The Economist June 6th 2026

Год выпуска: июнь 2026

Автор: The Economist Newspaper and The Economist Group

Жанр: Экономика/Политика

Издательство: «The Economist Newspaper Ltd»

Формат: PDF (журнал на английском языке)

Качество: OCR

Количество страниц: 92

THE RISE OF GEN-Z SOCIALISM

• The next generation of illiberal leftism is gaining ground. Time to fight back: leader, page 7.
• From Zohran Mamdani to Zack Polanski, leftists embrace a new economics, page 61.
• Some billionaires pay too little tax. But the case for broad wealth taxes is unconvincing: Free Exchange, page 67.
• The war in Gaza has turned a cohort of voters leftward, page 50.

US Treasuries: a $32trn time-bomb

• How to fix the decaying market for American government debt: leader, page 10.
• Inflation, unpredictable policymaking and a mounting national debt are imperilling the world’s most important asset, argues Mike Bird. See our Special report, after page 38.

India’s baby bust

• What a sharp slowdown in Indian births means for the giant country—and for the rest of the world: leader, page 8.
• India’s population will soon be falling—probably quite fast: briefing, page 16.

Should you use a sleep tracker?

• They are pretty accurate. But they could keep you up at night: Well Informed, page 71.

Alexander the Greatly entertaining

• A new book about the military leader wages war on boring histories, page 72.

The world this week Politics

• Israel and Lebanon agreed to renew a truce negotiated by America between Israel and Hizbullah, the Iran-backed militia. Israeli troops made their deepest advance into Lebanon in a quarter of a century, capturing Beaufort Castle, a crusader fortress last held in 2000. It also struck Beirut, the capital, for the first time in three weeks. But in an apparently obscenity-laced phone call, Donald Trump ordered Binyamin Netanyahu to hold further fire. The deal, similar to one agreed in May, is contingent on Hizbullah also ceasing attacks on Israel. Iran’s foreign ministry warned of a “full-scale resumption” of its war if Israel attacked Beirut.
• There was little diplomatic progress in negotiations between America and Iran. Mutual strikes escalated. An Iranian drone strike on Kuwait’s international airport killed one person and injured more than 60. America intercepted other missiles fired at Kuwait as well as Bahrain, which Iran had not targeted in weeks. Iran said the strikes were retaliation for American attacks on Qeshm Island in the Strait of Hormuz and an oil tanker. Mr Trump said that peace talks were continuing but were “getting very boring”.
• Ethiopians went to the polls in an election marred by the exclusion of a major opposition party, repression of the media and anti-government violence in parts of the country. Official results are not expected for several days, but the ruling Prosperity Party of Abiy Ahmed, the prime minister, is expected to win comfortably.
• Zimbabwe’s government took a step towards a controversial constitutional amendment that would extend the president’s term by two years and replace presidential elections with selection by lawmakers. The bill, introduced in parliament by the justice minister, still faces several legal challenges in the constitutional court.
• Kenya’s High Court blocked the opening of an Ebola quarantine centre for Americans for another three weeks. The facility, which was approved by the Kenyan government, sparked protests in which two people have died. The Trump administration has said it would prevent people infected with the virus from returning.

Islands in the stream

• Pete Hegseth extolled America’s relations with China as the best they’ve been in “many years” at the Shangri-La Dialogue. Speaking to other defence ministers in Singapore, he counselled regional allies to spend more on arms. He did not mention Taiwan.
• Indonesia’s president, Prabowo Subianto, fired the head of his free-school-meals programme. The government’s flagship scheme to feed 80m children is believed to have caused tens of thousands of children to fall ill. The offices of the agency running it were closed in an anti-graft raid.
• Births in Japan hit a tenth consecutive low of 671,000 in 2025. The health ministry also said that women were expected to have 1.14 children on average in their lifetimes. Early census data showed that Japan’s population shrank by 3m, the most ever, between 2020 and 2025.
• Protests erupted in Britain over the police’s treatment of Henry Nowak. The 18-year-old died in handcuffs from a knife wound inflicted by a Sikh man, as police responded to a false report of a racist attack. Nigel Farage, Reform UK’s leader, lambasted the police for “anti-white prejudice”.
• The home secretary, Shabana Mahmood, accused protesters of “hijacking” the murder to “stir up violence and disorder”.
• The populist-right’s Abelardo de la Espriella won the first round of Colombia’s presidential election. Mr Trump’s ally unexpectedly inched ahead of Iván Cepeda, a senator backed by Gustavo Petro, the incumbent, by 43.7% to 40.9% of the vote. With neither candidate winning outright, a run-off is set for June 21st.
• Ukraine and Russia bombarded each other. Russia, which is struggling to advance on the front lines, launched one of its largest assaults in months on Ukrainian cities. Ukraine fired drones at the Leningrad region, hitting an oil refinery, as the St Petersburg economic forum got under way. Volodymyr Zelensky, Ukraine’s president, called the attacks “long-range sanctions” on Russia.
• Denmark’s Mette Frederiksen finally formed a new government. Her centre-left Social Democratic Party will rule with three smaller coalition partners after it lost seats in an election in March. She vowed to resist Mr Trump’s repeated threats to annex Greenland.
• More than 200 people were injured and one died in street fights in Paris following Paris Saint-Germain’s victory in the Champions League. The French club defeated Arsenal in a penalty shoot-out to claim its second consecutive title. Celebrations after PSG’s victory in the 2025 tournament had also turned violent.
• America’s Justice Department ditched its $1.8bn fund for alleged victims of the government’s “weaponising” of the law after the proposal drew criticism from both Republicans and Democrats and was temporarily blocked by a court. Todd Blanche, the acting attorney-general, said that a provision that gives Mr Trump, his family and companies immunity from tax audits would be kept.
• The House of Representatives voted to curb Mr Trump’s war powers, with four Republicans joining the Democrats in a rebuke to their leader. The resolution to force the president to seek congressional approval before taking military action in Iran will probably get ground down in the Senate.
• Steve Hilton led the pack in early polls after California’s gubernatorial primary. The former strategist to Britain’s Conservative government, backed by Mr Trump, looked set to face Democratic rival Xavier Becerra in November’s general election. In Iowa, Mr Trump’s pick, Randy Feenstra, lost the Republican Party’s nomination for governor to Zach Lahn, a political outsider.
• Mr Trump picked Bill Pulte as acting director of national intelligence, replacing Tulsi Gabbard. As head of the federal housing regulator, Mr Pulte went after the president’s enemies with mortgage-fraud investigations.

