March 28, 2023: As protests against the judicial reforms of Israel’s prime minister, Benjamin Netanyahu, continue, we give you the latest.
Also in the programme: notorious Russian paramilitary organisation the Wagner Group increases its activities in Africa, while Hungary decides on Finland’s Nato bid. Plus: why Greenland has decided to stick to daylight saving time.
March 24, 2023: Benjamin Netanyahu’s UK visit. Plus: Emmanuel Macron digs in his heels as pension-reform rallies erupt across France, Honduras switches ties from Taiwan to China and the latest business news.
March 20, 2023: A selection of three essential articles read aloud from the latest issue of The Economist. This week, what’s wrong with the banks? Also, we ask whether Bibi will break Israel (10:39) and why men should get a good night’s sleep to ensure vaccines work properly (19:03).
Rising interest rates have left banks exposed. Time to fix the system—again
Only ten days ago you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear that they still have the power to cause a heart-stopping scare. A ferocious run at Silicon Valley Bank on March 9th saw $42bn in deposits flee in a day. svb was just one of three American lenders to collapse in the space of a week. Regulators worked frantically over the weekend to devise a rescue. Even so, customers are asking once again if their money is safe.
When Israel’s best and brightest are up in arms it is time to worry
This should have been Israel’s moment. As it approaches its 75th birthday in April the risk of a conventional war with neighbouring Arab states, for decades an existential danger, is at its lowest since 1948. The last Palestinian intifada, or uprising against occupation, ended 18 years ago. Israel’s tech-powered economy is more successful and globally relevant than ever. Last year gdp per person hit $55,000, making it richer than the eu.
Vaccines get all the glory, but it is really the immune system that does the heavy lifting. Indeed, those with weak immune systems often benefit little from vaccines. Aware of this, researchers have long thought that people deprived of sleep also ought to benefit less from vaccines, as sleeping less is thought to reduce immune function. A new analysis reveals that this is clearly the case—though only in men.
Rising interest rates have left banks exposed. Time to fix the system—again
Only ten days ago you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear that they still have the power to cause a heart-stopping scare. A ferocious run at Silicon Valley Bank on March 9th saw $42bn in deposits flee in a day. svb was just one of three American lenders to collapse in the space of a week.
Benjamin Netanyahu is nothing if not a fighter.Having been ousted as Israel’s prime minister a year ago by an alliance of political foes and now embroiled in a corruption trial (he denies all charges), one might have thought the 73-year-old’s career was up.
The Cop27 climate talks got under way in Egypt, as debate raged over the agenda as well as a furore over hosting the event in a country where political and human rights are a live issue. Environment editor Fiona Harvey explains what the talks – which run until 18 November – can hope to achieve, amid a slew of alarming reports about the rate of global heating.
This week’s magazine went to press too soon to feature news of the US midterm elections – there’ll be plenty on that in the next edition. In the meantime, Leyland Cecco reports from Canada, where there are claims China is operating a chain of clandestine police stations to keep tabs on its diaspora.
1. Following the G7 summit in England, Joe Biden attends a NATO summit in Brussels. The U.S. president will rally Western allies to support a U.S. strategy to contain China’s military rise as well as showing unity in the face of Russian aggression.
2. One of 14 people hurt in a mass shooting in Austin, Texas, died according to media reports. Two men opened fire at each other in a busy entertainment district. Police arrested one suspect and are searching for another.
3. Benjamin Netanyahu’s record run in office ended on Sunday with Israel’s parliament approving, by a razor-thin majority of 60-59, a new administration led by Naftali Bennett, a nationalist whose views mirror Netanyahu’s on many issues. In Tel Aviv, thousands turned out to welcome the result, after four inconclusive elections in two years.
4. The United States is looking into reports of a leak at a Chinese nuclear power plant, after warnings of an “imminent radiological threat” by a French company that helps operate it, CNN reported on Monday.
5. Bitcoin climbed just shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.
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