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boundary="50gkHOyp6eTJ=_?:" This is a multi-part message in MIME format. --50gkHOyp6eTJ=_?: Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit The Economist https://click.e.economist.com/?qs=5c1c66a8e83145ac99da086c6f0b3cb5f000ca9e9882a2fe8eed57b48248838adb101a738eff62cd86db5a328ba633dbeac1086f8cd12a9901e5d92379f20e5d https://view.e.economist.com/?qs=b875dc700d765affc43e28a4b63bb9ff5e7a72b8f6119329baf2072acd2e95134b5ea221d438cb54d2ab97933d5ad689c65e100836b345bcd3f2f4aa515772545a015a2200d606f09deb82fb17a3e5a3 Read in browser February 18th 2025 The Economist today The best of our journalism, handpicked each day https://click.e.economist.com/?qs=5c1c66a8e83145aca9d3bce06d932a62406e85763fb91d3c299feeb131c4fc737e3ff2270a913ea6c3aa3ad6f574601bfaf5b7f5194846854e56f84e0780c3ec https://click.e.economist.com/?qs=5c1c66a8e83145acb0e8dc41972cd74850731153728ffeda189f971ed8632dc806ec55d80349d861907433e4b2043c15ba8bce0d84d0808446a162254c3b363b https://click.e.economist.com/?qs=5c1c66a8e83145acb0e8dc41972cd74850731153728ffeda189f971ed8632dc806ec55d80349d861907433e4b2043c15ba8bce0d84d0808446a162254c3b363b Kennett Werner US news editor https://click.e.economist.com/?qs=5c1c66a8e83145ac43c76a711c1b48be79b1292e7b5168d5787f0afa784561f32e2357f375a224410a210ee3ef3f33bcc9c50e4f56ba56303867c2e0c0cc3a7d American and Russian officials met in Riyadh today to discuss ending the war in Ukraine. Donald Trump lacks a plan beyond his generally accommodating posture towards the Kremlin. Vladimir Putin, for his part, is projecting total confidence. But his cards may not be as strong as he would like his opponents to believe. Meanwhile, Americans are starting to expect higher price growth ahead, with Mr Trump’s tariffs partly to blame. That is bad news: https://click.e.economist.com/?qs=5c1c66a8e83145ac8943bf6e6631947b06c5602dc8be849f50f861f941d4dfe55f7bb363594bc4f4d80316388484f46355b5652fd625e34ceec3f4bff31fad12 inflation expectations are often self-fulfilling. https://click.e.economist.com/?qs=5c1c66a8e83145ac99ef3ce4e99ebf88bb8995b785d17b27aa7d1a3296d41b52b0e3e4ffcfa07050ca529702a4df0042c2ba9ba08cf19ccdfc870e2804eac91b https://click.e.economist.com/?qs=5c1c66a8e83145ac99ef3ce4e99ebf88bb8995b785d17b27aa7d1a3296d41b52b0e3e4ffcfa07050ca529702a4df0042c2ba9ba08cf19ccdfc870e2804eac91b Talks in the desert https://click.e.economist.com/?qs=5c1c66a8e83145ac99ef3ce4e99ebf88bb8995b785d17b27aa7d1a3296d41b52b0e3e4ffcfa07050ca529702a4df0042c2ba9ba08cf19ccdfc870e2804eac91b How Vladimir Putin plans to play Donald Trump https://click.e.economist.com/?qs=5c1c66a8e83145ac99ef3ce4e99ebf88bb8995b785d17b27aa7d1a3296d41b52b0e3e4ffcfa07050ca529702a4df0042c2ba9ba08cf19ccdfc870e2804eac91b The Russian president thinks he is a better poker player Related → https://click.e.economist.com/?qs=5c1c66a8e83145acf28f402527ddde28d78ebe18ee754bcf11d8a6a11498cae62ea8af18c11daa663f1eb1b8896943455639ada01b1e3ee65c8368d3c86d9539 The nightmare of a Trump-Putin deal leaves Europe in shock https://click.e.economist.com/?qs=5c1c66a8e83145ac3e94ec68a50ce3bc8074fb545f931a3a78e0813bbc5e124ba4f056048b7eb106243b22f7a2bb7d38fc9f4be6f6718271b9d8059edb4dd3aa https://click.e.economist.com/?qs=5c1c66a8e83145ac3e94ec68a50ce3bc8074fb545f931a3a78e0813bbc5e124ba4f056048b7eb106243b22f7a2bb7d38fc9f4be6f6718271b9d8059edb4dd3aa Cold weather, hot prices https://click.e.economist.com/?qs=5c1c66a8e83145ac3e94ec68a50ce3bc8074fb545f931a3a78e0813bbc5e124ba4f056048b7eb106243b22f7a2bb7d38fc9f4be6f6718271b9d8059edb4dd3aa American inflation looks increasingly worrying https://click.e.economist.com/?qs=5c1c66a8e83145ac3e94ec68a50ce3bc8074fb545f931a3a78e0813bbc5e124ba4f056048b7eb106243b22f7a2bb7d38fc9f4be6f6718271b9d8059edb4dd3aa Trump’s tariffs