The Economist Continental Europe Edition

The Economist Continental Europe Edition June 5, 2021

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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Страна:
United Kingdom
Язык:
English
Издатель:
The Economist Newspaper Limited - Europe
Периодичность:
Weekly
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1 мин.
coronavirus briefs

Peru raised its death toll from the disease to 180,000 (from 69,300) to keep the figure in line with international counting of excess deaths. Britain reported zero daily deaths from covid-19 for the first time since the start of the pandemic in March last year. The country’s vaccine roll-out has been a stellar success. More than 75% of adults have received at least one jab. The World Health Organisation (WHO) approved the Sinovac vaccine for emergency use, the second jab made in China to receive its blessing. The WHO reclassified variants of the disease by letters of the Greek alphabet to avoid upsetting the countries where they were first spotted. The British variant becomes Alpha, the South African variant Beta, and so on. In a somewhat less sensitive move, the WHO elected Syria,…

7 мин.
the world this week

Politics The opponents of Binyamin Netanyahu reached an agreement that would end his 12­year stretch as prime minister of Israel. Under the deal, Naftali Bennett, the leader of a nationalist party, would become prime minister, serving for two years before handing over to Yair Lapid, a centrist and secularist. The Knesset still must pass a vote of confidence in the new coalition, which includes an Arab-Israeli party. That leaves time for Mr Netanyahu to try to pick off its right-wing supporters. The African Union suspended Mali’s membership and threatened to impose sanctions if a civilian-led government is not restored. Last month Mali’s armed forces mounted a coup, the second in less than a year. The Democratic Republic of Congo said that 32 of its MPs had died of covid-19. The reported total for…

5 мин.
geopolitics and business

TWENTY YEARS ago this week the share price of a startup run by an obsessive called Jeff Bezos had slumped by 71% over 12 months. Amazon’s near-death experience was part of the dotcom crash that exposed Silicon Valley’s hubris and, along with the $14bn fraud at Enron, shattered confidence in American business. China, meanwhile, was struggling to privatise its creaking state-owned firms, and there was little sign that it could create a culture of entrepreneurship. Instead the bright hope was in Europe, where a new single currency promised to catalyse a giant business-friendly integrated market. Creative destruction often makes predictions look silly, but even by these standards the post-pandemic business world is dramatically different from what you might have expected two decades ago. Tech firms comprise a quarter of the global…

3 мин.
a chance of renewal

NEVER BEFORE has Binyamin Netanyahu’s hold on the premiership of Israel looked so weak. On June 2nd his opponents, led by Naftali Bennett (pictured) and Yair Lapid, agreed to form a government that excludes the man who has dominated his country’s politics for the past 12 years (see Middle East & Africa section). The only thing left is for the Knesset (Israel’s parliament) to hold a confidence vote. Mr Netanyahu will do his utmost to sabotage it. But if he fails, his long reign will be over. “King Bibi” has overseen a flourishing high-tech economy and one of the world’s best covid-19 vaccination campaigns. He has made peace with several Arab states and kept Israel safe, notwithstanding a recent war in Gaza. Many of his policies are now generally accepted, even…

4 мин.
house of pain

IN RECENT WEEKS diversity at work has taken on a new meaning. As vaccination progresses in the rich world and restrictions ease, some huge office tenants, such as Goldman Sachs, a bank, want staff back full-time, while others, like Citigroup, a rival, expect some employees never to set foot in a central business district again. Behind the posturing, a consensus is slowly emerging that white-collar desk-warriors should be allowed to stay at home more often post covid-19—and that many probably will. Office landlords, however, and those who bankroll them, continue to pretend that no storm is coming. With billions of dollars sunk in undesirable buildings, they face a reckoning. Office bulls rest their case on two pillars (see Finance section). One is to argue that recent evidence shows pandemic-induced disruptions are…

3 мин.
killing reform

AFTER GEORGE FLOYD’S murder a year ago, Atlanta’s mayor scolded the rioters who were smashing up parts of her city. “This is not a protest…This is chaos,” Keisha Lance Bottoms said. “If you care about this city, then go home.” The speech was so well pitched that some overexcited pundits wondered whether she might one day run for president. One year on, Ms Lance Bottoms has declined even to run for re-election as mayor, in part because Atlanta is suffering from a violent-crime wave which she has been unable to calm. One affluent neighbourhood is keen to secede from the city altogether. What is true in Atlanta is also true in other American cities. Property crimes are down, but violent crime has risen. Murders increased by about 30% between 2019 and…