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The Economist Continental Europe Edition

The Economist Continental Europe Edition 03/17/2018

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.

Land:
United Kingdom
Språk:
English
Utgiver:
The Economist Newspaper Limited - Europe
Hyppighet:
Weekly
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8 min.
the world this week

Politics Donald Trump sacked Rex Tillerson as secretary of state, announcing the defenestration on Twitter. Mr Tillerson had become increasingly detached from the White House as the president let it be known that he wanted to pursue a more muscular foreign policy. Concluding that his unconventional approach was reaping benefits, Mr Trump had earlier surprised South Korean envoys, and his own national-security team, by agreeing to meet Kim Jong Un for talks on North Korea’s nuclear aims. The new secretary of state will be Mike Pompeo, who currently runs the CIA. Gina Haspel steps up from deputy director to the top job at the CIA. She will be the first woman to hold the position if her appointment clears the Senate, where she will face tough questioning about her past supervision of…

5 min.
the battle for digital supremacy

“DESIGNED by Apple in California. Assembled in China”. For the past decade the words embossed on the back of iPhones have served as shorthand for the technological bargain between the world’s two biggest economies: America supplies the brains and China the brawn. Not any more. China’s world-class tech giants, Alibaba and Tencent, have market values of around $500bn, rivalling Face-book’s. China has the largest online-payments market. Its equipment is being exported across the world. It has the fastest supercomputer. It is building the world’s most lavish quantum-computing research centre. Its forthcoming satellite-navigation system will compete with America’s GPS by 2020. America is rattled. An investigation is under way that is expected to conclude that China’s theft of intellectual property has cost American companies around $1trn; stinging tariffs may follow. Earlier this year…

3 min.
a poisoned relationship

WHEN Theresa May stood before the House of Commons on March 14th to set out her response to the use of a military-grade nerve agent to poison a Russian ex-spy, she seemed to describe what was almost an act of war by a rogue regime. The attack, she said, amounted to the “unlawful use of force by the Russian state against the United Kingdom”. The attempt to kill Sergei Skripal, a former double agent—and the poisoning of his daughter and a British policeman—was “an affront to the prohibition on the use of chemical weapons”. Britain’s ultimatum for an explanation from Moscow had been contemptuously ignored. As a result, Mrs May announced a series of measures against Russia, starting with the expulsion of 23 members of the Russian embassy whom she identified…

4 min.
after rexit

EVEN by the reality-TV standards of this White House, the manner in which Rex Tiller-son was sacked as secretary of state was jaw-dropping. President Donald Trump fired him by tweet, saying that he would be replaced by Mike Pompeo, director of the CIA. He did not call him until much later, nor did he offer an explanation. Mr Tillerson’s spokesman said that he had no idea why his boss had been fired. So he was fired, too. Mr Tillerson was a poor secretary of state. Having run ExxonMobil, the tenth-biggest company in the world by revenue, he treated diplomacy like business and his department like a division ripe for restructuring. He seemed to regard his underlings as idle assets and they repaid him with their scorn (see United States section). So,…

4 min.
electric dreams

OIL shaped the 20th century. In war, the French leader Georges Clemenceau said, petroleum was “as vital as blood”. In peace the oil business dominated stockmarkets, bankrolled despots and propped up the economies of entire countries. But the 21st century will see oil’s influence wane. Cheap natural gas, renewable energy, electric vehicles and co-ordinated efforts to tackle global warming together mean that the power source of choice will be electricity. That is welcome. The electricity era will diminish the clout of the $2trn oil trade, reduce the choke points that have made oil a source of global tension, put energy production into local hands and make power more accessible to the poor. It will also make the world cleaner and safer—reassuringly dull, even. The trouble is getting from here to there.…

3 min.
tanzania’s sickening lurch

THE white beach of Dar es Salaam may seem enticing. Yet the bodies that have washed up on it, almost in sight of the city’s glistening offices and hotels, are a sign of Tanzania’s sickening lurch to despotism. Opposition politicians are being shot; activists and journalists are disappearing. Until recently Tanzania’s political stability drew investors and donors, spurring one of the fastest sustained streaks of economic growth in Africa. But John Magufuli, an authoritarian and erratic president in his third year in office, threatens to undo much that Tanzania has achieved over the past few decades. The rest of Africa, and the world, should not keep quiet. The Teacher’s flawed lessons Tanzania matters, in part because of the aura of the late Julius Nyerere, its first prime minister, as a founding father of…