What’s wrong with the banks

The world this week

Leaders

The financial system

What’s wrong with the banks

Rising interest rates have left banks exposed. Time to fix the system—again

Binyamin Netanyahu and a constitutional crisis

Will Bibi break Israel?

When Israel’s best and brightest are up in arms it is time to worry

Florida Governor Ron DeSantis makes his first trip to the early voting state of Iowa for a book tour stop at the Rhythm City Casino Resort in Davenport, Iowa, U.S. March 10, 2023. REUTERS/Jonathan Ernst

Ron DeReckless

Ron DeSantis emboldens Vladimir Putin

Florida’s governor has blundered by saying Ukraine is not a vital American interest

Australian Prime Minister Anthony Albanese shakes hands with President Joe Biden during a news conference with British Prime Minister Rishi Sunak, at Naval Base Point Loma, Monday, March 13, 2023, in San Diego, as they unveil, AUKUS, a trilateral security pact between Australia, Britain, and the United States. (AP Photo/Evan Vucci)

Nuclear submarines

The AUKUS pact is a model for Western allies

Pooling talent and resources is the only way to match China’s heft

Photo Taken In Fredericksburg, United States

Lean, mean and surprisingly green

Why America is going to look more like Texas

Lessons from the surge of the Lone Star State

Britain's Chancellor of the Exchequer Jeremy Hunt holds the budget box at Downing Street in London, Britain March 15, 2023. REUTERS/Hannah McKay

Britain’s economy

Jeremy Hunt’s budget is better at diagnosis than treatment

Stability but no cigar

Letters

On obesity, colonialism, YouTube and Alphabet, air pollution, the Chagos Islands, Zoomers

Letters to the editor

Briefing

The lodestar state

Texas’s latest boom is its biggest yet

The state is sucking in people, companies and federal spending

Britain

Britain's Chancellor of the Exchequer Jeremy Hunt waves as he poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government's annual budget to Parliament. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

Economic & financial indicators

Graphic detail