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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 Fasten. Every weekday, we provide a fresh perspective on the events,

shaping your world.

Usually you think of spying and espionage as things that states do to each other.

James Bond, after all, was on Her Majesty's Secret Service, not on Tesco's or Walmarts.

Turns out corporate spying is getting more common and more sophisticated. And compared with other rich countries, America has an unusually high rate of road deaths. Some American states try to scare drivers by reminding them how many people have died. But it turns out that this has an astonishing side effect.

First up, though.

As it became clear last night that France's President Emmanuel Macron was set to lose his parliamentary majority, it was those at the country's political polls who were celebrating.

It's less than two months since Mr. Macron's centrist platform convincingly won him a second term.

He'd asked voters to deliver him an equally convincing win in elections to the National Assembly

so that he could push through an ambitious set of reforms.

...