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The Economist Continental Europe Edition

The Economist Continental Europe Edition 06/03/2017

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.

Страна:
United Kingdom
Язык:
English
Издатель:
The Economist Newspaper Limited - Europe
Периодичность:
Weekly
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8 мин.
the world this week

Politics A powerful bomb hidden in a lorry exploded near Kabul’s diplomatic district during the busy rush hour. At least 90 people were killed, but with more than 400 others injured the death toll was expected to rise. It was one of the deadliest attacks in the Afghan capital in recent years, raising questions about how the perpetrators could have infiltrated the city’s fortified centre. America carried out its first successful live-fire test of a system designed to stop intercontinental ballistic missiles. An interceptor launched from a base in California destroyed an imitation ICBM over the Pacific. The test had been planned for a long time, but it came shortly after North Korea conducted its ninth missile test of the year so far. Armed forces in the Philippines struggled to regain control of…

6 мин.
britain’s missing middle

BRITAIN last voted in a general election just two years ago. Back then, the country was a bridge between the European Union and Barack Obama’s America. Its economy was on the mend after years of squeezed living standards. Scottish independence had just been ruled out. Labour’s most controversial policy was a plan to cap energy prices, denounced as “Marxist” by the Tories, who went on to win. Today Britain finds itself in a different era. The vote for Brexit has committed it to leaving its biggest trading partner and snuggling closer to others, including a less-welcoming America. The economy has held up better than many feared but growth is slowing; investors are jittery. The union is fraying again. Real wages have stagnated. Public services are stretched. Political parties have responded in radically…

3 мин.
virtual vertigo

MARKETS frequently froth and bubble, but the boom in bitcoin, a digital currency, is extraordinary. Although its price is down from an all-time high of $2,420 on May 24th, it has more than doubled in just two months. Anyone clever or lucky enough to have bought $1,000 of bitcoins in July 2010, when the price stood at $0.05, would now have a stash worth $46m. Other cryptocurrencies have soared, too, giving them a collective market value of about $80bn. Ascents this steep are rarely sustainable. More often than not, the word “bitcoin” now comes attached to the word “bubble”. But the question of what has driven up the price is important. Is this just a speculative mania, or is it evidence that bit-coin is taking on a more substantial role as…

3 мин.
turning ugly

ONE reason Donald Trump invites acres of commentary is that he keeps the world guessing what he means and where his foreign policy is heading. Touring Europe, he seemed to cast doubt on his support for NATO—except that his staff went on to insist that he was in fact reaffirming America’s commitment to the alliance. As The Economist went to press, he was about to announce America’s withdrawal from the Paris climate accord—or, then again, he was about to stay in the accord, demonstrating the wise counsel of the globalists in his White House. Both, or something in between, were still possible. Yet, 19 weeks into Mr Trump’s presidency, out of the chaos and the contradiction a pattern is emerging. And it is not reassuring for America or for the world. Berlin…

3 мин.
sheikh hasina’s folly

SHEIKH HASINA WAJED has inflicted many injuries on Bangladesh’s democracy. She has pursued a dogged vendetta against her main rival for the job of prime minister, Khaleda Zia, hounding her supporters and persecuting her party. She has picked on any prominent person or institution that is not beholden to her, from Muhammad Yunus, a microcredit pioneer, to Bangladesh’s biggest Islamic bank. Citing atrocities committed during Bangladesh’s war of independence from Pakistan in 1971, she oversaw the dismemberment of the country’s main Islamic party, executing many of its leaders. By those standards, her latest failing—pandering to the demands of Islamist agitators and refusing to defend the secular principles of the constitution—may seem relatively mild. But its consequences will be lasting. By and large, Bangladesh is as moderate as Sheikh Hasina is intemperate.…

3 мин.
cough up

IN SOME rich countries ex-smokers now outnumber those who still puff on. But in many poor countries smoking is on the rise, particularly among men. In parts of Africa more than a third of men smoke. In some Asian countries men are as likely to smoke as they were in America 50 years ago, back when the idea that tobacco is deadly was still news. After high blood pressure, smoking is now the world’s second-biggest cause of ill health and early death. Recent estimates put the annual costs from illness and lost productivity at $1.4trn, or 1.8% of global GDP. Almost 40% of this falls on developing countries, which are least able to afford it. As the success in rich countries shows, there is no mystery about how to get people…