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The Economist Continental Europe Edition

The Economist Continental Europe Edition February 23, 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.

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The Economist Newspaper Limited - Europe
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8 мин.
the world this week

Politics Pakistan’s prime minister, Imran Khan, warned India not to attack his country in retaliation for a suicide-bombing in Kashmir that killed 40 Indian security personnel, the worst attack on security forces in the region in 30 years of conflict. A militant group based in Pakistan said it was responsible. As tensions mounted between the two arch-rivals, a gun battle between police and suspected militants killed nine people in a village in Kashmir. Amid the hostilities Saudi Arabia’s crown prince and de facto leader, Muhammad bin Salman, visited Pakistan and India, where he promised large investment deals. The Saudi foreign minister offered to help ease tensions between the two neighbours, underscoring the Saudis’ new-found confidence on the world stage. A fire broke out in the Chawkbazar district of Dhaka, Bangladesh’s capital, killing scores…

5 мин.
can pandas fly?

FOR THE past two weeks Chinese and American negotiators have been locked in talks in Beijing and Washington to end their trade conflict before the deadline of March 1st, when America will ratchet up tariffs on Chinese goods or, perhaps, let the talks stretch into extra time. Don’t be distracted by mind-numbing details on soyabean imports and car joint-ventures. At stake is one of the 21st century’s most consequential issues: the trajectory of China’s $14trn economy. Although President Donald Trump started the trade war, pretty much all sides in America agree that China’s steroidal state capitalism makes it a bad actor in the global trading system and poses a threat to security. Many countries in Europe and Asia agree. At the heart of these complaints is the role of China’s government,…

3 мин.
splitting image

IN THE PAST few years many of the MPs in Britain’s main parties have grown increasingly unhappy. One reason Brexit has proved tricky is that the party divide does not map onto views about Europe. This week 11 moderate MPs, eight Labour and three Conservative, decided that they had had enough—and more may join them. Given that Parliament seats 650 MPs, their resignation to create a new Independent Group might seem a minor tremor. But it matters: as a verdict on Labour’s leader, Jeremy Corbyn; as another complication in resolving Brexit; and as a warning of an earthquake that could yet reshape Britain’s two-party system. One of the eight Labour MPs, Luciana Berger, is Jewish. She has been subjected to unrelenting racist attacks from within the party. Mr Corbyn’s feeble response—he…

4 мин.
imperial purple

SINCE THE day he became president, Donald Trump has trampled political norms. He has cosied up to foreign dictators while traducing his own officials. He has demanded that the Justice Department investigate his adversaries and mused about pardoning himself. He lies so frequently that it seems like a tic. In declaring a spurious state of emergency on America’s southern border, has he at last gone too far and provoked a crisis? The president’s action on February 15th was born of frustration and fear for his political future. Having repeatedly promised to build a wall on the Mexican border, he had to do it. Unsurprisingly, his original plan of getting Mexico to pay failed. Mr Trump’s attempts to cajole Congress to provide the money, including by shutting down the government, fared no…

3 мин.
hot, unbothered

CHIEF EXECUTIVES who care about climate change—and these days most profess to—often highlight headquarters bedecked with solar panels and other efforts to lower their carbon footprint. Last week Volkswagen, a carmaker, told its 40,000 suppliers to cut emissions or risk losing its custom. Plenty of investors, meanwhile, say they are worried about being saddled with worthless stakes in coal-fired power plants if carbon taxes eventually bite. Yet the reality is that meaningful global environmental regulations are nowhere on the horizon. The risk of severe climate change is thus rising, posing physical threats to many firms. Most remain blind to these, often wilfully so. They should start worrying about them. Nature disrupting supply chains is nothing new. Businesses have coped with floods, droughts and storms since long before the joint-stock company became…

3 мин.
babel is better

WHEN WINSTON CHURCHILL was at Harrow School, he was in the lowest stream. This did not, he wrote in “My Early Life”, blight his academic career, for “I gained an immense advantage over the cleverer boys. They all went on to learn Latin and Greek and splendid things like that...We were considered such dunces that we could learn only English...Thus I got into my bones the essential structure of the ordinary British sentence—which is a noble thing.” Partly thanks to Churchill and the post-war Anglo-American ascendancy, English is these days prized, not despised. Over a billion people speak it as either their first or second language; more still as a third or fourth language. English perfectly exemplifies the “network effects” of a global tongue: the more people use it, the more useful…