A lot of European bosses have said that Europe's becoming a much less economical place in which to do business. America is obviously implementing subsidies, partly in its attempt to ensure that what it sees as strategic industries are located in America and not in China. The lesson of Russia's invasion of Ukraine is that you do not want to become too dependent on potential adversary for something that's really important for energy.
A pair of crises will bedevil Europe, starting with crippling energy prices in the short term. And American protectionism threatens a longer-term dent in the continent’s green-industry ambitions. A visit to Ivory Coast’s cocoa operations reveals why balancing farmers’ welfare and market forces is so tricky. And what Britain’s street names reveal about its history and its ideals.
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