Watch this space

• Blue Origin’s New Glenn rocket exploded on its launchpad in Florida during an engine test. The company’s owner, Jeff Bezos, promised to “rebuild whatever needs rebuilding” to stay in the commercial space market. Meanwhile, China completed its Shenzhou-21 mission, bringing three astronauts back to a landing site in Mongolia after some 200 days in orbit—the longest stay by a Chinese crew—as it gears up to reach the Moon in 2030.

The world this week Business

• Anthropic filed paperwork for an initial public offering of its shares. The listing is expected to value it at around $1trn. Another giga-IPO, for SpaceX, is due on June 11th. Elon Musk’s rocketry firm is trying to raise as much as $75bn at a valuation of $1.8trn. Alphabet, meanwhile, has said it intends to issue $85bn-worth of new shares. All are taking advantage of a buoyant stockmarket: America’s S&P 500 share index has been on a long winning streak and on June 2nd closed above 7,600 for the first time. “We are definitely in a moment where there’s more greed than there is fear,” said the boss of Goldman Sachs.
• As it prepares to go public, Anthropic is also rolling out its Mythos AI model far more widely. It had initially restricted access to around 50 companies, mostly in America, owing to Mythos’s prodigious skill at hacking computer systems. It will now be shared with many more organisations including NATO, SWIFT and the parent company of the New York Stock Exchange.
• Britain’s Competition and Markets Authority ordered Google to let publishers block their material from being used in its AI summaries of internet searches. Google must also allow publishers to prevent their output from being used to fine-tune its AI models, and cannot retaliate against those that choose to do so.
• The share price of Broadcom fell by 14% in after-hours trading following its earnings report. The chipmaker said it expected revenue of $29.4bn this quarter—more than the consensus forecast by analysts, but less than the most bullish ones. Broadcom’s market value dropped by over $300bn.
• Nvidia has developed a new chip for use in personal computers. The RTX Spark is designed to help individual devices run AI models. This marks a contrast with the firm’s other AI chips, most of which are used in data centres.
• China’s DeepSeek, yet another AI firm, is close to completing its own fundraising deal. It is seeking around 50bn yuan ($7.4bn) from investors including Tencent.

Rebuild the wall...

• Donald Trump’s White House said it intended to impose new tariffs, of 10-12.5%, on 60 trading partners including Britain, Canada, China, the European Union, Japan and Mexico. The Office of the US Trade Representative said it was imposing the levies because other countries had not done enough to prevent the import of goods made with forced labour. But it has announced them, coincidentally, a few weeks before the expiry of time-limited tariffs it levelled after the Supreme Court struck down a previous batch.
• English Premier League football clubs have been warned by Britain’s Financial Conduct Authority about “questionable sponsorship deals” with cryptocurrency firms. Several crypto firms that are not authorised by the financial watchdog have signed such deals with top teams. The FCA said these “potentially expose clubs to legal liability, money laundering risks and serious reputational damage”.
• An exchange-traded fund managed by Vanguard and tracking America’s S&P 500 share index became the first ETF to oversee more than $1trn-worth of assets.
• Andrew Left, an American short-seller, was convicted of securities fraud. Prosecutors said Mr Left had used socialmedia posts to try to move stock prices after having taken a position, then reversed his trades without telling followers he had done so. Mr Left said the verdict marked “a sad day for free speech”.
• Gold is now a more popular reserve asset than American Treasury bonds, according to a report by the European Central Bank. It found that the precious metal made up 27% of central banks’ reserves at the end of 2025, compared with 22% for Treasuries. Euro-denominated assets accounted for 15%.

...and shut those gates

• Partners Group limited withdrawals from one of its privateequity funds, seeing its share price tumble in response. Cliffwater, another asset manager, also gated one of its funds, which invests in private credit. The two followed a bevy of others that have restricted redemptions after heavy withdrawal requests.
• Would-be American housesellers are pulling their properties off the market. In April 5.8% of listings were removed without a sale, the joint-highest share in any month since March 2020.
• A British parliamentary committee warned the government that its reliance on Palantir “represents an unacceptable point of weakness”. The tech company should not play such a significant role in British defence, health and policing systems, the committee said.

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