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The Economist
 
 
  
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March 12th 2025

The Economist today

The best of our journalism, handpicked each day

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Bo Franklin

Senior digital editor

Elon Musk&rsquo;s proximity to the president is 
 
 
https://click.e.economist.com/?qs=0bbd39416a778cb266c997205d09891b2438e1009eb211096c3385b7cd188888b99230b6a6fc515a09b4be137dd01eaf7511ab4bbcb1f0634ed084730123c497 
hurting Tesla .
 
 How badly? The carmaker&rsquo;s sales are falling, but a backlash against Mr Musk only partially explains the drop.

And Vladimir Putin has a 
 
https://click.e.economist.com/?qs=0bbd39416a778cb282a55bf35d6feddc476c008aaad92db460d01a1996a23b9aa992c5bed131a92b3b85a6724d3f33944ffe85a74d6660be0dcd1d7410b82c75 
fateful decision 
 to make. He knows that a ceasefire does not favour Russia, not least because he has not yet got what he wanted in Ukraine. The question is how much Donald Trump is prepared to press him to stop the fighting.

https://click.e.economist.com/?qs=0bbd39416a778cb268dce3442c3148c05bfd6b1a1ec26448214d83031cc38a9366389636bc21842d4c2df7f2e0825aaadff7f1cbe53657f7c6a8bdab4b5c0d03

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In reverse

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Elon Musk’s antics are not the only problem for Tesla

https://click.e.economist.com/?qs=0bbd39416a778cb268dce3442c3148c05bfd6b1a1ec26448214d83031cc38a9366389636bc21842d4c2df7f2e0825aaadff7f1cbe53657f7c6a8bdab4b5c0d03 
The carmaker’s sales are sinking for other reasons too

&rarr; 
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What Elon Musk should learn from Larry Ellison

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Ukraine and Russia

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Will Vladimir Putin really agree to stop his killing machine?

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The offer of a ceasefire creates a dilemma for the Kremlin

&rarr; 
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Is Zelensky a disliked dictator or a popular hero?

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Greenback feedback

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Trump’s erratic policy is harming the reputation of American assets

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Like the stockmarket, the dollar is also suffering from falling confidence and rising confusion

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Will America&rsquo;s stockmarket convulsions spread?

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Buttonwood

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Why silver is the new gold

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Safe-haven demand and solar panels have sent its price soaring

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A strongman in the dock

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The global importance of Rodrigo Duterte’s arrest

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Demon child on the silver screen

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A new film is breaking box-office records in China

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Punch-up in a phone box

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Discord erupts in Nigel Farage’s Reform UK

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Africa after aid

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Why some Africans see opportunity in foreign-aid cuts

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They want to be more self-reliant. But that will not be easy

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Be careful what you wish for

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The best- or worst-timed book in history

Podcast

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Drum Tower

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Our weekly podcast on China. This week, we examine the Communist Party’s efforts to tackle the multi-billion dollar industry of online scams

Figure of the day

1trn yuan ($140bn), the size of the venture-capital fund that China&rsquo;s government wants to set up for tech-focused investment. 
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Read the full story.

Most read by subscribers

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How Trump provoked a stockmarket sell-off

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Why New Zealanders are emigrating in record numbers

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Donald Trump&rsquo;s economic delusions are already hurting America

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How do Ukrainian soldier fatalities compare with Russia&rsquo;s?

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Will China’s crackdown on scammers work?

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Igniting a new era of power

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What is the future of fusion energy? Join Fusion Fest on April 8th in London to discover how it may one day be possible to harness its power.

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<div class="preheader" style="font-size: 1px; display: none !important;">Also: Putin’s fateful decision on his killing machine</div>
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									<b>Bo Franklin</b><br>
									Senior digital editor</p></td></tr></table></td></tr></table></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"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
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        <p>
         Elon Musk&rsquo;s proximity to the president is 
          
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=0bbd39416a778cb275f95dc67f64c3e276cdbd0fdc3d8fab3ce335f5c8fceb768fc01d71a4906779bfb8c651771a7df639023ad30aa1d4020c45b01c5bc6f915" style="text-decoration:none;" title="hurting Tesla">hurting Tesla</a>.
          
          How badly? The carmaker&rsquo;s sales are falling, but a backlash against Mr Musk only partially explains the drop.&nbsp;<br>
         <br>
         And Vladimir Putin has a 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=0bbd39416a778cb2d9e3050ea66b99f2bb6ff0524f1b929e148f132c57d0f893b84b99ec4380ad8e68687ffeee344844c0fe60e096089e0d4bcb3a4931b88146" style="text-decoration:none;" title="fateful decision">fateful decision</a>
          to make. He knows that a ceasefire does not favour Russia, not least because he has not yet got what he wanted in Ukraine. The question is how much Donald Trump is prepared to press him to stop the fighting.&nbsp; &nbsp;</p></td></tr></table></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"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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								<b>1trn yuan ($140bn)</b>, the size of the venture-capital fund that China&rsquo;s government wants to set up for tech-focused investment.&nbsp;<a   data-linkto="https://" href="https://click.e.economist.com/?qs=0bbd39416a778cb22cdef5ff4a2d344f95069925d9fd46ba05d0407bf80447d17473dd1a15f400bf66b4b9e391c177e76366b9b08cda18897a8ff3041f7024b2" style="text-decoration:none;" title="Read the full story.">Read the full story.</a>&nbsp;</td></tr></table></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"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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