are fuelling consumer concerns, which may prove self-fulfilling Start your free trial today Get digital access to independent global analysis https://click.e.economist.com/?qs=5c1c66a8e83145ac1ac3c0f04ced3f64d83f14a63f0af61b92a8e7ae96f603d426aeb67cf45d1d753062e490cdc7c63a7ac49373a21e10862cf8116c5e4fc87f Subscribe https://click.e.economist.com/?qs=5c1c66a8e83145acd5df1ed6c3f98866faad6a1f1cbf5d27da7e0043757a8ab990c37ae2204255061ab986c91e2c99c83f6caa7ec60713f63aeff6395074e9fd https://click.e.economist.com/?qs=5c1c66a8e83145acd5df1ed6c3f98866faad6a1f1cbf5d27da7e0043757a8ab990c37ae2204255061ab986c91e2c99c83f6caa7ec60713f63aeff6395074e9fd Words before war https://click.e.economist.com/?qs=5c1c66a8e83145acd5df1ed6c3f98866faad6a1f1cbf5d27da7e0043757a8ab990c37ae2204255061ab986c91e2c99c83f6caa7ec60713f63aeff6395074e9fd Countering China’s diplomatic coup https://click.e.economist.com/?qs=5c1c66a8e83145acd5df1ed6c3f98866faad6a1f1cbf5d27da7e0043757a8ab990c37ae2204255061ab986c91e2c99c83f6caa7ec60713f63aeff6395074e9fd China has turned much of the global south against Taiwan. That could be laying the ground for forced unification Related → https://click.e.economist.com/?qs=5c1c66a8e83145ac833c6832ef61b7016d9d811390bb40fb905b8635daf83f26bd1ccc53b2301b832912b7a1fec0ed4a9b1aba09cfde19460666ed93d357e002 China’s stunning new campaign to turn the world against Taiwan https://click.e.economist.com/?qs=5c1c66a8e83145acb0f666f8866c4d8c0d9ccdfdbd73ffb60e6a61c34cc576f4c91f33d8f434cd988ca9d10ee179c2a911ddcd66f29f3c7792d6f574a22af9d1 https://click.e.economist.com/?qs=5c1c66a8e83145acb0f666f8866c4d8c0d9ccdfdbd73ffb60e6a61c34cc576f4c91f33d8f434cd988ca9d10ee179c2a911ddcd66f29f3c7792d6f574a22af9d1 Ascension, for some https://click.e.economist.com/?qs=5c1c66a8e83145acb0f666f8866c4d8c0d9ccdfdbd73ffb60e6a61c34cc576f4c91f33d8f434cd988ca9d10ee179c2a911ddcd66f29f3c7792d6f574a22af9d1 How AI will divide the best from the rest https://click.e.economist.com/?qs=5c1c66a8e83145acb0f666f8866c4d8c0d9ccdfdbd73ffb60e6a61c34cc576f4c91f33d8f434cd988ca9d10ee179c2a911ddcd66f29f3c7792d6f574a22af9d1 Optimists hope the technology will be a great equaliser. Instead, it looks likely to widen social divides https://click.e.economist.com/?qs=5c1c66a8e83145ac61976e679030d83189509d6750b767070ff383f63572b876f766b2a8c03e07a171a7230783c354e4d919b1e70456503382950ad32d3d2171 https://click.e.economist.com/?qs=5c1c66a8e83145ac61976e679030d83189509d6750b767070ff383f63572b876f766b2a8c03e07a171a7230783c354e4d919b1e70456503382950ad32d3d2171 Migration https://click.e.economist.com/?qs=5c1c66a8e83145ac61976e679030d83189509d6750b767070ff383f63572b876f766b2a8c03e07a171a7230783c354e4d919b1e70456503382950ad32d3d2171 Most Latin American migrants no longer go to the United States https://click.e.economist.com/?qs=5c1c66a8e83145ac61976e679030d83189509d6750b767070ff383f63572b876f766b2a8c03e07a171a7230783c354e4d919b1e70456503382950ad32d3d2171 Can the region cope with a new wave? https://click.e.economist.com/?qs=5c1c66a8e83145ac0596bb35513b15715a7b2a20ffc6e4e0f2e8d61f17f2772f86277b93b9a4c9c9cd883bd8c955ec605f1255b2b3af601fbfb13673656bd624 https://click.e.economist.com/?qs=5c1c66a8e83145acbe087e872319fb96f90ae89053a8bf1bfa8edc7e2a7660c5b1789afd075d3b04ba72f28fe3b48a2f522ac0d2b35a86b12f364df77b2a32c8 https://click.e.economist.com/?qs=5c1c66a8e83145acbe087e872319fb96f90ae89053a8bf1bfa8edc7e2a7660c5b1789afd075d3b04ba72f28fe3b48a2f522ac0d2b35a86b12f364df77b2a32c8 In from the cold https://click.e.economist.com/?qs=5c1c66a8e83145acbe087e872319fb96f90ae89053a8bf1bfa8edc7e2a7660c5b1789afd075d3b04ba72f28fe3b48a2f522ac0d2b35a86b12f364df77b2a32c8 Xi’s rehabilitation of Jack Ma may be the most lucrative ever