The global economy is getting a hardware refit and trying out a new operating system—in effect, a full reboot, the likes of which we have not seen in nearly a century. To understand why this is ...

ClimateWatch: Exploring the connection between wildfires and climate change 23:09. A new report from the World Meteorological Organization delivers a stark warning: climate change is accelerating ...

Flooding in Fort Lauderdale, Fla., in 2023. By 2049, costs from the effects climate change could total more than $38 trillion annually. Cristobal Herrera-Ulashkevich/EPA, via Shutterstock ...

In Gelsenkirchen, the signs of a downturn are visible everywhere. While the city played a big part in Germany's post-war "economic miracle", the rot set in with the decline of coal and heavy ...

A version of this article appears in print on May 3, 2025, Section A, Page 4 of the New York edition with the headline: What Australia’s Election Means for Climate Change in a Big Coal Economy.

The world economy is like a supercomputer that churns through trillions of calculations of prices and quantities, and spits out information on incomes, wealth, profits, and jobs.

The World Economy Is on the Brink of Epochal Change Capitalism’s operating system is due for a major upgrade. How that turns out depends on enormously consequential political choices.