It will be richer, more powerful—and more volatile
It has a window of opportunity to push Russian forces back
The monarchy is an anachronism, yet it thrived under Elizabeth II. That holds lessons for her successor and for democracies elsewhere
The new prime minister must eschew pantomime radicalism if she is to succeed. The sceptics have many reasons to be dubious—yet underestimating Liz Truss is a mistake her opponents have already made to their cost.
Two states, two very different states of mind. On August 25th California banned the sale of petrol-powered cars from 2035, a move that will reshape the car industry, reduce carbon emissions and strain the state’s electricity grid. On the same day in Texas a “trigger” law banned abortion from the moment of conception, without exceptions for rape or incest. Those who perform abortions face up to 99 years in prison.
If you are the type of person who is loth to invest in firms that pollute the planet, mistreat workers and stuff their boards with cronies, you will no doubt be aware of one of the hottest trends in finance: environmental, social and governance (esg) investing. It is an attempt to make capitalism work better and deal with the grave threat posed by climate change. It has ballooned in recent years; the titans of investment management claim that more than a third of their assets, or $35trn in total, are monitored through one esg lens or another. It is on the lips of bosses and officials everywhere.
There may be a heatwave in Europe, but winter is coming. It promises to be brutal and divisive: the energy crisis is rapidly worsening as Vladimir Putin strangles gas supplies https://econ.st/3aJz3ir
The hype about TikTok is justified—and so are the concerns. There’s a reason why the world’s most exciting app is also its most mistrusted https://econ.st/3bQE9JX