https://click.e.economist.com/?qs=5c1c66a8e83145acbe087e872319fb96f90ae89053a8bf1bfa8edc7e2a7660c5b1789afd075d3b04ba72f28fe3b48a2f522ac0d2b35a86b12f364df77b2a32c8 Why China’s leader is making nice with the country’s tech billionaires https://click.e.economist.com/?qs=5c1c66a8e83145ac05b7222a72f1e684d137aea7ce826524567a8a0bbfa029860e918cab908bbc9c891837665979c2f193f1b1b8cba02aa0048cb16f6b37e945 https://click.e.economist.com/?qs=5c1c66a8e83145ac05b7222a72f1e684d137aea7ce826524567a8a0bbfa029860e918cab908bbc9c891837665979c2f193f1b1b8cba02aa0048cb16f6b37e945 Banyan https://click.e.economist.com/?qs=5c1c66a8e83145ac05b7222a72f1e684d137aea7ce826524567a8a0bbfa029860e918cab908bbc9c891837665979c2f193f1b1b8cba02aa0048cb16f6b37e945 Can Indonesia make its Top Gun dreams a reality? https://click.e.economist.com/?qs=5c1c66a8e83145ac05b7222a72f1e684d137aea7ce826524567a8a0bbfa029860e918cab908bbc9c891837665979c2f193f1b1b8cba02aa0048cb16f6b37e945 An aircraft-carrier is the last thing its navy needs https://click.e.economist.com/?qs=5c1c66a8e83145ac04af2de4269479a53d774dd1ecc010dcb898e9fe1e2d26a46f3a4b7a7cd03ff2f58dc98c33ca2300cfb36db167c4ad81d6c77ddd5163bf0d https://click.e.economist.com/?qs=5c1c66a8e83145ac04af2de4269479a53d774dd1ecc010dcb898e9fe1e2d26a46f3a4b7a7cd03ff2f58dc98c33ca2300cfb36db167c4ad81d6c77ddd5163bf0d Puffed-up politicians https://click.e.economist.com/?qs=5c1c66a8e83145ac04af2de4269479a53d774dd1ecc010dcb898e9fe1e2d26a46f3a4b7a7cd03ff2f58dc98c33ca2300cfb36db167c4ad81d6c77ddd5163bf0d Rachel Reeves is not alone in inflating her résumé https://click.e.economist.com/?qs=5c1c66a8e83145ac04af2de4269479a53d774dd1ecc010dcb898e9fe1e2d26a46f3a4b7a7cd03ff2f58dc98c33ca2300cfb36db167c4ad81d6c77ddd5163bf0d Politicians around the world have been found to exaggerate or even invent their credentials. It does not always hurt them https://click.e.economist.com/?qs=5c1c66a8e83145ac2e07e1fa6fab3e483d5ebdeac50d3429494b9f703ebab2951944c26ff9658d6c83988da70944193094b9bf8591c21b68745da28e63bedaaa https://click.e.economist.com/?qs=5c1c66a8e83145ac2e07e1fa6fab3e483d5ebdeac50d3429494b9f703ebab2951944c26ff9658d6c83988da70944193094b9bf8591c21b68745da28e63bedaaa Chapter and (re)verse https://click.e.economist.com/?qs=5c1c66a8e83145ac2e07e1fa6fab3e483d5ebdeac50d3429494b9f703ebab2951944c26ff9658d6c83988da70944193094b9bf8591c21b68745da28e63bedaaa How did the Catholic church go so wrong? https://click.e.economist.com/?qs=5c1c66a8e83145ac2e07e1fa6fab3e483d5ebdeac50d3429494b9f703ebab2951944c26ff9658d6c83988da70944193094b9bf8591c21b68745da28e63bedaaa A little-remembered gathering might have changed everything, a new book argues Podcast https://click.e.economist.com/?qs=5c1c66a8e83145ac37647745c03a9f92ca2a237c7881e6a4629ef2e65117d9628dcabb186d219582451d6b3fa39534492e47e0a503f40368d58b433cf125e8bd https://click.e.economist.com/?qs=5c1c66a8e83145ac37647745c03a9f92ca2a237c7881e6a4629ef2e65117d9628dcabb186d219582451d6b3fa39534492e47e0a503f40368d58b433cf125e8bd The Intelligence https://click.e.economist.com/?qs=5c1c66a8e83145ac37647745c03a9f92ca2a237c7881e6a4629ef2e65117d9628dcabb186d219582451d6b3fa39534492e47e0a503f40368d58b433cf125e8bd China is pushing to change diplomatic language on Taiwan https://click.e.economist.com/?qs=5c1c66a8e83145ac37647745c03a9f92ca2a237c7881e6a4629ef2e65117d9628dcabb186d219582451d6b3fa39534492e47e0a503f40368d58b433cf125e8bd Also on the daily podcast: a high-profile conviction reveals holes in Britain’s justice system and a surprising take on footballers’ pay Figure of the day 9%, the fall in Europe’s benchmark gas price after Donald Trump raised the prospect of a peace deal in Ukraine. https://click.e.economist.com/?qs=5c1c66a8e83145ac7b871ef966b3c34c658633da69628098dd13dacfd7bf5dd5e6e9c4a764b82019c641e0996d1650e2e10826d8308c502981f4592129113f25 Read the full story. Most read by