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The humbling of Goldman Sachs
Being good in a bad industry is not enough
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Polycrisis or polyrecovery?
Despite glimmers of good news, a downturn is still likely
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Rescue and repeat
China’s property slump is easing. But the relief could be short-lived
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Main course, not sweeteners
Britain’s industrial policy should focus on getting the basics right
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Debt on the Nile
To save Egypt’s economy, get the army out of it
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Vampire squib
NEW YORKHow a storied investment bank went from apex predator to Wall Street laggard
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Plain sailing for Giorgia Meloni
ROMEA perhaps surprisingly steady first 100 days
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The Panzerwende
WASHINGTON, DCWestern tanks should greatly help Ukraine, but the stakes are rising
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A lost year
BERLINThe state of the Bundeswehr is more dismal than ever
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Bouncing back
MADRIDDespite cheerier news, chronic problems persist
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Body beautiful
PARISEven in the home of chic, obesity is on the rise
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The ghost of crisis past
Experience from 2009 suggests Europe should shake off any complacency
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Pulling the plug
The age of electrification threatens the domestic automotive industry
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In the good times
SWINDONA surprisingly fierce movement to protect 1970s leisure centres
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Britanskii blat
In a land of queues, lessons in the Soviet art of getting by
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Pyramid scheme
CAIROA decade of deficits has caught up with Egypt’s unproductive economy
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No cheques please, we’re Kuwaiti
DUBAIA populist plan to pay off private debts is another sign of the country’s ills
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Fluent in empathy
UMNGENIWhat a white, gay, Zulu-phonic mayor reveals about South African politics
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A family business
LOMÉThe president promises development, not democracy, but delivers neither
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Deals on wheels
KASUMBALESAWhy bicycles are crucial to Congo’s cross-border trade
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Red meat and greet
DALLASWashington may be gridlocked, but state legislatures are cooking up new laws and spending priorities
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Florida’s woke wars
WASHINGTON, DCRon DeSantis wants to limit free speech in the name of freedom
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Trillion-dollar chicken
WASHINGTON, DCThere is no easy escape from America’s debt-ceiling mess
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Footloose
NEW YORKA shortage creates opportunities for nurses with wheels
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Cop city
ATLANTAA forest, a fatal shooting and a police car up in flames
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What Edward Hopper saw
An exhibition of his paintings in New York reveals timeless insight into the city and its people
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Ready for relaunch?
As Lula takes over again, Brazil’s economic prospects are looking up
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El Chapo: the sequel
MEXICO CITYA trial in New York exposes US-Mexican counter-narcotics tensions
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Middle-income trap
BUENOS AIRESA new generation of Argentine musicians is topping the charts
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Relaunching Rahul Gandhi, again
GANUSPUR, PUNJAB TO INDORA, HIMACHAL PRADESHDo Indians still want the Congress party’s secular politics?
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May the force be without you
MANILABongbong Marcos rewires the drugs war
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Hipkins to be square
SYDNEYWith an election looming, a new prime minister has his work cut out
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Full metal jacket
SINGAPOREIt will soon be clear that nickel and aluminium are not alike
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No going back
The Rohingya refugees are stuck in Bangladesh. It should permit them to thrive
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Cleaning the house
HANOIA post-pandemic anti-graft drive brings down the president
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A cuddlier China?
DAVOSIn the year of the rabbit, China will try to win over Westerners and private firms. But Xi Jinping is unlikely to change
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Tense as ever
KAOHSIUNGChina’s softer approach to diplomacy does not include Taiwan
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Itching to hitch ’em
Chinese singles face the heat over the holiday
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Performance and legitimacy
A revealing propaganda drama about a virtuous, village-born Communist Party chief
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Education in a can
BENIN CITYChildren learn too little at too many schools. Tightly scripted, pre-baked lessons could help
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Bulldozed
America Inc is in for a rough earnings season
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Picking on winners
MUMBAIA short-seller’s critique of the Adani empire
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The curse of the headshot
What explains the corporate custom of strange poses and pained smiles?
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Can it deliver again?
SEATTLEThe pioneering e-commerce giant battles soaring costs and a stagnating legacy business
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Gadfly season
Languishing Silicon Valley stocks attract Wall Street’s mischief-makers
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Lightning in a chatbottle
Satya Nadella has dreamed of this Microsoft moment for his whole career
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Dare to dream
Markets are giddy. Could the world really avoid a recession?
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Gaucho, grilled
Latin America’s early contender for worst economic idea of the year
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When the fees are worth it
Just occasionally, professional stockpickers can beat their algorithmic opponents
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Flipped
HONG KONGWhat inflation means for the Big Mac
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God and mammon
Serving two masters is tricky, it turns out
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Disaster relief
HAIYANGThe Chinese state seeks to prevent a housing meltdown
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Fiscal fables
Have economists misunderstood inflation?
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The other brain cells
Neurons are not the only cells that think
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Tests of unreason
More evidence that hormone testing for women’s fertility does not work
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Buzz off!
A better way of keeping mosquitoes at bay is under development
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I spy, with my little Wi-Fi
Big Brother is watching you—even more than before
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Bring me my bow of burning gold
A way to measure the effect of stress on performance in (some) athletes
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A long goodbye
In the struggle to give up fossil fuels, is innovation a necessity or a distraction?
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Eating to 100
America has healthy cuisines—if you know where to look
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Nobody’s perfect
A stage adaptation of “Some Like It Hot” underscores the genius of the original
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Where have all the workers gone?
Retiring baby-boomers and shorter workweeks explain the labour shortage
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Sacredness in Suffolk
Ronald Blythe, observer, recorder and writer, died on January 14th, aged 100
