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Saturday, 25 July 2026 · No. 14,822
Markets rally on softer data · A ceasefire holds in the eastern corridor · Heatwave breaks Iberian records for the third time this decade
Saturday, 25 July 2026 · No. 14,822
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Saturday, 25 July 2026 · No. 14,822
Markets rally on softer data · A ceasefire holds in the eastern corridor · Heatwave breaks Iberian records for the third time this decade
p.1 — Central banks pause as inflation cools across three continents
By Halina Novak
p.2 — From the Editor
p.3 — In today's paper
Why the Fed, the ECB and the Bank of England all blinked in the same week.
By Diego Alarcón
p.4 — The pause heard across three continents
Bonds move first. Equities follow. The dollar barely notices.
By Priya Rangan
p.5 — Markets: a very quiet rally
The Iberian peninsula broke another record this week. A dispatch from the city that names its heatwaves.
By María Ochoa
p.6 — Seville, on the third heatwave of the summer
Journeys
p.7 — Advertisement
Dr. Elena Braun on wage bargaining, the euro, and the paper on her desk.
By Diego Alarcón
p.8 — An interview with the Bundesbank's newest board member
How a rowing crew from a small Dutch club became the story of this year's world championships.
By Sofia Bergqvist
p.9 — The quiet dominance of the Amsterdam eight
A guest column by Prof. Nadia Rahman, LSE.
By Nadia Rahman
p.10 — Opinion — The rooms we run our economies from
Well Made
Film · Books · Music · Food · Style · Ideas
p.11 — The Weekend Culture pull-out
The new Céline Sciamma runs 148 minutes and hardly moves. That is the point.
By Ines Marchetti
p.12 — A very slow film for a very fast summer
By The Editors
p.13 — Stay with us over the weekend
Back
p.14 — Back page
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