subscribers → https://click.e.economist.com/?qs=5c1c66a8e83145acf00733f79a971a6419971c020e92df1d1369890b008106d1f8b4a2f1c412c7ac8f1a5e363a4c9396c398d9fc69970f82d0b5ca4e0abfefa5 Donald Trump’s assault on Europe → https://click.e.economist.com/?qs=5c1c66a8e83145ac7f69099e7870147bf37033afe50dc754a9691d30254792a33af4ddd2c67c3c7e687f09a66ecc429ac1b2223e0538e59e34acc127a93a22cf Why you should repay your mortgage early → https://click.e.economist.com/?qs=5c1c66a8e83145ac4284887534b804023c27ad8d676b203dbf7ae82520ff9c6b511d0624e8ee16d8419bea41979d0be32e4a20888362ca2db5c63f316a4893f1 What can the world’s most walkable cities teach other places? → https://click.e.economist.com/?qs=5c1c66a8e83145acf28f402527ddde28d78ebe18ee754bcf11d8a6a11498cae62ea8af18c11daa663f1eb1b8896943455639ada01b1e3ee65c8368d3c86d9539 The nightmare of a Trump-Putin deal leaves Europe in shock Also from The Economist https://click.e.economist.com/?qs=5c1c66a8e83145aca8467faa325708263df9c0a0b0842da041ea445adff16372b8ef750b48eb5acaf05c980923cf69fb1482d5eb525b061bca0280501d03968b https://click.e.economist.com/?qs=5c1c66a8e83145ac6f4ef738c8617a8251b1a089373b729fafc1ede51b906b92045470f4ce66e5cd9f7a8560854c6783cf7561e7c073eaa141ece674d715d3d2 https://click.e.economist.com/?qs=5c1c66a8e83145aca8467faa325708263df9c0a0b0842da041ea445adff16372b8ef750b48eb5acaf05c980923cf69fb1482d5eb525b061bca0280501d03968b Subscriber event https://click.e.economist.com/?qs=5c1c66a8e83145aca8467faa325708263df9c0a0b0842da041ea445adff16372b8ef750b48eb5acaf05c980923cf69fb1482d5eb525b061bca0280501d03968b Ukraine and Russia: what next https://click.e.economist.com/?qs=5c1c66a8e83145aca8467faa325708263df9c0a0b0842da041ea445adff16372b8ef750b48eb5acaf05c980923cf69fb1482d5eb525b061bca0280501d03968b What do Trump’s talks with Putin mean for Ukraine? 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padding:0 16px 0 0;" valign="middle" width="67"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac126686c3d5203d3e1765ca763f6605038416866b53d569f59d986c3e9cc474e71ffa1c82f6e84e16953bd0885c5135116acddc07f48db696" title=""><img alt="" data-assetid="299092" src="https://image.e.economist.com/lib/fe8d13727c650c7976/m/8/27e71cfc-9b5b-43eb-ac69-73f192c22a4b.jpeg" style="border-radius: 50%; display: block; padding: 0px; height: auto; width: 100%; text-align: center; border: 0px none transparent;" width="67"></a></td><td class="serifLF" style="vertical-align:middle; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="middle"> <p style="margin:0;"> <b><a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac6de673e329ab7f5a3b32b1015c42de6f529262d363a4eb03bb0557aa525f4e3e1a858cc7ac0a558f365035402d799f129d69e56008554cfe" style="color:#000000;text-decoration:none;" title="Josh Roberts">Kennett Werner</a></b><br> US news editor</p></td></tr></table></td></tr></table><!-- //BYLINE --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px; " class="stylingblock-content-wrapper camarker-inner"><!-- FULL-WIDTH CONTENT --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 0px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 1px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> </td><td class="article-text" style="padding: 0px 0px 1px; font-family: EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size: 18px; line-height: 25px; text-align: left;" valign="top"> <p> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac37185a61bef38686f117f96388a31dfdccff70d23e9ae4ba7a9fff863cdaaee649e6c555a1a5a4538461c409588b9a22ccd43e0a47927adc" style="text-decoration:none;" title="American and Russian officials">American and Russian officials</a> met in Riyadh today to discuss ending the war in Ukraine. Donald Trump lacks a plan beyond his generally accommodating posture towards the Kremlin. Vladimir Putin, for his part, is projecting total confidence. But his cards may not be as strong as he would like his opponents to believe.