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Taylor Swift’s marriage to Travis Kelce gives the article a vivid example of a still-unusual household arrangement. Kelce reportedly earns around \$50m a year, yet that is only about a fifth of the couple’s combined income. Their celebrity scale is exceptional, but the imbalance points to a broader puzzle: women have made enormous gains in education and employment without becoming primary earners in most two-income households.

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The world produces roughly \$120trn of goods and services each year, but annual output is only one way to measure prosperity. A balance sheet asks a different question: what stock of wealth supports that income? The distinction matters because households can become much richer on paper even when the world adds relatively little to its productive capacity.

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China’s next export surge may arrive without a shipping container. Chinese artificial-intelligence companies are rapidly taking robotaxis, delivery vehicles, cloud services and chatbots abroad. Their expansion is often described as a sign of technological strength. It is also a response to a harder economic problem: many of these businesses struggle to earn money at home, while Beijing wants the benefits of AI without the disruption that mass automation could bring to Chinese workers.

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Prediction markets turn beliefs about future events into contracts that can be traded directly. Instead of building a complicated portfolio to express a view on an election, an interest-rate decision or an energy price, a trader can simply buy a contract tied to that outcome. Kalshi and Polymarket have proved that this idea can attract a large retail audience. Their harder task is convincing Wall Street that these markets are reliable, liquid and efficient enough for serious institutional money.

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Public hostility toward billionaires is rising just as the way extreme fortunes are made appears to be improving. Drawing on a new analysis of about 7,000 billionaires over 25 years, The Economist argues that a growing share of billionaire wealth now comes from founders competing to sell useful goods and services, rather than from inheritance, political connections or protected industries. That shift does not erase concerns about concentrated power, but it changes which remedies make sense.

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Gibraltar’s newly open border with Spain shows how economic necessity can soften even a centuries-old sovereignty dispute. On July 14th, border controls ended under a treaty between Britain and the European Union, bringing the British territory into much of Europe’s system for frictionless movement and trade. The agreement does not settle who should own the Rock. Instead, it makes that argument less costly for the people who live and work around it.

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Sweden’s September election will test what happens to anti-immigration populism after immigration itself has fallen sharply. The Sweden Democrats helped push the country from one of Europe’s most welcoming migration regimes to one of its most restrictive. Now the party must persuade voters that the remaining problem is not new arrivals, but migrants who are already settled in Sweden.

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Narendra Modi’s relentless travel is more than personal diplomacy. It reflects a wider effort by Asia’s middle powers to protect themselves against two uncomfortable realities: China’s economic and military weight, and an America that many governments now regard as less dependable. India is not choosing a new bloc. It is helping build a network of practical partnerships that can give countries more room to manoeuvre between the superpowers.

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The Panama Canal is becoming more valuable just as it is becoming harder to manage. War in the Middle East has redirected energy shipments towards the Americas, pushing demand for the waterway close to its daily limit. Longer-term shifts in trade could keep that demand high. Yet drought and rivalry between the United States and China threaten the reliability and political independence on which the canal’s success depends.

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A kettle has an unusually clear purpose: it boils water. That simplicity makes it an ideal target for Bartleby’s satire of brand positioning, the marketing exercise that decides which audience a product should address and what identity it should project. The article imagines a strategist trying to replace a practical, successful message with something more exciting. What follows is a catalogue of familiar corporate fashions, each claiming to transform the same basic appliance.