limits DAILY CHART: THE GREAT GLOBAL BABY BUST IS UNDER WAY Fertility rates are tailing off sooner than expected CORMAC MCCARTHY WAS THE GREAT NOVELIST OF THE AMERICAN WEST His fiction faces a bloody past and never looks away THE INTELLIGENCE Our daily podcasts discusses the global costs of war INTERNATIONAL RELATIONS A TO Z Terms explained in plain English SUMMER READS Beach-friendly articles UKRAINE AND RUSSIA 1843 MAGAZINE | ABOMINABLE SHOWMAN: THE RISE OF WAGNER’S YEVGENY PRIGOZHIN Putin created him. Could the outspoken mercenary become the next president? HOW KYIV FENDED OFF A RUSSIAN MISSILE BLITZ IN MAY Western systems arrived in the capital just in time. Other places need them too -------------------------------------------------------------------------------- PRETENDING THAT EVERYTHING IS UNDER CONTROL IN RUSSIA It is getting ever harder -------------------------------------------------------------------------------- 1843 MAGAZINE | GROUND ZERO OF UKRAINE’S DAM DISASTER – IN PICTURES The fallout will be felt for generations to come -------------------------------------------------------------------------------- WORLD NEWS AMERICA IS COURTING INDIA IN PART FOR ITS GROWING ECONOMIC CLOUT But a young population may not be enough to sustain rapid growth CHAGUAN: THE END OF WESTERN NAIVETY ABOUT CHINA A new China debate pits optimists against fatalists -------------------------------------------------------------------------------- THE DEATH OF SILVIO BERLUSCONI CREATES UNCERTAINTY FOR HIS PARTY But it might strengthen the hand of Giorgia Meloni within the ruling coalition -------------------------------------------------------------------------------- COSTLY CLIMATE RULES ARE TURNING GERMANS AWAY FROM THE GREENS The enviros are now less popular than the far-right Alternative for Germany -------------------------------------------------------------------------------- BUSINESS, FINANCE AND ECONOMICS ORACLE IS ON COURSE TO MAKE LARRY ELLISON THE WORLD’S THIRD-RICHEST MAN Can the software giant’s winning streak last? IS THE GLOBAL HOUSING SLUMP OVER? Why rising interest rates have not yet triggered property pandemonium -------------------------------------------------------------------------------- IS DOING BUSINESS IN CHINA BECOMING IMPOSSIBLE FOR FOREIGNERS? Selective enforcement of draconian data and spying laws is scaring Western companies -------------------------------------------------------------------------------- PWC HAS DISGRACED ITSELF DOWN UNDER The firm’s employees helped multinationals dodge taxes in Australia -------------------------------------------------------------------------------- SUMMER READS SHOULD YOU SEND YOUR CHILDREN TO PRIVATE SCHOOL? As shortcuts to elite universities, American schools work better than British ones A SELECTION OF NOVELS TO READ THIS SUMMER We review six recent works of fiction -------------------------------------------------------------------------------- BRITONS STILL DO LIKE TO BE BESIDE THE SEASIDE The changing tides of coastal towns -------------------------------------------------------------------------------- A TINY, ANCIENT HOMININ MAY HAVE BEEN SURPRISINGLY CLEVER Small brains seem to be no barrier to culture and art -------------------------------------------------------------------------------- STORIES MOST READ BY SUBSCRIBERS 1. THE REAL INJUSTICE WOULD HAVE BEEN NOT TO INDICT DONALD TRUMP 2. IS THE GLOBAL HOUSING SLUMP OVER? 3. UKRAINE IS COUNTER-ATTACKING IN MULTIPLE DIRECTIONS, WITH MIXED RESULTS 4. ABOMINABLE SHOWMAN: THE RISE OF WAGNER’S YEVGENY PRIGOZHIN 5. INDIA’S DIASPORA IS BIGGER AND MORE INFLUENTIAL THAN ANY IN HISTORY MIDDLE EAST & AFRICA WHO WILL SUCCEED SHIA ISLAM’S TOP MAN? Grand Ayatollah Ali al-Sistani, a huge influence in Iraq, may be fading WEEKLY EDITION: JUNE 10TH 2023 UKRAINE STRIKES BACK * -------------------------------------------------------------------------------- WHY FINANCE WON’T KILL OFF COAL Investment tools alone cannot stamp out the world’s dirtiest fuel * -------------------------------------------------------------------------------- THE