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 March 9, 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 Abdelaziz Bouteflika, the president of Algeria, defied protesters by registering to run for a fifth term in office. The ailing octogenarian is widely seen as a figurehead for a cabal of generals and businessmen, who hold real power. They have sought to assuage critics by promising that if Mr Bouteflika is re-elected, he will hold an early election, which he would not contest. America closed its consulate-general in Jerusalem, which had acted as a de facto embassy to the Palestinians. The State Department said this did not signal a change in policy; the consulate’s operations will be handled by the new American embassy to Israel in the city. But the Palestinians suggested that it further undermined America’s role as peacemaker. The Netherlands recalled its ambassador to Iran after the government in Tehran…

access_time5 min.
the new scramble for africa

THE FIRST great surge of foreign interest in Africa, dubbed the “scramble”, was when 19th-century European colonists carved up the continent and seized Africans’ land. The second was during the cold war, when East and West vied for the allegiance of newly independent African states; the Soviet Union backed Marxist tyrants while America propped up despots who claimed to believe in capitalism. A third surge, now under way, is more benign. Outsiders have noticed that the continent is important and becoming more so, not least because of its growing share of the global population (by 2025 the UN predicts that there will be more Africans than Chinese people). Governments and businesses from all around the world are rushing to strengthen diplomatic, strategic and commercial ties. This creates vast opportunities. If…

access_time3 min.
don’t be evil

SOMETIMES IT SEEMS as if Vladimir Putin’s presidency has been made for television. His bare-chested exploits on horseback, microlight flights with cranes and the fighting in Ukraine and Syria were planned with the cameras in mind. Having helped turn a little-known KGB officer into a patriotic icon, television has sustained him in power. But recently, there are signs that the spell of Russia’s gogglebox is weakening. Meanwhile, ever more Russians look to the internet for their news. Russia’s state-controlled broadcast channels must now compete with social-media stars, YouTubers and online activists (see Europe section). Over the past decade trust in television has fallen from 80% to below 50%; 82% of 18- to 44-year-olds use You-Tube and news is its fourth-most-watched category. Some vloggers have audiences that dwarf those of the nightly…

access_time4 min.
l’europe, c’est moi

IF YOU CAN’T beat them, adopt their worst economic policies. Worried about the “aggressive strategies” of America and China, France’s president, Emmanuel Macron, issued a Europe-wide proclamation on March 4th that, among other things, proposed a new revolutionary era of government intervention in European Union businesses (see Europe section). “We cannot suffer in silence,” he declared, while other global powers flout the principles of “fair competition”. Mr Macron is not alone. Across the continent, politicians are seeking to influence business using a range of tactics including regulation, nudging managers to do deals and boosting state ownership. At Renault-Nissan, the downfall of Carlos Ghosn has become intertwined with a struggle for control between the French and Japanese governments (see Banyan). Last month Peter Altmaier, Germany’s economy minister, called for champions such as…

access_time4 min.
out with the old

IN MOST COUNTRIES candidates for president must prove that they are in command of their senses. In Algeria, for example, they are required to register in person. But that rule apparently does not apply to Abdelaziz Bouteflika, the ailing president, who was lying in a Swiss hospital bed when his campaign manager filed papers this month for him to run for re-election. Mr Bouteflika—or his coterie—is hoping he will win a fifth five-year term on April 18th. He probably does not remember his fourth. The 82-year-old suffered a stroke in 2013 and has rarely been seen since. Occasionally the government releases video of Mr Bouteflika looking confused, as aides fawn over him. The old man can hardly speak or walk. Yet he still ran away with the last election. The secretive…

access_time3 min.
plane stupid

THE BLUE jeans and T-shirts of the global elite are no more comfortable than those worn by the middle class. They drink the same coffee, watch the same films and carry the same smart-phones. But a gulf yawns between the rich and the rest when they fly. Ordinary folk squeeze agonisingly and sleeplessly into cheap seats. The elite stretch out flat and slumber. And the truly wealthy avoid the hassles and indignities of crowded airports entirely, by taking private jets. This would be no one else’s business but for two things. First, private jets are horribly polluting. Second, they are often—and outrageously—subsidised. Private aviation was hit hard by the global financial crisis, when both companies and individuals sought to pare expenses. But now private jets are booming again. This is partly…

help