Leaders

The end of the post-1945 order
Donald Trump has begun a mafia-like struggle for global power
But the new rules do not suit America

The return of inheritocracy
Inheriting is becoming nearly as important as working
More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society

Move fast and break things
Germany’s election victor must ditch its debt rules—immediately
Friedrich Merz has weeks to shore up his country’s defences

The man who would be Musk
Prabowo Subianto takes a chainsaw to Indonesia’s budget
The result? More money for the president’s boondoggles
Letters
On America’s defence spending, the Exxon Valdez, the Oxford-Cambridge Arc, scams, Latin, TikTok
Letters to the editor
By Invitation
An alliance upended
The transatlantic relationship is crumbling, says an ex-head of NATO
Oversight, out of mind
Donald Trump should not replace us with his stooges, warns a fired inspector-general
Briefing

Gangster’s paradise
The transactional world Donald Trump seeks would harm not help America
Ukraine, Gaza and China will all test his self-interested approach to diplomacy
Asia
DOGE days in Jakarta
Prabowo Subianto is drastically cutting Indonesia’s budget
Keeping it in the family
The election in Tajikistan is unlikely to be democratic
Demography
The trouble with ancient Indians
China
China employment
Who works where, doing what, in China
Watching and waiting
Could there be Chinese troops in Europe?
Weidel in China
The AfD’s unusual China connection
United States
Believe it
America’s Gen Z has got religion
“It’s just some energy”
The spread of mariachi tells a very American story
Race and diversity in America
Edward Blum has new allies in his fight against affirmative action
The Americas
Ecuador’s iron lady
The bravest woman in Latin America?
Border conundrums, again
Mexico deploys 10,000 troops to the US border
Bullfighting
The matadors’ last stand in Colombia
Middle East & Africa
Running out of road
Israel and Hamas have something in common
Jordan’s monarchy
Could political upheaval hit Jordan next?
Syria’s new constitution
In a dictator’s palace, Syrians debate a new constitution
Resource nationalism in the Sahel
How to make cash in Africa’s coup belt
Sink and swim
The sea is swallowing an African island
Europe
On the edge in Germany
Merz wins a messy election then calls for independence from America
The price of security
Europe will need to pull all the levers to up its defence spending
A deal, of a kind
Ukraine has fended off Donald Trump, for the moment
Pluses and minuses
Ukraine is scrambling to find fresh fighters
Pay up or blow up
Swedish businesses are being bombed
Britain
The new nuclear question
Does Britain’s nuclear deterrent have a Trump-shaped problem?
The last cut is the deepest
Britain halves its foreign-aid budget
Conditional cash transfers
Paying teenagers to go to school was a bad idea
Caveat patient
Anybody in Britain can call themselves a therapist
International
Five minutes to midnight
Can Europe confront Vladimir Putin’s Russia on its own?
The Telegram
America’s self-isolating president
Technology Quarterly
Next-generation medicine
CRISPR could yet save millions of lives. Here’s how
Scientific research
Gene editing is already revolutionising research in the laboratory
Editing crops
Eat your GE-greens
CRISPR animals
Editing pigs, mice and mosquitoes may save lives
Reproductive science
Designing babies
The way forward
Gene editing can still change the world
The age of CRISPR
Acknowledgments
Business
Ground control to Jensen Huang
Nvidia is fighting both Trump and China
Making America fab again
The trouble with MAGA’s chipmaking dreams
Skipping duties
A guide to dodging Donald Trump’s tariffs
Finance & economics
Wealth transfer
How to get rich in 2025
Buttonwood
How cheap can investing get?
Vigilante justice
Meet Trump’s fiercest opponent: the bond market
Hard cash, soft rules
Stablecoins: the real crypto craze
Science & technology
Culture
Full steam ahead
Erotic writing is becoming more explicit
007’s new handler
In James Bond, Amazon gains a thrilling new asset
World in a dish
Caviar is the internet’s favourite indulgence
The babble and the beyond
Finding meaning in people’s first words—and their last
Been there, heard that
Why are live albums back in fashion?
Flipper the switch
Do you play a mean pinball?
Economic & financial indicators
Indicators
Economic data, commodities and markets
Obituary
A safe space for queerness