<br> <br> Meanwhile, Americans are starting to expect higher price growth ahead, with Mr Trump’s tariffs partly to blame. That is bad news: <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac042dcdfe74b1db73793f70817c0997c07088c7d3c4d3bd5a3484162cbea14baedda652b1dc59c5608e8da3b63defa4bd2f455a3a326018fd" style="text-decoration:none;" title="inflation expectations">inflation expectations</a> are often self-fulfilling.</p></td></tr></table></td></tr></table><!-- //FULL-WIDTH CONTENT --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLES (3) --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 8px 16px 8px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="pb8" style="padding:0 0 16px 0; font-size:0; text-align:center;" valign="top"> <!--[if mso]> <table width="584" align="center" cellspacing="0" cellpadding="0" border="0" role="presentation" style="width:584px;"> <tr> <td width="292" align="left" valign="top" style="width:292px;"> <![endif]--><div class="fluid" style="display:inline-block; 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" class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acb449968ce76e103e45e1b20c249e299e1d018ccf1a7f7bb6bdf369a66de03c7946e3db68ec96e764bb113024f0f09b5ad96d1e2105b6c105" target="_blank"><img alt="Russian President Vladimir Putin" src="https://www.economist.com/content-assets/images/20250222_EUP506.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acb449968ce76e103e45e1b20c249e299e1d018ccf1a7f7bb6bdf369a66de03c7946e3db68ec96e764bb113024f0f09b5ad96d1e2105b6c105" style="color:#e3120b;text-decoration:none;" target="_blank">Talks in the desert</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acb449968ce76e103e45e1b20c249e299e1d018ccf1a7f7bb6bdf369a66de03c7946e3db68ec96e764bb113024f0f09b5ad96d1e2105b6c105" style="color:#121212;text-decoration:none;" target="_blank">How Vladimir Putin plans to play Donald Trump</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acb449968ce76e103e45e1b20c249e299e1d018ccf1a7f7bb6bdf369a66de03c7946e3db68ec96e764bb113024f0f09b5ad96d1e2105b6c105" style="color:#000000;text-decoration:none;">The Russian president thinks he is a better poker player </a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- RELATED ARTICLE HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Related </b></h2></td></tr></table></td></tr></table><!-- //RELATED ARTICLE HEADING --><!-- RELATED ARTICLES --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="pb56" style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="serifLF" style="padding:0 0 10px 0; font-weight:500; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #121212;;" valign="top"> <p style="margin:0;"> → <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acde721e13f4e006ec5452045eca70790cba084adb96860a33f1ad6ccc2fd8f4d6310a637619ec7322314dac19a9406022a7de2750ce29fb71" style="color:#000000;text-decoration:none;" title="">The nightmare of a Trump-Putin deal leaves Europe in shock</a></p></td></tr></table></td></tr></table><!-- //RELATED ARTICLES --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac77aeda3391644daef30607f013edf8c02ba17d67d8e2756499ccaa0e5bbcdd2b8d81b88173f60888f6cf4a83bda2c4a960642591a28a690a" target="_blank"><img alt="A customer shopping in a supermarket in Austin, Texas" src="https://www.economist.com/content-assets/images/20250222_FNP501.