Finance & economics
A sequence of zeroes
What happened to the artificial-intelligence revolution?
So far the technology has had almost no economic impact
Keeping the lights on
Ukraine has a month to avoid default
Lending to a borrower at war entails an additional gamble: that it will win
Free exchange
The economics of the tennis v pickleball contest
Don’t hate the new players—or the new game
The Tijuana two-step
How Chinese goods dodge American tariffs
Policymakers are unsure what to do about a tricky loophole
Biggie deal
McDonald’s v Burger King: what a price war means for inflation
American consumers will be licking their lips. So will Federal Reserve officials
Industries of the future
Will services make the world rich?
American fried chicken can now be served from the Philippines
Free exchange
Is America approaching peak tip?
The country’s gratuity madness may soon calm, so long as Donald Trump does not get his way
Sweet gains, bro
America’s rich never sell their assets. How should they be taxed?
It is tempting to tax them during their lives. It is wiser to do so after their deaths
Leviathan bound
Indian state capitalism looks to be in trouble
A weakened Narendra Modi is bad news for investors in government-controlled firms
Gridlock
Europe faces an unusual problem: ultra-cheap energy
The continent is failing to adapt to a renewables boom