From: The Economist this week - Thursday Apr 16, 2020 04:45 pm
Cases of covid-19 have slowed in China, and its lockdown seems to have worked. The pandemic may be remembered as a geopolitical turning-point away from America
   
April 16th 2020 Read in browser
   
  The Economist this week  
 
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  Our cover this week asks whether China will be the pandemic’s big geopolitical winner. Its attempt to cover up the virus was disastrous, but its lockdown seems to have worked. The number of newly reported cases of covid-19 has slowed to a trickle. Factories in China are reopening. Researchers are rushing candidate vaccines into trials. Meanwhile, the official death toll in China has been far exceeded in Britain, France, Spain, Italy and America. Some, including nervous foreign-policy watchers in the West, warn that the pandemic will be remembered not only as a human catastrophe, but also as a geopolitical turning-point away from America. Are they right?

To read more of our coverage of the virus and its consequences visit economist.com/coronavirus. And look out for a special edition of this newsletter on Saturday.
 
 
  Zanny Minton Beddoes, Editor-In-Chief  
     
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So many possibilities, so little time

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Countries around the world are bracing for a deep downturn. Our ranking shows which might suffer most
Finance and economics
 
 
 
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Looking for an exit

Saudi Arabia declares a ceasefire, but the Houthi rebels fight on
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Who’s lost their trunks?

The crisis will expose a decade’s worth of swindling and aggressive accounting
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Shoestring king

Faced with a catastrophic recession, the president is reluctant to fire a fiscal bazooka
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The world after covid-19: by invitation
Putting values above valuations

In recent years the market economy has become the market society. The virus could reverse that trend, says Mark Carney, the former governor of the Bank of England
Business
 
 
 
Glossy magazines
Glitz-krieg

How a corner of Britain’s publishing industry is adjusting to a gloomy time
Britain
 
Bernie Sanders bowed out as the sole remaining challenger to Joe Biden and endorsed his hitherto rival for president. Mr Sanders said he was endorsing Mr Biden now so they can unite the Democratic Party in trying to defeat Donald Trump in November’s election.
Saudi Arabia and Russia ended their oil-price war, agreeing to a deal that will see oil-producing countries cut output by a record 9.7m barrels a day over the next two months, around 10% of global supply. There will be smaller cuts thereafter. The rally in oil markets that greeted the announcement soon faded, however. The International Energy Agency forecast that global demand for oil will fall by 9.3m barrels a day in 2020. This month “may go down as Black April in the history of the oil industry”, said the head of the agency.
 
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A vaccine for covid-19 is a long way off. In the meantime, could existing drugs be used to treat the novel coronavirus?
 
 
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