| Democratic Strife Risks a 2022 Bloodbath — and Biden's Legacy
Divisions among Democratic progressives and centrists are threatening Biden's economic agenda and his legacy. If they fail to unite to pass a safety-net package, Joshua Green reports, the party could pay a steep price in next year's midterm elections. - Senate Minority Leader Mitch McConnell told Biden that Republicans won't help the next time the U.S. debt limit has been reached.
Xi Picks Opportune Time to Cool Tensions With Biden Meeting
There are pressing reasons for Chinese President Xi Jinping to arrange a meeting with Biden and dial back tensions between the world's two largest economies. Iain Marlow lays out what's at stake when the two hold a virtual summit before the end of the year.
Dueling U.S., China Military Drills Highlight Rising Taiwan Risk
Taiwan was the focus of rival displays of might by the world's major military powers this week. Samson Ellis reports on the record sorties by Chinese military planes off one coast and flotillas of U.S. and allied warships off another. - Xi renewed his pledge today that unification with Taiwan "will and must be achieved."
 Johnson Skips Over Economic Chaos in Sales Pitch for New Britain
Putting forward his vision for a new Britain, Johnson pledged to invest in skills, narrow social inequalities and unleash the national spirit. Just how he planned to do that, Kitty Donaldson, Alex Morales and Emily Ashton write, was less clear, as businesses warned of more disruption to the economy.
Whistleblower's Guide to Fixing Facebook Centers on Algorithms
In her testimony to the U.S. Senate on Tuesday, former product manager Frances Haugen stressed an overarching point: Facebook needs to make big product changes that would likely lead to less engagement, a decline in advertising dollars, and ultimately less profit. Naomi Nix and Anna Edgerton outline what she said.  Facebook was ordered by a court-appointed referee to search for any personal notes by Zuckerberg that might be relevant to a consumer lawsuit accusing the social networking giant of failing to safeguard privacy in the years leading up to the Cambridge Analytica scandal.
Global Corporate-Tax Overhaul Advances as 136 Nations Sign On
Plans for a vast overhaul of corporate taxation won support from 136 countries yesterday. William Horobin and Isabel Gottlieb report on how governments resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. deemed discriminatory.  Hong Kong's National Security Law Is Changing Everything
China's expansive crackdown on dissent in Hong Kong has transformed the Asian financial hub in little more than a year and raised big questions for individuals and companies alike. Kari Soo Lindberg, Natalie Lung and Pablo Robles explain that the message is: Beijing is running the show.
Afghanistan's Fragile Economy Is Collapsing as Cash Disappears
Just weeks after the U.S. withdrawal from Afghanistan, a cash crisis has gripped an already feeble economy. Eltaf Najafizada reports workers aren't being paid, companies are closing and banks are limiting withdrawals.  Taliban fighters during a rally in Kabul on Sept. 11. Photographer: Aamir Qureshi/AFP/Getty Images Rage-Fueled Politics Threaten Latin America's Business Haven
Gabriel Boric is tapping into public rage over inequality and a shift in attitudes about gender and sexuality to become the front-runner in the race for Chile's presidency. The rise of the 35-year-old former student protester is part of a broader swing to the left across Latin America. Global Energy Crisis Shows Fragility of Clean-Power Era
The richest countries are undergoing one of the most ambitious industry overhauls since the dawn of the electric age. But with no easy way to store energy generated from renewable resources, the transition has made the global power network more fragile. Putin Plots Climate Shift as Advisers Warn of Economic Risks
After years of dismissing climate change, President Vladimir Putin is prodding officials to take the threat it poses to Russia's economy more seriously. Evgenia Pismennaya, Yuliya Fedorinova and Ilya Arkhipov explain the shift means Moscow will bring concrete proposals on carbon emissions to the COP26 climate change summit in Glasgow in November.  North Korea Trades Scorn for Flattery to Win Benefits from Moon
North Korea has called President Moon Jae-in a meddlesome mediator and reduced to rubble a $15 million liaison office that was one of the South Korean president's biggest diplomatic achievements. Yet, Jon Herskovitz reports, leader Kim Jong Un on Monday restored hotlines with South Korea.
And finally … Fossil fuels are becoming unacceptable to many consumers and investment funds, and in Europe this year, electric and plug-in hybrid vehicles outsold diesel cars for the first time. The outlook isn't all bleak for the Glasgow climate summit that starts this month. But as Marc Champion and Jess Shankleman report, the rivalry between the U.S. and China and a global energy squeeze could make progress difficult.  Dark smoke drifts over a hotel complex during a massive forest fire on Turkey's southern coast near the town of Manavgat on July 29. Photographer: Ilyas Akengin/AFP/Getty Images | 
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