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Clear all filters- The Economist20 min
Right down: Le Pen barred
Le Pen, Rosie Bloor, Sophie Pedder, Callum Williams, Anne Rowe
A Paris criminal court banned Marine Le Pen from future elections for five years due to embezzlement, effectively removing her from the 2027 presidential race and plunging the National Rally into strategic uncertainty. Concurrently, a separate report highlights sustained rental inflation across wealthy nations driven by migration and supply shortages, while acknowledging that these costs have likely peaked despite remaining high. Finally, the obituary section honors Oleg Gordievsky, the high-ranking KGB officer who successfully defected to MI6 in 1985 after covertly gathering intelligence for decades.
- The Economist9 min
Covid-19: why the economy could fare worse than you think
Analysis of global economic data reveals that the pandemic has created a persistent "90% economy" driven by both government mandates and voluntary consumer caution, resulting in severe job losses for low-income sectors in China, Europe, and the US. While unprecedented state subsidies, such as the 750 billion euros deployed in Europe, currently mask underlying insolvency risks, the eventual withdrawal of this support threatens a cascade of business failures and heightened unemployment. The duration of this structural instability remains inextricably linked to the timeline for vaccine distribution, with delays expected to exacerbate disparities for vulnerable workers and reshape future political agendas.