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac77aeda3391644daef30607f013edf8c02ba17d67d8e2756499ccaa0e5bbcdd2b8d81b88173f60888f6cf4a83bda2c4a960642591a28a690a" style="color:#e3120b;text-decoration:none;" target="_blank">Cold weather, hot prices</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac77aeda3391644daef30607f013edf8c02ba17d67d8e2756499ccaa0e5bbcdd2b8d81b88173f60888f6cf4a83bda2c4a960642591a28a690a" style="color:#121212;text-decoration:none;" target="_blank">American inflation looks increasingly worrying</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac77aeda3391644daef30607f013edf8c02ba17d67d8e2756499ccaa0e5bbcdd2b8d81b88173f60888f6cf4a83bda2c4a960642591a28a690a" style="color:#000000;text-decoration:none;">Trump’s tariffs are fuelling consumer concerns, which may prove self-fulfilling</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; 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line-height:1px;"> </td></tr></table> <!-- //MAIN TITLE --></td></tr></table> </td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ace19f48d4daac0620a715dc71a624fcf6b157b70a7c8f210a6d2f240e93b7411e0dc55daf9c192c0a7b9fad42397274bfdb5a327e52a37a7d" target="_blank"><img alt="A Chinese naval ship during naval exercises" src="https://www.economist.com/content-assets/images/20250215_LDP502.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ace19f48d4daac0620a715dc71a624fcf6b157b70a7c8f210a6d2f240e93b7411e0dc55daf9c192c0a7b9fad42397274bfdb5a327e52a37a7d" style="color:#e3120b;text-decoration:none;" target="_blank">Words before war</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ace19f48d4daac0620a715dc71a624fcf6b157b70a7c8f210a6d2f240e93b7411e0dc55daf9c192c0a7b9fad42397274bfdb5a327e52a37a7d" style="color:#121212;text-decoration:none;" target="_blank">Countering China’s diplomatic coup</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ace19f48d4daac0620a715dc71a624fcf6b157b70a7c8f210a6d2f240e93b7411e0dc55daf9c192c0a7b9fad42397274bfdb5a327e52a37a7d" style="color:#000000;text-decoration:none;">China has turned much of the global south against Taiwan. That could be laying the ground for forced unification</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- RELATED ARTICLE HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Related </b></h2></td></tr></table></td></tr></table><!-- //RELATED ARTICLE HEADING --><!-- RELATED ARTICLES --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td class="pb56" style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td class="serifLF" style="padding:0 0 10px 0; font-weight:500; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #121212;;" valign="top"> <p style="margin:0;"> → <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac80fbbf6ff4e16bb367bb3682bbc6b85da2943a29afaf0cbb40b72d47d04bbd97ab5f5dae44dfce6b3aaad1d4fa7a6d30dddf4f5ef7ac0112" style="color:#000000;text-decoration:none;" title="">China’s stunning new campaign to turn the world against Taiwan</a></p></td></tr></table></td></tr></table><!-- //RELATED ARTICLES --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac246dbea166985acdd71242170808ed75e863c0ea810363c1ba74886745f5046905b572e88dca4f0d48578914109cd738a58549d332a60474" target="_blank"><img alt="A man in a suit going up an escalator made of glowing mesh material. 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font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acef1da38ca2f771bd57a54c334956e5c3cc14da8f9ccfafd024a60e5b068ee1b7c0ba9f3c575a79ec9e64d068e6f005c9784e543505ae0048" style="color:#000000;text-decoration:none;">Why China’s leader is making nice with the country’s tech billionaires</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7f2d24a2b968318ae074f774eacffcae8f877ab5763c2be4728d1c1396b5d8a4d8f3bc1a1f0b7c5f4ac9993f65495ad9f6089415ab8dc27c" target="_blank"><img alt="Illustration of an aircraft carrier in a shopping cart" src="https://www.economist.com/content-assets/images/20250215_ASD001.jpg" style="display: block; 