How high can markets go?

The world this week

Leaders

Voting intentions

How to build a British voter

Labour is assembling an electoral coalition that is young and broad, but volatile too

How high can markets go?

A golden age for stockmarkets is drawing to a close

Share prices may be surging, but even AI is unlikely to drive a repeat of the past decade’s performance

First responders carry away a person experiencing a fentanyl overdose

A losing battle

Fentanyl cannot be defeated without new tactics

Suppression works even less well than with other narcotics

Marine Le Pen, the leader of France’s far-right National Rally party holds her hands up at the National Assembly in Paris

French politics

The perils of a Le Pen presidency

Even three years out, the prospect is alarming

Visitors leave the headquarters of Russia’s Central Bank during a snow shower in Moscow

Don’t seize: capitalise

How to put Russia’s frozen assets to work for Ukraine

Exploit them to the full, but legally

One nation under Modi

To see India’s future, go south

The country’s regional division could make it—or break it

People walk through Chinatown in downtown Toronto, Canada

How tyranny travels

Autocracies are exporting autocracy to their diasporas

The new danger from transnational repression

Letters

On Britain’s armed forces, cousins, business in Italy, private-equity backed insurance, age, Terry Pratchett

Letters to the editor

By Invitation

Briefing

The image of a skull made up of an assortment of pills

Relentless reaper

America’s ten-year-old fentanyl epidemic is still getting worse

The government is spending record amounts, just to slow its growth

International

Economic & financial indicators

The Economist reads