The Intelligence from The Economist

From Argentinian beef to German cars, a freshly inked deal between the EU and a bloc of South American countries should ease trade barriers—and is a sign of global trade’s topsy-turvy time. Foreigner-bashing is politically fashionable in Japan, but focuses on the wrong problems. And a look at Parkrun, a free weekly event that has unwittingly made many Britons healthier.

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Each country fears an attack from the other: Iran may wish to distract from internal conflict, Israel to exploit it. In an interview with Prime Minister Binyamin Netanyahu we explore perspectives on the war-gaming. As the first cohort of graduates weaned on generative AI enters the workforce, we examine a changing career ladder. And why European pension systems badly need reform.

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Demonstrations are growing once again—but this time the message is notably different, and the regime has little means available to calm tensions. Where will it end? Our World Ahead series lays out what to expect this year in China’s dealings with Taiwan, Japan and beyond. And a tribute to Nino Loureiro, a pioneering fusion physicist slain by a former classmate.  

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It had real dramatic elements: a (slow) chase scene, faked locations, a literal false flag, a daring helicopter descent. But what is the broader picture of America’s bid to disrupt the Venezuelan-oil network? And how will the expanding oil saga affect an already weakened regime in Cuba? Also, we ask whether Hispanic football fans might avoid the World Cup in America.

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We return to the Los Angeles suburbs that were consumed by wildfires a year ago. The varying rebuilding efforts reveal divides in wealth, but also strains in California’s insurance industry. Never mind the AI job apocalypse, if it comes: the technology will create plenty of new roles, too. And why “peak wine” may be a good thing for sippers of the fine kind.

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The countries have a decades-long relationship—debt freely given in one direction and plenty of oil sold in the other. Yet America’s intervention has served as a reality check on China’s power in Venezuela and elsewhere. Our World Ahead series examines the risks to the American dollar as global reserve currency. And pricey handbags ain’t built like they used to be.

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America’s National Security Strategy, released a month ago, suggested the administration’s focus was on dominance of the western hemisphere. But no one expected its first move would be a special-forces raid to depose President Nicolás Maduro. What is next comes with grave risks. And the video-games business wants to escape its rut by finding whole new markets—geographically and demographically.

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Property wealth in China turbo-charged investment in art. Now house prices have crashed, art sales may follow. Are Britons really leaving the country in droves? And our obituaries editor on the death of the American cent coin.

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The editor of our annual “World Ahead” publication predicts the themes and events that will dominate the headlines in 2026, from geopolitics to tech. He also admits what we got wrong last year. And The Economist launched its first podcast 20 years ago. We chart the evolution of audio, from a basement broom cupboard to today’s bountiful offerings.

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Today’s show is a tribute to those whose lives we remembered this year. From Pope Francis, the most open-minded pontiff for decades, and controversial vice-president Dick Cheney, to champ of the chimpanzees Jane Goodall, bubblegum pop star Brian Wilson and Alice Tan Ridley, a New York subway busker who became a superstar.  

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