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  1. The Economist24 min

    The buck stops here? The threats to dollar primacy

    Jordan Bardella, Jason Palmer, Henry Kerr, Sophie Bedder, Emma Irving

    Following President Trump's April announcement of reciprocal tariffs, a financial sell-off has triggered concerns that the US dollar may lose its reserve status, potentially forcing bond yields higher and complicating the Federal Reserve's ability to manage inflation without a Congress unable to pass unpopular fiscal corrections. In France, Jordan Bardella has emerged as the strategic successor to Marine Le Pen after her 2027 election ban, leveraging his youth-oriented digital persona and critical stance on Vladimir Putin to modernize the National Rally while navigating internal party scrutiny. Concurrently, Hong Kong authorities are implementing strict regulatory measures for taxi drivers, including surveillance and penalty systems, to restore tourist confidence amid a sharp drop in visitor numbers and fierce competition from unregulated ride-hailing services.

  2. The Economist22 min

    Thy neighbours, beggared: Trump’s opening tariffs

    Trump, Rosie Bloor, Jason Palmer, Henry Kerr, Jeff Carr, Andrew Miller, Tom Trevithan, Jonathan Brown, Stephen Katz

    President Trump has declared a national emergency to impose sweeping tariffs on Canadian, Mexican, and Chinese imports, prompting Canada to enact immediate countermeasures targeting Republican states while the administration seeks to leverage economic disruption for border security and industrial goals. Simultaneously, Denver-based Boom Supersonic successfully demonstrated its XB-1 aircraft breaking the sound barrier, advancing plans for commercial supersonic travel by 2029 through advanced carbon fiber and engine technologies. In the cultural sector, London's West End and other British venues have seen a post-pandemic surge in obligatory standing ovations, a phenomenon critics argue has diluted the meaning of applause into a coercive ritual driven by ticket costs and restored social habits.

  3. The Economist23 min

    View to a killing: bond yields rise and rise

    Rosie Bloor, Josh Roberts, Henry Kerr, Edward McBride

    Rising global bond yields driven by sticky inflation and anticipated US fiscal expansion under Donald Trump are forcing higher borrowing costs for governments and consumers alike, while threatening to slow economic growth. Parallel strategic tensions involve the US exploring coercive or transactional methods to secure Greenland's critical mineral resources and naval significance, despite local sovereignty concerns. Meanwhile, Singapore faces a severe crisis in its UNESCO-recognized hawker culture as high recruitment costs and low profits deter younger generations, prompting a struggling government to rethink its intervention strategies.

  4. The Economist24 min

    Cryptic message: why arrest Telegram’s founder?

    Rosie Bloor, Tom Wainwright, Henry Kerr, Emily Steinmark

    Pavel Durov, the billionaire founder of Telegram, was arrested in Paris on charges related to the platform's alleged failure to curb child sexual abuse material, money laundering, and encryption violations. While Telegram denies the accusations and frames the incident as a free speech issue, the arrest has sparked global debate regarding content moderation standards and potential geopolitical motives tied to the platform's role in the Russia-Ukraine conflict. This legal development risks establishing a precedent for nations to use executive arrests to compel compliance with local laws, following similar threats faced by tech executives in Brazil.

  5. The Economist11 min

    GameStop: what it reveals about the US stockmarket

    Alice Fullwood, Henry Kerr

    In early 2021, a coordinated surge by millions of retail investors on the Reddit forum WallStreetBets drove GameStop's stock price to over $450, triggering a historic short squeeze that forced institutional short sellers to absorb massive losses. The volatility caused significant market disruption, including trading restrictions by platforms like Robinhood and intense regulatory scrutiny regarding liquidity management and retail investor protection. While analysts view the event as an isolated phenomenon rather than a broad bubble, it permanently altered market dynamics by highlighting the growing influence of social media-fueled retail trading against traditional Wall Street institutions.

  6. The Economist11 min

    Covid-19: how to fix the economy

    Henry Kerr

    The pandemic triggered an unprecedented synchronized global economic shock, forcing governments in the US, UK, and Europe to deploy trillions in stimulus and innovative income support to mitigate record unemployment and prevent social instability. This crisis has accelerated structural shifts toward remote work, digital adoption, and supply chain protectionism, challenging policymakers to balance immediate fiscal relief with long-term sustainability while avoiding the austerity errors of the past decade. Ultimately, the scale of government intervention offers a critical window to reform the relationship between the state and citizens, though success depends on managing rising debt burdens and emerging populist tensions.