
By MOHAMED A. EL-ERIAN (*)
By appointing John Healey as chancellor of the exchequer, British Prime Minister Andy Burnham has taken a calculated risk. If Healey can leverage his insider knowledge of the Treasury, pursue a bold, pro-growth agenda, and manage his defense-spending instincts, he may be able to provide the structural shake-up the UK economy needs.

Six million of British households are set to save £150 on energy bills this winter, as government urges eligible households to check they are named on their bill to get the Warm Home Discount automatically. Every household where the bill payer is on means-tested benefits is in line for the rebate, following the expansion of the scheme last year.
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Latin America is often presented to international companies as two large language markets: Spanish-speaking countries and Brazil. That map is convenient, but commercially incomplete. The region also contains hundreds of Indigenous languages, strong bilingual communities, border economies, and migrant audiences whose digital habits do not fit a single Spanish or Portuguese template.

An international platform can open on a phone anywhere, yet the experience may still feel designed for another market.

The government of Ceuta has referred to the competent authorities messages circulating on Moroccan social media that call for a fresh attempt at irregular entry into the Spanish enclave on August 15, five days after a migration crisis that left dozens dead.
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Argentine President Javier Milei said on Monday that his government's alignment with the United States will advance Argentina's sovereignty claim over the Falklands, in remarks to Radio Mitre.
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Officials opposed to FIFA president Gianni Infantino are considering withdrawing cooperation with the governing body for as long as he remains in office, according to UEFA sources cited by the BBC, as the fallout deepens over the plan to open a commercial subsidiary handling the rights to its tournaments to private investors.
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Falling water levels on the Rhine are forcing barges to operate with a fraction of their usual load and have sharply raised the cost of river transport, as drought and extreme temperatures affect Europe's main inland waterways.
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Spanish intelligence services concluded that Morocco did not plan last Thursday's mass entry of people into Ceuta, although it allowed the crossings and drew political benefit from the international attention, according to sources cited by El País. Other reporting contradicts that account on a key point: whether the government was warned in advance.
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Russia holds roughly a fifth of the world's forest area, and for two decades one species from that vast resource dominated Europe's timber facades: Siberian larch. Dense, cheap for what it offered, and shipped west in enormous volumes, it became the default cladding board from Norway to the Netherlands. Then, in 2022, the trade stopped almost overnight — and the European market has been improvising ever since.