Military types need not wait until mass movements of troops to know a conflict is coming. We examine a raft of subtle and not-so-subtle market moves that would precede a Chinese invasion of Taiwan. France’s quiet volte face on the extent of NATO and the European Union will reshape European security (12:04). And how scrapyards are becoming efficient, lucrative disassembly lines (19:41).For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.