Eric Schmidt Joins Relativity Space as C.E.O.

For a decade, Eric Schmidt ran Google as chief executive and as the “adult” in the room, mentoring the internet company’s young founders, Larry Page and Sergey Brin. In 2011, Mr. Schmidt handed control of Google back to Mr. Page. He has not taken another C.E.O. job since. But on Monday, Mr. Schmidt told employees … Read more

‘Military Keynesianism’? Reeves faces British defence dilemma after EU spending surge | Economics

As the Nobel laureate Robert Lucas quipped during the 2008 financial crisis: “I guess everyone is a Keynesian in a foxhole.” Donald Trump’s upending of the postwar security consensus has underlined the enduring wisdom of Lucas’s observation. But now, instead of bank bailouts and emergency bond buying, European firepower is being directed at bombs, tanks … Read more

EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart

Forget the “Trump put”, as financial analysts called the bet that the US president’s policies would unleash a winning era for the nation’s stock markets. By Friday, the chat was of the “Merz spurt”. The decision by Friedrich Merz, the German chancellor-in-waiting, to cut a deal on ditching Germany’s debt brake – still to be … Read more

The founding fathers baked reason, truth and free speech into the US. That’s all gone now | Will Hutton

The founding fathers of the USA – James Madison, Thomas Jefferson, Alexander Hamilton, Benjamin Franklin and more – were quintessential disciples of the European Enlightenment. Their intent was to embed Enlightenment values into the government and culture of the New World. America would be a republic of laws. Its constitution would ensure governance of the … Read more