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Hello and welcome to the intelligence from The Economist.

In London, I'm Jason Palmer.

And in New York, I'm John Fastman.

Every weekday, we provide a fresh perspective on the events shaping your world.

The European Central Bank has raised its rates for the first time in more than a decade,

responding at last to the inflation that plagues many economies.

But the bank has a finer line to walk when it comes to keeping things on track across the continent.

And in Bangladesh, it's not so easy to find a stiff drink, but plenty of people do in speakeas and on the black market.

Now the country is loosening its laws a bit because there's just too much money to be made

behind the bar.

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