Fed-letter day: at last, a rate cut

The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our correspondent explains what difference these would make to the war.  And how fashion brands conquered TV (19:44).Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

The explosion of thousands of pagers across Lebanon and Syria was an attack on Hizbullah, a Shia militant group which had been trying to evade Israeli surveillance by using these low-tech devices. What will such an escalated attack mean for the region? Why Americans’ obsession with big cars makes the country’s roads so deadly (9:25). And the thrill of fossil-hunting (16:31).Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Large fuel subsidies in Nigeria are popular but ruinous to other public services. Our correspondents report from Lagos on how home-grown oil refining could help wean people off this popular premium. Texas was once a haven for crypto-mining; now many people are souring on it (11:06). And the terrifying rise of Indonesian horror films (17.05).Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

With less than eight weeks to go to the presidential election, tension is running high after a second probable assassination attempt on Donald Trump. Has political violence become routine in America? Virtual replicas of racing cars, plane engines, even bodies, may change how we diagnose problems (9:08). And celebrating Sergio Mendes, the king of Bossanova (17:04).Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Capsule that can withstand vacuum? Check. Low-pressure spacesuit? Check. Space-friendly Doritos? Check. The first spacewalk by private citizens showcases SpaceX’s prowess, the viability of privately funded exploration—and extraplanetary product placement. Gene editing has revolutionised the treatment for certain conditions, but can the staggering prices be brought down (11:30)? And some big news about Espresso, our daily briefing app (20:20).Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

One of America’s stalwart tech giants is on the ropes, having first missed the move to mobile and then the one to AI. We ask what fate awaits it. Our correspondent meets with Vadym Sukharevsky, head of Ukraine’s Unmanned Systems Forces—the world’s first drone commander (9:05). And what is behind Donald Trump’s outlandish claim of immigrants eating pets in Ohio (16:40).Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

The vice-president turned in a confident if imperfect performance, leaving Donald Trump flustered. But will it change anything? A global shortfall of blood plasma is hampering the development of new medicines; we argue for some simple market forces that could plug the gap (11:40). And how Nigerians are slimming their legendarily lavish weddings amid a cost-of-living crisis (18.10).Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

The EU’s unofficial chief technocrat issued a doorstop of a report outlining how the bloc can boost growth and keep up in a changing world. Is it all too ambitious? Mexico’s lame-duck president has one last project in mind: undermining the judiciary (10:44). And as the film “Fight Club” turns 25 our correspondent finds many of its disturbing messages still resonate (17:49).Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Nicolás Maduro has stolen an election, again—but this time the rightful winner felt so threatened that he has fled to Spain. We ask what happens next. A valedictory dispatch from our global business columnist asks why the forces of “creative destruction” seem to have faded (10:27). And the youth clubs that stitched together the fabric of young Britons’ lives are disappearing (18:55).Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Two months ago, French politics was thrown into crisis after a snap election left no party with a clear majority. Michel Barnier, the new prime minister, has a huge task ahead. Donald Trump’s campaign took time to adjust to the nomination of Kamala Harris. Now he’s on the attack again (9:40). And celebrating the life of stonemason, Simon Verity (17:37).Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.