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).

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Donald Trump is back in office, this time with less pearl-clutching in Washington. We examine his inaugural address and his first executive orders as glimpses into what his second term holds—for America and the world (12:23). And why millennials and Gen Z are so besotted with expensive stuffed animals (18:37).

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Quiet skies, returned Israeli hostages, Gazans going back home: there is much to celebrate, for the moment. We examine the path to a more robust and lasting peace. Britain’s minimum-wage rise is good news for those who earned less—but those who earned not much more are feeling more squeezed (9:45). And the medical merits of hypnosis are at last becoming recognised (16:50).

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This week Blue Origin, Jeff Bezos’s space-exploration company, successfully launched a rocket into orbit on its first attempt. That marks a new frontier in the private space industry. Donald Trump has threatened mass deportations of illegal immigrants. What will happen when he takes office (12:56)? And celebrating Peter Fenwick, a neuropsychiatrist and expert on near-death experiences (21:55).

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After 15 months of fighting, a ceasefire in Gaza may soon be agreed. What does the deal entail – and could it last? Our correspondent has uncovered new information about Donald Trump’s nominee for Director of National Intelligence, Tulsi Gabbard, and her relationship with Syria’s former dictator, Bashar al-Assad. And why Gen-Z has gone mad for matcha.

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After dramatic scenes in South Korea, President Yoon Suk Yeol has been detained on insurrection charges, stemming from his attempt to impose martial law in December. But, says our correspondent, the political and economic fallout is not over. The craze for plastic surgery reaches some surprising body parts (7:46). And a visit to the world’s most disciplined primary schools – in Japan (16:40).

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Though central banks have cut interest rates, uncertainty about the future has sent yields sky-high. Our correspondent explains why expectations diverge from the economic data, and the impact on borrowers. Donald Trump’s desire to control Greenland using economic or military force provoked outrage. But could America buy the country (9:01)? And why Singapore’s iconic hawker centres are under threat (17:41).

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Among the lessons emerging from California’s devastating fires is the idea that insurers cannot price risk on past data: the climate-change future is already here. Pete Hegseth, Donald Trump’s pick for defence secretary, has some misguided notions about women on the battlefield (10:10). And examining children’s literature: should it be all sugar and spice—or more real-world, where not everything’s nice (19:28)?

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