Business & Finanz
The Economist Continental Europe Edition

The Economist Continental Europe Edition 09/09/2017

The Economist is the premier source for the analysis of world business and current affairs, providing authoritative insight and opinion on international news, world politics, business, finance, science and technology, as well as overviews of cultural trends and regular Special reports on industries and countries.

United Kingdom
The Economist Newspaper Limited - Europe
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8 Min.
the world this week

Politics North Korea tested a nuclear device about eight times more powerful than the one it tested a year ago. President Donald Trump responded by criticising South Korea almost as much as the North, for seeking talks with its northern neighbour. America is pushing to tighten already stringent sanctions on North Korea. Over 150,000 Rohingyas, a Muslim minority group in Myanmar, fled into Bangladesh after the Burmese army went on the rampage, shooting villagers and burning homes in response to attacks on police posts by Rohingya militants. The UN urged Myanmar’s government to protect civilians “without discrimination”. Police in Cambodia arrested Kem Sokha, the leader of the main opposition party, on spurious charges of treason. The Cambodian government appears to be stifling all dissent in the run-up to next year’s elections. Australia’s High Court…

5 Min.
angela’s unfinished business

TO HER many fans, Angela Merkel is the hero who stands up to Donald Trump and Vladimir Putin, and who generously opened her country to refugees. To others, she is the villain whose ill-thought-out gamble on immigration is “ruining Germany”, as Mr Trump once put it, and whose austerity policies laid waste to southern Europe. The fans are closer to the truth. Her country has indeed done well under her leadership and the world been better for her steady hand. But during three terms in office, Mrs Merkel has not done enough to prepare Germany for the future. If her many years at the top are to be viewed as more than merely sufficient, she must use her fourth term to bring about change. A steady hand in a turbulent world There is…

5 Min.
nowhere to hide

THE human face is a remarkable piece of work. The astonishing variety of facial features helps people recognise each other and is crucial to the formation of complex societies. So is the face’s ability to send emotional signals, whether through an involuntary blush or the artifice of a false smile. People spend much of their waking lives, in the office and the courtroom as well as the bar and the bedroom, reading faces, for signs of attraction, hostility, trust and deceit. They also spend plenty of time trying to dissimulate. Technology is rapidly catching up with the human ability to read faces. In America facial recognition is used by churches to track worshippers’ attendance; in Britain, by retailers to spot past shoplifters. This year Welsh police used it to arrest a…

3 Min.
messaging the shooter

ON SEPTEMBER 3rd North Korea tested what it claimed was a hydrogen bomb. Whether it was really that, or merely a boosted fission device, is unclear (see page 44). What is certain is that the bomb was hefty enough to cause big earth tremors in neighbouring China. Seismic data suggest the blast was around 120 kilotons—at least eight times more powerful than the North’s previous test a year ago. If converted into a warhead small enough to fit on its Hwasong-14 intercontinental ballistic missile, it could kill nearly everyone across a 15-square-kilometre area. Even if Kim Jong Un’s ruthless regime does not have a hydrogen bomb today, it will within a year or so probably have mastered a technology that has the potential for almost unlimited destruction. This is a terrible…

3 Min.
let them stay

IF YOU could design people in a laboratory to be an adornment to America they would look like the recipients of DACA. Deferred Action for Childhood Arrivals, an executive action issued in 2012 by Barack Obama to protect most of those who were brought to the country as children from deportation, covers about 800,000 people. They are a high-achieving lot. More than 90% of those now aged over 25 are employed; they create businesses at twice the rate of the public as a whole; many have spouses and children who are citizens. They are American in every sense bar the bureaucratic one. Correcting that ought to be about as hard politically as declaring a new public holiday. Instead, there is a good chance that Congress will return them to their prior…

4 Min.
created destruction

STOCKMARKETS have been on a tear over the past 18 months. Shares are, on average, up by a third globally. Commodities have rallied. And the optimism has infected corporate treasurers, who, for the first time in five years, are spending more on new buildings and equipment. Plenty of factors have fed into the upturn, from Europe’s recovery to early hopes for the Trump presidency. But its origins date back to a commitment by China to demolish steel mills and shut coal mines. On the face of it, that is an unlikely spark for a change in sentiment. Normally, growth comes from the investment in new facilities, not the closure of those in use. In fact, China’s case is a rare one. By taking on extreme overcapacity, its cutbacks have provided a…