Roberto Abraham Scaruffi

Thursday, December 04, 2014

This week our cover leader looks at the new economics of oil—and the battle that sets sheikhs against shale. We argue that, even if some businesses will go bust, the overall market will be much more stable and consumers will gain John Micklethwait, Editor-in-Chief

Abe's last chance Japan desperately needs economic reform. The current prime minister still offers the best chance of that happening READ MORE » Boost your business with a drone A thriving industry—so long as regulators do not try to tether them to the ground READ MORE » Our books of the year What you should read at Christmas READ MORE » Politics this week Israel’s parliament was dissolved and early elections called for March 17th, after the collapse of the governing coalition led by Binyamin Netanyahu, the prime minister. The government fell apart when Mr Netanyahu kicked out two moderates from his cabinet, Yair Lapid and Tzipi Livni, for, he said, plotting to throw him out of office. Both Mr Lapid and Ms Livni are opposed to a controversial proposed law that would favour Jewish rights over those of Arabs SEE ARTICLE » MORE FROM: POLITICS THIS WEEK » Business this week Britain said it would bring in a new tax on companies that divert profits out of Britain to avoid paying tax. It was not immediately clear how the levy would be implemented and whether it would fall foul of existing tax treaties SEE ARTICLE » MORE FROM: BUSINESS THIS WEEK »