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The world this week

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Leaders

Free the north

How to invigorate Britain’s second-tier cities

One superstar city does not a successful economy make

BEIJING, CHINA - DECEMBER 03: Workers remove a COVID-19 nucleic acid testing booth from a site in the Central Business District on December 3, 2022 in Beijing, China. As part of a recent relaxing of COVID-19 control measures, the Beijing government announced that people would no longer need proof of a 48 hour negative COVID-19 test to ride public transit as of December 5.(Photo by Kevin Frayer/Getty Images)

What is the plan?

China is loosening its covid restrictions, at great risk

The government has not done enough to prepare

2KE4K08 Italian Prime Minister Giorgia Meloni speaks next to NATO's secretary general following their meeting at Chigi Palace in Rome, Italy November 10, 2022. REUTERS/Guglielmo Mangiapane

The Italian job

Why Italy, like Europe, is crying out for big reform

Giorgia Meloni needs to be bold. Sadly, she appears reluctant

Charter fights

Canada’s constitution is being trampled by populists

The “notwithstanding clause” lets politicians nullify citizens’ rights. It needs to go

The new rules in financial markets

Investing in an era of higher interest rates and scarcer capital

Prepare for impatient investors and pain in private markets—but also higher returns

Letters

On Chinese students, FTX, Britain’s spending cuts, Kazakhstan, classical music, “When Harry Met Sally”

Letters to the editor

By Invitation

Briefing

When the tide turns

Rising interest rates and inflation have upended investing

Not all assets have been affected equally

Economic & financial indicators

The Economist explains