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font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7f2d24a2b968318ae074f774eacffcae8f877ab5763c2be4728d1c1396b5d8a4d8f3bc1a1f0b7c5f4ac9993f65495ad9f6089415ab8dc27c" style="color:#000000;text-decoration:none;">An aircraft-carrier is the last thing its navy needs</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7901e2352e8e58002506648846b42ec1e26730c42639394ba48af7aff5f6c98233904f8007de6bd34668729d32a7640dbf359e03e53bb979" target="_blank"><img alt="Britain's Chancellor of the Exchequer Rachel Reeves" src="https://www.economist.com/content-assets/images/20250215_BRP503.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7901e2352e8e58002506648846b42ec1e26730c42639394ba48af7aff5f6c98233904f8007de6bd34668729d32a7640dbf359e03e53bb979" style="color:#e3120b;text-decoration:none;" target="_blank">Puffed-up politicians</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7901e2352e8e58002506648846b42ec1e26730c42639394ba48af7aff5f6c98233904f8007de6bd34668729d32a7640dbf359e03e53bb979" style="color:#121212;text-decoration:none;" target="_blank">Rachel Reeves is not alone in inflating her résumé</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac7901e2352e8e58002506648846b42ec1e26730c42639394ba48af7aff5f6c98233904f8007de6bd34668729d32a7640dbf359e03e53bb979" style="color:#000000;text-decoration:none;">Politicians around the world have been found to exaggerate or even invent their credentials. It does not always hurt them</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acfe588c350ee0850d28c2948df752dacd56c8fbe4865ffcacdd5a9147bd72ce0c512cc8110798d45ae4d45c656252350f74c5874fc2971566" target="_blank"><img alt="Black and white photograph and overhead view of seated cardinals and bishops during the closing ceremony of the Synod of Bishops at St Peter's Basilica, Vatican City, Italy in 1985." src="https://www.economist.com/content-assets/images/20250215_CUP002.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acfe588c350ee0850d28c2948df752dacd56c8fbe4865ffcacdd5a9147bd72ce0c512cc8110798d45ae4d45c656252350f74c5874fc2971566" style="color:#e3120b;text-decoration:none;" target="_blank">Chapter and (re)verse</a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acfe588c350ee0850d28c2948df752dacd56c8fbe4865ffcacdd5a9147bd72ce0c512cc8110798d45ae4d45c656252350f74c5874fc2971566" style="color:#121212;text-decoration:none;" target="_blank">How did the Catholic church go so wrong?</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acfe588c350ee0850d28c2948df752dacd56c8fbe4865ffcacdd5a9147bd72ce0c512cc8110798d45ae4d45c656252350f74c5874fc2971566" style="color:#000000;text-decoration:none;">A little-remembered gathering might have changed everything, a new book argues</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 40px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- SECTION HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0; border-top:1px solid #121212;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Podcast</b></h2></td></tr></table></td></tr></table><!-- //SECTION HEADING --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- ARTICLE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 12px 0;" valign="top"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acbc7c3de438d62eef0dbda6a73425ad2e1dcc4ac752d21de83cf92c20a29fd9f788a6511e2a2554e7d8ffdb57875c926b798028843722b017" target="_blank"><img alt="" src="https://www.economist.com/content-assets/images/20250222_PDP504.jpg" style="display: block; width: 100%; max-width: 568px; height: auto; border: none; padding: 0px; text-align: center;" width="568"></a></td></tr><tr> <td class="econsans" style="padding:0 0 4px 0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:14px; color:#e3120b; line-height:20px; text-align:left;" valign="top"> <p