EXPLOREMY LIBRARY
searchclose
shopping_cart_outlined
exit_to_app
category_outlined / Business & Finance
The Economist UK edition The Economist UK edition

The Economist UK edition January 19, 2019

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.

Country:
United Kingdom
Language:
English
Publisher:
The Economist Newspaper Limited - UK
Read Morekeyboard_arrow_down
BUY ISSUE
£4.99(Incl. tax)
SUBSCRIBE
£179.99(Incl. tax)
51 Issues

IN THIS ISSUE

access_time8 min.
the world this week

Politics Theresa May’s Brexit deal suffered a crushing defeat in the British Parliament. Leavers who think the deal does not go far enough in disentangling Britain from the European Union joined Remainers in voting against the government by a majority of 230, the largest defeat of a government on record. Hoping to trigger an election that it thinks it can win, the opposition Labour Party called for a motion of no confidence in the government, which it survived as Tory rebels returned to the fold. Mrs May will have to return to Parliament with a new Brexit blueprint on January 21st. Macedonia’s parliament voted to approve the change of the country’s name to North Macedonia, part of a deal that is meant to see Greece lift its…

access_time5 min.
the mother of all messes

NO PLAN BY any modern British government has been so soundly thrashed as the Brexit deal thrown out by Parliament on January 15th. The withdrawal agreement, the centrepiece of Theresa May’s premiership, which she has spent nearly two years hammering out with the European Union, was rejected after five days’ debate by 432 votes to 202. Her own Conservative bankbenchers voted against her by three to one.The mother of parliaments is suffering the mother of all constitutional crises (see Britain section). Three years ago, in the biggest poll in the country’s history, Britons voted in a referendum to leave the EU. Yet Parliament, freshly elected a year later by those same voters, has judged the terms of exit unacceptable. The EU shows little willingness to renegotiate. The prime minister…

access_time3 min.
judge dread

FOR EUROPEAN firms operating in Asia, or Latin American and Asian firms hustling in Africa or the Middle East, business risks abound. Surprisingly high on the list of things that keep bosses awake with cold sweats at night is falling foul of America’s Department of Justice (DOJ) or its Treasury Department.The United States leads the world in punishing corruption, money-laundering and sanctions violations. In the past decade it has increasingly punished foreign firms for misconduct that happens outside America. Scores of banks have paid tens of billions of dollars in fines. In the past 12 months several multinationals, including Glencore and ZTE, have been put through the legal wringer. The diplomatic row over Huawei, a Chinese telecoms-equipment firm, centres on the legitimacy of America’s extraterritorial reach (see Business section).…

access_time4 min.
engine trouble

YOU CANNOT doubt the ambition. By choosing Aachen as the place where they will sign their renewed treaty of friendship and co-operation on January 22nd, Emmanuel Macron and Angela Merkel aim to send a strong signal: France and Germany are still at the heart of the European project, guiding and dominating it, even as the British prepare to depart. Aachen was the capital of Charlemagne’s ancient Frankish empire, his reincarnation of the lost Roman one. His kingdom encompassed most of the lands of the six founding members of the European Union.The Aachen treaty is intended to reinvigorate the Franco-German partnership at the core of the EU, and strengthen the Elysée treaty of 1963 which institutionalised it. Alas, the jamboree may do more harm than good. One reason is that,…

access_time4 min.
one country, two song-sheets

“A RISE! ARISE! ARISE! Millions of hearts with one mind,” go the lyrics of China’s national anthem, “The March of the Volunteers”. Yet many people in Hong Kong are not of one mind with China’s government. The territory has been a part of China since Britain handed over the former colony in 1997. But its football fans routinely boo and turn their backs when the Chinese anthem is played. At pro-democracy protests, a few people sometimes even wave the British colonial flag. Some youngsters are also beginning to demand greater independence from China. In 2016 such “localists” gained one-fifth of the popular vote in elections to Hong Kong’s legislature, known as Legco.The Communist Party in Beijing has responded as it always does when confronted: by flexing its muscles. It…

access_time3 min.
taming terminators

FOR THOUSANDS of years, weapons went where humans thrust, threw or propelled them. In the past century, they have grown cleverer: more able to duck and weave to their targets; more able to select which of many ships, tanks or aircraft to strike; and more able to wait for the right target to turn up. Increasingly, such weapons can be let loose on the battlefield with little or no supervision by humans.The world has not entered the age of the killer robot, at least not yet. Today’s autonomous weapons are mostly static systems to shoot down incoming threats in self-defence, or missiles fired into narrowly defined areas. Almost all still have humans “in the loop” (eg, remotely pulling the trigger for a drone strike) or “on the loop” (ie,…

help