Kevin Warsh has some ability to play for time and concentrate on a list of nerdy reforms he wants to make at America’s central bank. But if rates move later this year, it is likely to be up not down Illustration: The Economist / Getty Images

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China is being stress-tested by weakening demand for Chinese EVs, a prolonged trade war and an energy crisis. Xi Jinping is nevertheless betting that the new model of growth kicks in faster than the old one collapses

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As Asim Munir, Pakistan’s military chief, seeks to project strength abroad, militant violence in his country is the worst it has been in a decade

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Employers in America added nearly double the number of workers in May that analysts expected. Yet the healthy headline numbers understate the labour market’s vim

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The gambling industry has been on a painful losing streak. But two tycoons in Las Vegas reckon the market has now reached the bottom. Are they right?

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Kevin Warsh must get a battle plan ready for a surgical intervention into the bond market by the Federal Reserve. Register for free to learn why the Bank of England is a model to follow

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The recipe for Nin Jiom Pei Pa Koa hasn’t changed since it was first concocted in the 1600s. Yet the sweet syrup is enjoying a renewed surge in popularity

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Global finance is in danger of losing its lodestar, making the job of keeping markets and economies on course a more treacherous one. Register for free to learn why a diminished Treasury market would have dismal knock-on effects

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Greater self-sufficiency, especially since the Iran war, is valuable in the Gulf. The United Arab Emirates is furthest ahead

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Peru’s next president will take office with a margin of victory so small that all of its voters could fit in a football stadium Photo: AP

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Four new “jailscrapers” are set to be built in New York City. The latest sketches for the 335-feet prisons look more like university faculties than concrete fortresses. But the designs bring their own challenges

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Apple has at least two big advantages over competitors hoping to use AI to end the iPhone’s reign. Register for free to learn what they are

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To the outside world, Gaudí has become almost synonymous with Barcelona, from the Sagrada Familia to the Parc Güell. Register for free to read why, a hundred years after his death, the Spanish architect is both loved and reviled

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The World Cup will be the most-watched sporting event ever, with 104 matches spread across 16 cities in three countries. Register for free to learn why Mexico is attracting particular scrutiny

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Is that a rocket in your lobby, or are you just happy to see me?

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Professor Max @Tegmark saw it coming. Years before OpenAI and Anthropic opened their doors, he was already warning about the risks AI could pose to humanity. His pleas went unheeded. On Inside Tech we ask him whether it’s too late to change course

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For some Americans, the country has become a cautionary tale, writes Georgia Banjo, our Britain correspondent

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The 2026 World Cup will be the priciest ever—the cheapest group-stage tickets cost twice as much as they did in Qatar four years ago. FIFA is banking on dynamic pricing to treble matchday revenue to a record $3bn. But it risks pricing out the most passionate fans who make the

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Since property sales stopped plunging early this year, China’s property market has fallen back into the basement. There is the more than the pride of its leaders at stake

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The leaders of America, China and Russia scorn consensual politics. That is a mistake

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The alliance is in trouble, but Erdogan is enthusiastic