Leaders

Ukraine and Russia
Will Vladimir Putin really agree to stop his killing machine?
The offer of a ceasefire creates a dilemma for the Kremlin

Greenback feedback
Trump’s erratic policy is harming the reputation of American assets
Like the stockmarket, the dollar is also suffering from falling confidence and rising confusion

Helping Syrians
Lifting sanctions on Syria seems mad, until you consider the alternative
Without a reprieve, the country will become a failed state

Winston Starmer
Britain’s leader has found purpose abroad. He needs it at home too
But do the clothes fit?

The death of giving
The demise of foreign aid offers an opportunity
Donors should focus on what works. Much aid currently does not

MAGAlomania
Donald Trump’s economic delusions are already hurting America
The president and reality are drifting apart

Well done, Mr Merz
A fantastic start for Friedrich Merz
The incoming chancellor signals massive increases in defence and infrastructure spending

America and Ukraine
The lesson from Trump’s Ukrainian weapons freeze
And the grim choice facing Volodymyr Zelensky

Ukraine after the Oval Office
Western leaders must seize the moment to make Europe safe
As they meet in London, Vladimir Putin will sense weakness

The man who would be Musk
Prabowo Subianto takes a chainsaw to Indonesia’s budget
The result? More money for the president’s boondoggles

The return of inheritocracy
Inheriting is becoming nearly as important as working
More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society

The end of the post-1945 order
Donald Trump has begun a mafia-like struggle for global power
But the new rules do not suit America