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America Inc has a tight grip on allied governments

Companies from Palantir to Lockheed account for a small share of spending, but are hard to shake

Is the LA Lakers’ sale a sign of sports investment gone mad?

$12.5bn price tag is highest ever for an American sports team

The world’s biggest fast-food chain is moving into pubs

Why China’s Mixue Bingcheng is serving up beer

The six stages of holiday-making

Two weeks off, but how many days of relaxation?

Japan’s downbeat startups need a lift

Can past success ever be rekindled?

AI agents lie, cheat and steal. That is putting off users

It is time to impose law and order on the frontier

Nvidia’s great silicon showdown

The chipmaker’s biggest customers want a piece of its business. It is fighting back with a $500bn deal

How much would you pay for a smarter baby?

Startups claim they can screen embryos for everything from genetic diseases to IQ. Not everyone is convinced

Americans are losing their appetite for fast food

McDonald’s and other chains are turning to gimmicks to lure customers back

The return of Max Flannel, our workplace agony uncle

He has advice for Gianni in Switzerland, Kevin in Washington and Claude in San Francisco

America’s lack of shipbuilding prowess is a problem for its navy

China’s commercial shipyards provide it with a big advantage

Investors have fresh doubts about Elon Musk’s grandiose ambitions

SpaceX is spending gobs of money to refashion itself as an AI company

A global pipeline-investment boom is under way

New conduits for oil will improve energy security, but come at a cost

Hollywood is entering its AI era

The technology is quietly playing a role in every aspect of film-making

The delights of deadlines

A friend to procrastinators, an enemy to prattlers, a necessity for managers

Forget Airbus and Boeing. Embraer is soaring

Its boss has ambitious plans for the future

The battle for Hugo Boss

A British retail magnate tries to go upmarket

Private equity is coming for the Indian Premier League

The cricket tournament has proved hugely profitable

Selling stakes in the beautiful game. What could go wrong?

FIFA’s plan to tap private investors is causing outrage

South Korea’s stock-market boom is collapsing spectacularly

It may be a harbinger

There’s never been a better time to commit financial fraud

American enforcement has collapsed and conditions are ripe for skulduggery

America has become an entrepreneur’s paradise

Etsy-sellers and small-town accountants are enjoying the fruits of AI

Investors cool on Europe’s old-style defence firms

Blame supply-chain snags, procurement obstacles and the rise of drone warfare

Airplane-engine maintenance is now a money spinner

Manufacturers are earning big bucks as a result

Elon Musk’s vision of the future

The world’s richest man sits down with The Economist

Capitalism’s status hierarchy is being upturned

One of the modern world’s most powerful forces is among its least understood

America’s AI labs are under threat from cheap Chinese rivals

Demand for open-weight models is soaring

Don’t blame supermarkets for your expensive groceries

Saying greedy shops have caused rising food prices is populist nonsense

China’s mysterious new billionaires are conquering the world

And refusing to talk to the press

How SK Hynix became the king of advanced memory chips

Its advantages will not protect it if demand falters

How to sell a kettle

Brand positioning reaches boiling point

Eli Lilly is reinventing the pharma business

The world’s largest drugmaker is betting big on preventive medicines—and learning from big tech

Meet the committee to buy Europe

The continent’s dealmakers deserve much more attention

Demis Hassabis has a plan to harness AI safely

The Google DeepMind co-founder sets out his vision in an exclusive interview

How high can Red Bull fly?

The world’s most formidable marketing machine faces growing threats

The secret to good questions

Consideration, consistency and curveballs

Could a Chinese bike win the Tour de France?

The country’s manufacturers hope that high-performance models will improve their image

Elon Musk and the age of the corporate leviathan

For the world’s largest companies, the normal rules of corporate governance no longer apply

Microsoft’s gaming strategy has misfired badly

A supply-chain crisis for Xbox couldn’t have come at a worse time

China’s semiconductor industry is racing to catch the West’s

But it is proving easier to design chips than to make them

Beware the top-heavy economy

Supersize capital flows are reshaping business—and building risk

Indonesia gives its best-known entrepreneur a decade in jail

The technology giant he built is being yanked around by the state

The Toddyssey: an office epic that would make Homer proud

You could read Homer. You could see the film. Or you could just go to work

Show a liberal a Lime bike and he will show you his soul

Are the e-bikes a paragon of liberalism or an abomination?

Can Bending Spoons thrive as a listed company?

A rare Italian software star uses the private-equity playbook

Donald Trump’s AI regime is opaque, unpredictable—and unsustainable

The administration now controls who gets access to the best models

The rise of vibe lawyering

AI is emboldening people to represent themselves in court. The results are mixed

Big oil’s secretive trading arms are having an extraordinary year

Meet the corporate gamblers who never waste a good energy crisis

Teaching AI how people work is fraught with problems

Tacit knowledge is vital to many jobs

Why easyJet may be heading for a break-up

Its private-equity suitor may be looking to sell it for parts