Leaders
Wishful thinking
Investors’ risky bet: they can shrug off the trade war
The relief they are banking on needs to come fast
A neighbourhood nightmare
India must prove Pakistan’s complicity in the attack in Kashmir
It would then have every right to strike back
The price of public decay
Britain’s social contract is fraying
But a patch-up job would be cheaper than politicians think
Race to the bottom
Donald Trump is right to go after metals in the deep sea
Environmentalists should push the UN body that governs deep-sea mining to pass regulations to allow it
Letters
A selection of correspondence
The IMF’s planned new loan to Argentina
By Invitation
Trump’s first 100 days
Trump’s revolution is the only way to save America, says the architect of Project 2025
Briefing
A darker shade of grey zone
Chinese military exercises foreshadow a blockade of Taiwan
The Trump administration’s fickleness is adding to the island’s anxieties
Hoping for despair
Can China sap a divided and isolated Taiwan of its will to resist?
Taiwanese are growing more doubtful that they can fend off their hostile neighbour
Trade raid
Any Chinese curbs on Taiwan’s trade would carry big economic costs
But China could calibrate a trade “quarantine” to limit unintended consequences
Asia
Tech supply chains
India’s new chip fab rises from the dust
Assault and flattery
Trump, trade and troops: South Korea’s nightmare
A national rethink
Aussies are doing a political pivot
China
In the trenches
American tariffs are starting to hammer Chinese exporters
The rural economy
Edible rats are China’s latest live-streaming stars
United States
Taxing times
Donald Trump is creating chaos at the IRS
Survivor: Ivy League edition
How one Ivy League university avoided the president’s wrath
The Americas
The vote-swinger’s tricky future
Mark Carney’s plan for Canada
Two sides of the same coin
Canada’s new Conservative movement resembles Donald Trump’s
Middle East & Africa
Death to America no more
Iran’s leader hopes America can save his faltering regime
In surprising communion
Donald Trump’s Syria policy is still a work in progress
A smoky affair
Africa’s charcoal economy
Back to the bad old days
Ivory Coast is gearing up for an unfair election
Sunken and rusting
What a wrecked ferry reveals about war in South Sudan
Europe
The break-up
100 days of Trump: the growing dismay in Europe
Buttoned-down caprice
Germany’s staid-seeming new chancellor has a mercurial streak
Charlemagne
The unbearable self-indulgence of Europe
Britain
The public realm
Broken windows and pockmarked roads
Immigrants’ earnings
Britain’s Poles now earn more than the natives
Lairds and the land
Scotland’s outdated land laws threaten the future of rural towns
City limits
Why building anything in London is so hard
International
The last mining frontier
A Trump executive order will unleash a global deep-sea mining boom
Deadbeats united
The UN could run out of cash within months
Business
Less cheap, less cheerful
Can Shein and Temu survive Trump’s trade war?
MAGA v MAMAA
Big tech has a big Trump problem
Trouble brewing
Can Starbucks be turned around?
Lacking a certain je ne sais quoi
When can AI book my summer holiday?
“60 Minutes”, one big headache
For media companies, news is becoming a toxic asset
Factory fantasies
The trouble with MAGA’s manufacturing dream
Bartleby
Your AI meeting notes are ready
Schumpeter
Will the trade war capsize shipbuilders?
Finance & economics
The kopek drops
Vladimir Putin’s money machine is sputtering
Something for everyone?
A takeover bid promises consolidation in Italian finance
PE for the people
The risky world of private assets opens up to retail investors
Free exchange
Why economists should like booze
Science & technology
Root of the problem
Rates of bowel cancer are rising among young people
A trial on trial
A landmark study of gender medicine is caught in an ethics row
Shots in the dark
The great Iberian power cut need not spell disaster for renewables
Well informed
Can at-home brain stimulators make you feel better?
Culture
Rise of nations
How golden ages really start—and end
A steamy romance
Saunas are so hot right now
World in a dish
Mumbai wants to extinguish the charcoal tandoor
Streams of consciousness
What people should learn from rivers
Economic & financial indicators
Indicators
Economic data, commodities and markets
Obituary
Wagner in a chicken shed