July 5, 2023

Nokian Tyres of Finland made 80 percent of its tires in Russia, where energy was cheap. After losing billions, it prioritized political security over business efficiency.

Georgi Gospodinov won the prestigious International Booker Prize this year for “Time Shelter,” a satirical novel exploring lofty ideas about nostalgia.

An inmate hoped to start over with a clean slate by fighting in Ukraine. Instead, he was confronted by the drudgery of trench work and the terror of battle. “You’re going in as meat,” he said he was told.

Experiences like economic hardship or medical expenses can distort people’s feelings and behaviors around money, causing them to sabotage their financial futures.

Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control.