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Gallivanting EU politicians reveal where power really lies

Inside the Grand Tour of 27 European capitals

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Scott Bessent takes on the bond market

And makes trouble for the Fed

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China should be loosening budgetary policy. It’s doing the opposite

Its belt-tightening is good micro, but bad macro

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How India’s central bank subsidised the diaspora

The scheme has helped to stabilise the rupee

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Inside Britain’s summer-productivity problem

A handpicked article read aloud from the latest issue of The Economist

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Meta settles its blockbuster trial for up to $17bn

The social-media colossus will alter the way teens can use its platforms

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An obituary for the Drexel generation

A new book about Apollo offers a showcase of financial genius and human failure

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America will regret Scott Bessent’s bond-market misadventures

But expect them to continue, so long as government debt stays high

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Why is Russia deliberately weakening its currency?

A strong rouble was hurting the budget

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Low-energy cooling for a warming planet

Our podcast on science and technology. This week, how to beat the heat without overworking your air-conditioning