This Intelligence podcast is brought to you by Deliveroo for Work, the simple food solution for your business.

What perk do teams love most? Yep, great food. With Deliveroo for work, you can choose from thousands of restaurants and keep everyone happy and engaged.

Perfect for lunches to late night meals, pantry supplies and more. And with one monthly invoice,

there's no more chasing receipts. Give your team the perk they really want. Visit work.deliveroo.com.

This podcast is sponsored by TradeU. Here's something of interest, a multi-asset trading platform

that lets you earn 4.5% on your stock account cash balance.

It's made possible with today's sponsor, Tradeu, where you can trade with an institutional edge.

Get access to global markets, institutional grade pricing, and no hidden fees.

Tradeu, your trade, your move.

Explore more at tradu.com. Your capital is at risk, interest,

subject to minimum balance, terms and conditions apply.

Hello and welcome to the intelligence from The Economist. Today, in London, I'm your host,

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

For years, the forested lands of Northern California yielded the very finest marijuana in America.

Now that it's legal there, you'd think those growers would be rolling in cash.

But thanks to state regulations, the industry's chances of survival are not high.

And since the invasion of Ukraine, plenty of multinational businesses have made for the door in Russia.

Many of them have taken a big short-term hit.

But over the longer run, the markets seem to value the company's decisions to go.

First up, though.

In Ethiopia's Amhara region, yet another cycle of unrest and crackdown. This time, the central government has gone after an influential armed militia called Fano,

arresting more than 4,000 people in recent weeks.

...