The procedure is simple—genial, even. Contact Houthi rebels in Yemen and pay up, and your freight can pass into the Red Sea unmolested. We examine how this extortion affects world trade. China is fast closing its gap with America on AI innovation, and doing so far more cheaply (7:22). And a trip to a Ghanaian rum distillery reveals a regional trend (15:44). 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. Hosted on Acast. See acast.com/privacy for more information.
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