Decent apartments famously strain the budgets of many New Yorkers and San Franciscans. But in Manila, the capital of the Philippines, they cost a staggering 20 times the median household income. Just a handful of Asia’s biggest cities have “affordable” formal housing markets. That is hurting Asian economies.
The big companies behind packaged snacks and spreads are already suffering. Now the industry fears that rising prices could bite into future sales. So could preferences for healthier food—and less of it.
How closely have you been following the news this week, from Iran and beyond? Test yourself with our weekly pint-sized news quiz.
What to watch this weekend. Our film and TV recommendations this week include several tales of family drama. Read the full list.
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Chinese companies are reshaping Indonesia. Entrepreneurs from China are flocking to the world’s fourth-most-populous country—and many are thriving. We explain why.
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America’s pro-Israel lobby is facing a backlash. For around 70 years America’s largest pro-Israel advocacy group has worked to strengthen ties between the two countries. But as American attitudes shift, so too does the group’s strategy—in ways that risk harming its cause.
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