PERILS OF BEING LOYAL AT WORK In the office loyalty can be a liability * -------------------------------------------------------------------------------- ARE PRIVATE SCHOOLS WORTH IT? As shortcuts to elite universities, American schools work better than British ones * -------------------------------------------------------------------------------- VLADIMIR PUTIN’S OTHER MOTHER The woman who insisted Russia’s president was her son Read full edition SPECIAL REPORTS: MAY 20TH 2023 CASHLESS TALK The fight over payments systems is hotting up around the world. There may be surprising winners, says Arjun Ramani * -------------------------------------------------------------------------------- As payments systems go digital, they are changing global finance * -------------------------------------------------------------------------------- A digital payments revolution in India * -------------------------------------------------------------------------------- The old bank/card model is still entrenched in the rich world * -------------------------------------------------------------------------------- The promise of crypto has not lived up to its initial excitement * -------------------------------------------------------------------------------- Central-bank digital currencies are talked about more than coming to fruition * -------------------------------------------------------------------------------- Could digital-payments systems help unseat the dollar? * -------------------------------------------------------------------------------- There are risks but also big potential benefits from digital payments * -------------------------------------------------------------------------------- Video: insights from the author Read full report PODCASTS * WHY THE FUTURE OF FISH FARMING LIES ON DRY LAND * A RETURN TO WAR HAS LOOMING GLOBAL ECONOMIC CONSEQUENCES * UKRAINE STRIKES BACK, THE SIGNIFICANCE OF APPLE’S NEW VISION PRO GADGET AND OUR NEW GLOBAL CITIES INDEX FILMS * WHY INDIA’S DIASPORA MATTERS * THE MOST IMPORTANT STORIES THIS WEEK * WHAT ARE THE GENEVA CONVENTIONS? 1843 MAGAZINE * GROUND ZERO OF UKRAINE’S DAM DISASTER – IN PICTURES * ABOMINABLE SHOWMAN: THE RISE OF WAGNER’S YEVGENY PRIGOZHIN * THE EXPLODED DAM HAS FLOODED KHERSON. MANY ARE TOO EXHAUSTED TO LEAVE CLIMATE CHANGE * COSTLY CLIMATE RULES ARE TURNING GERMANS AWAY FROM THE GREENS * SUCKING A CARBON-NEUTRAL FUEL OUT OF THIN AIR * A FINNISH FIRM THINKS IT CAN CUT INDUSTRIAL CARBON EMISSIONS BY A THIRD BY INVITATION * FINDING THE MONEY TO FIX THE WORLD REQUIRES A RETHINK ON TAX, SAYS JAYATI GHOSH * SIR RICHARD BARRONS ON THE BROADER SECURITY CONSIDERATIONS AROUND UKRAINE’S COUNTER-OFFENSIVE * MICK RYAN ASSESSES UKRAINE’S COUNTER-OFFENSIVE GRAPHIC DETAIL * THE GREAT GLOBAL BABY BUST IS UNDER WAY * ENGLAND MAY SOON BECOME THE WORLD’S BEST CRICKET TEAM * CHINA’S INFLUENCE IN SOUTH-EAST ASIA HAS GROWN. AMERICA’S HAS WANED THE ECONOMIST EXPLAINS * HOW DO LANGUAGES WITH GRAMMATICAL GENDER HANDLE NON-BINARY PEOPLE? * ARE CRYPTOCURRENCIES SECURITIES? * WHO IS OLEKSANDR SYRSKY, THE HEAD OF UKRAINE’S GROUND FORCES? THE ECONOMIST READS * A SELECTION OF NOVELS TO READ THIS SUMMER * WHAT TO READ TO UNDERSTAND IMPERIALISM AND COLONIALISM * THE SPY WHO READ ME: AUTHORS UNDER SURVEILLANCE * Subscribe * Group subscriptions * Reuse our content * The Trust Project * Help and contact us KEEP UPDATED * Facebook * Instagram * Twitter * LinkedIn * YouTube * RSS Published since September 1843 to take part in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.” THE ECONOMIST * About * Advertise * Press centre THE ECONOMIST GROUP * The Economist Group * Economist Intelligence * Economist Impact * Economist Events * Working Here * Economist Education Courses * Which MBA? * Executive Jobs * Executive Education Navigator * Terms of Use * Privacy * Cookie Policy * Manage Cookies * Accessibility * Modern Slavery Statement * Sitemap * California: Do Not Sell My Personal Information Copyright © The Economist Newspaper Limited 2023. 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