How a Classic French Dish Is Squeezed by Lingering Inflation

How a Classic French Dish Is Squeezed by Lingering Inflation

At Le Bouillon Chartier in Paris, the recipe for a perfect beef Bourguignon involves beef, carrots, wine, butter and “coquillettes,” a tiny macaroni-shaped pasta. It is cooked for at least three hours. And it must be affordable, so the price cannot be more than 10 euros a dish. Since 1896, …

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Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia

Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia

After the fall of Communism, Russia ushered in capitalism by selling off billions of dollars in state assets. Now, 30 years later, the Russian government is stepping up a wartime campaign to do the opposite: seizing private businesses, this time in the name of national security. In the last month, …

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East Timor’s Challenges Two Decades After Independence

East Timor’s Challenges Two Decades After Independence

Three decades ago, he was a scrappy campaigner roaming the world’s corridors of power with a dream to win independence for his tiny homeland. Today, at 75, José Ramos-Horta is both the president and a relentless salesman for East Timor. He asked China’s president, Xi Jinping, to “help us resolve …

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How Trump’s One-for-One Tariff Plan Threatens the Global Economy

How Trump’s One-for-One Tariff Plan Threatens the Global Economy

The world economy was already grappling with a perplexing assortment of variables, from geopolitical conflicts and a slowdown in China to the evolving complexities of climate change. Then, President Trump unleashed a plan to uproot decades of trade policy. In starting a process to impose so-called reciprocal tariffs on American …

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Trump’s Tariffs Could Worsen Europe’s Economic Slowdown

Trump’s Tariffs Could Worsen Europe’s Economic Slowdown

President Trump’s promise to hit the United States’ trading partners with tit-for-tat tariffs — including penalties for taxes that he claims the European Union unfairly imposes on American imports — could hardly come at a worse time for the continent. Mr. Trump on Thursday signed a memo directing his teams …

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Angela Merkel Is Retired. But She’s Still on the Ballot.

Angela Merkel Is Retired. But She’s Still on the Ballot.

A chorus of criticism greeted Friedrich Merz, the favorite to become Germany’s chancellor, last month when he broke a taboo against working with a hard-right party to pass legislation. But it was a lone voice of dissent that rocked the country’s political scene: Angela Merkel, the once-beloved former chancellor, who …

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Serbia’s Protests Test the President’s Grip on Power

Serbia’s Protests Test the President’s Grip on Power

Serbia’s authoritarian leader should be riding high, lifted by economic growth that is four times the European average, falling unemployment and steadily rising wages. Instead, President Aleksandar Vucic, battered by three months of nationwide street protests, is struggling to weather his biggest political crisis in more than a decade of …

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