The Economist
Also: Can French nukes protect Europe if Trump walks away?
A French Civil Security Canadair CL-415 aircraft flies past flames burning a forest outside Cotignac, France on July 23rd 2026
Climate change
Europe’s fires are just the start
They are not a new normal. But worse can nonetheless be expected
Illustration of a submarine half submerged with a blue, white and red target on the front and a French flag flying from the top. Below the water level an umbrella handle can be seen to form an umbrella shape with the top of the submarine. Rain is falling.
The Telegram
Can French nukes protect Europe if Donald Trump walks away?
Europeans are keen on nuclear collaboration with Emmanuel Macron. What if Marine Le Pen becomes president?
A portrait of Gita Gopinath, Pierre-Oliver Gourinchas and Helen Rey
By Invitation
Don’t blame global imbalances on the undervalued yuan
Demanding that China revalue the yuan gets both the diagnosis and the cure wrong, write Gita Gopinath, Pierre-Olivier Gourinchas and Hélène Rey
Minimal illustration of a cracked Bitcoin symbol on an orange background, with black fragments falling through the centre
Buttonwood
Retail investors should beware perpetual futures
These peculiar products, popular in the crypto world, are hitting the mainstream
A vintage postcard illustration featuring a group of stylish young women flirting with a sailor at the seaside, circa 1910. The postcard reads 'All the nice girls love a sailor'.
Wish you were here?
The world is entering a post-postcard age
This means fewer ghastly pictures of sunsets. More ghastly Instagram