style="margin:0; "> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acbc7c3de438d62eef0dbda6a73425ad2e1dcc4ac752d21de83cf92c20a29fd9f788a6511e2a2554e7d8ffdb57875c926b798028843722b017" style="color:#e3120b;text-decoration:none;" target="_blank">The Intelligence </a></p></td></tr><tr> <td class="h2 serifLF" style="padding:0 0 8px 0; font-family:EconomistSerifLF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:23px; font-weight:bold; color:#121212; line-height:28px; text-align:left;" valign="top"> <p style="margin:0;"> <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145acbc7c3de438d62eef0dbda6a73425ad2e1dcc4ac752d21de83cf92c20a29fd9f788a6511e2a2554e7d8ffdb57875c926b798028843722b017" style="color:#121212;text-decoration:none;" target="_blank">China is pushing to change diplomatic language on Taiwan</a></p></td></tr><tr> <td class="pb32" style="padding:0 0 32px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left; border-bottom:1px solid #d7d7d7;" valign="top"> <p style="margin:0;"> <a data-linkto="other" href="https://click.e.economist.com/?qs=5c1c66a8e83145acbc7c3de438d62eef0dbda6a73425ad2e1dcc4ac752d21de83cf92c20a29fd9f788a6511e2a2554e7d8ffdb57875c926b798028843722b017" style="color:#000000;text-decoration:none;">Also on the daily podcast: a high-profile conviction reveals holes in Britain’s justice system and a surprising take on footballers’ pay</a></p></td></tr></table></td></tr></table><!-- //ARTICLE --></td></tr></table> <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 56px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- SECTION HEADING --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0; border-top:1px solid #121212;" valign="top"> <h2 class="econsans" style="margin:0; font-family:EconomistSansLF,Roboto Condensed, Seravek, Arial Nova, Nimbus Sans, Arial, sans-serif; font-size:18px; font-weight:bold; color:#121212; line-height:25px; text-align:left; mso-line-height-rule:exactly;"> <b>Figure of the day</b></h2></td></tr></table></td></tr></table><!-- //SECTION HEADING --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px; " class="stylingblock-content-wrapper camarker-inner"><!-- FULL-WIDTH CONTENT --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 0px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:0 0 1px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> </td><td class="article-text" style="padding:0 0 1px 0; font-family:EconomistSerifOsF, Georgia, TimesNewRoman, Times New Roman, Times, serif; font-size:18px; color:#121212; line-height:25px; text-align:left;" valign="top"> <b>9%</b>, the fall in Europe’s benchmark gas price after Donald Trump raised the prospect of a peace deal in Ukraine. <a data-linkto="https://" href="https://click.e.economist.com/?qs=5c1c66a8e83145ac504e9e8e90e339f65d88944a039668f52eb7fbd2ad05a0e317715aad59ec8e285eff891178942d49e96d9a393e0c4249f22960326f799be7" style="text-decoration:none;" title="Read the full story.">Read the full story.</a> </td></tr></table></td></tr></table><!-- //FULL-WIDTH CONTENT --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><!-- BLANK SPACE --><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 16px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> </tr></table></td></tr></table><!-- //BLANK SPACE --></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 40px 0px 0px; " class="stylingblock-content-wrapper camarker-inner"><!-- SECTION HEADING --><table align="center" bgcolor="#F5F4EF" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%"> <tr> <td style="padding:0 16px 8px 16px;" valign="top"> <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%"> <tr> <td style="padding:4px 0 0 0; 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