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M.C.I. (P) No.064/09/2019 PPS 677/11/2012(022861)

4 Contents The EconomistJuly 25th 2020

Volume 436 Number 9204

Britain

36 Russian interference

37 Labour’s new management

37 Baby bust

38 Life on furlough

Europe

39 The EU recovery package

40 Franco-German tandem

41 Germany’s wurst jobs

41 Bulgarian protests

42 Preserving the Acropolis

42 Spain’s royal troubles

43 CharlemagneChekhov’s

EUgunrule

International

44 Dismantling care homes

Business

47 TikTok tantrum

48 Indian IT needs an update

50 Bartleby Small business

in the pandemic

51 America’s awful earnings

52 Covid-19-era M&A

52 Vaping in China

53 Schumpeter Latin

America’s Alibaba

Finance & economics

54 Shadow banking

57 Surging metal prices

57 Ant Group goes to market

58 Digital currencies

59 Buttonwood Chapter 11

60 Free exchangeReal-time

danger

Science & technology

61 Is there life on Mars?

65 The origins of SARS-CoV-

Books & arts

66 Inside Tibet

67 Bullfighting returns

68 Home Entertainment

Rereading “Catch-22”

68 David Mitchell’s new novel

69 JohnsonShadowwords

Economic & financial indicators

72 Statisticson 42 economies

Graphic detail

73 Emptystadiumshaveshrunkfootballteams’homeadvantage

Obituary

74 John Lewis, congressman and civil-rights activist