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New Prime Minister Faces Old Problems: How to Make Britain’s Economy Grow

By: Eshe Nelson —
Conversations with economists, and people around him, shed light on how Andy Burnham might tackle entrenched challenges.

Andy Burnham, who is set to become Britain's prime minister on Monday, hopes that the resurgence in Manchester, where he was mayor, can be replicated across the country.

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Israel Struck an Iranian Steel Facility. Was It a Valid Military Target?

By: Yeganeh Torbati —
During the war, Israel attacked Iran’s steel plants, saying they provided forces with revenue and the means to make weapons, but it also hurt the civilian economy.
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns

By: Alan Rappeport —
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.

New International Monetary Fund projections showed a global economy that was stopped in its tracks by the U.S. war in Iran.

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Fallout of War Piles Economic Pain Onto Europe’s Political Stress

By: Patricia Cohen —
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.

A liquefied natural gas terminal in Germany. Most of that L.N.G. comes from the United States, underscoring Europe’s vulnerability to American supplies.

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Japan’s Leader Makes a Bold Election Bet. Here’s What to Know.

By: Javier C. Hernández —
Sanae Takaichi, who has proved popular as the first woman to lead Japan as prime minister, hopes to bolster her power in a snap election. But she faces hurdles.

Prime Minister Sanae Takaichi standing atop a vehicle during an election campaign in Tokyo on Saturday.

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What to Know About the Protests in Iran

By: Abdi Latif Dahir and Leily Nikounazar —
Galloping inflation, a currency crisis and anger at the regime have fueled demonstrations across the country.

A photograph released by Iranian state media showing shops in Tehran on Dec. 30 that were closed after protests.

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Tariff Uncertainty Expected to Slow Global Economic Growth This Year

By: Liz Alderman —
President Trump’s trade war is still playing out, and the full effect will be felt heading into next year, the latest projections show.

An auto factory in China. President Trump has imposed duties on goods from allies like the European Union, Canada and India, as well as rivals like China.

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Ukraine Takes First Step Toward Carrying Out Minerals Deal With U.S.

By: Constant Méheut —
The government is trying to show the Trump administration that it can deliver on the agreement.

In a handout image from Ukraine’s government, Scott Bessent, the U.S. Treasury secretary, and Yulia Svyrydenko, the Ukrainian economy minister, signed the minerals deal in Washington in April.

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5 Takeaways From the U.S.-U.K. Trade Agreement

By: Eshe Nelson —
The deal still has to be finalized, but it was hailed as a success by both countries for being the first since President Trump announced broad tariffs in April.

President Trump with Keir Starmer, the British prime minister, at the White House in February.

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Macau Is the Casino Capital of the World. For China, That’s Not Enough.

By: Alexandra Stevenson and Zixu Wang —
A quarter century after the former Portuguese colony was made a Chinese territory, Macau’s economic boundaries with the mainland are being blurred.

Macau is the world’s most lucrative gambling destination, but Beijing wants it to diversify and do more to serve China’s economic ends.

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Kenya Tax Protests Are Driven by Young People

By: Abdi Latif Dahir —
The movement augurs trouble for President William Ruto, who campaigned on helping the poor. Activists and lawyers said several prominent critics of the finance bill had been abducted.

A protest over Kenya’s proposed finance bill in Nairobi on Tuesday.

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Where Have All the Chinese I.P.O.s Gone?

By: Meaghan Tobin —
Chinese companies’ stock market listings once flooded Wall Street. These days, China’s initial public offerings are in a drought.

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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.

By: Keith Bradsher and Joy Dong —
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.

Chinese tourists buying gold bars and gold accessories at LukFook, a jewelry store in Hong Kong, on Sunday.

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The Super Rich No Longer Try To Support Their Societies

By: Guido Alfani —
In a break from the past, the Western world’s wealthiest people no longer try to support the societies they live in.

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