This episode is sponsored by Tradeu, the multi-asset platform that lets you trade with an institutional edge.

Get access to Jeffrey's research, trading view and analyst AI, all free with your trade-do account.

Tradeu, your trade, your move.

Explore more at tradeu.com.

Your capital is at risk, terms and conditions apply.

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.

Hello and welcome to the intelligence from The Economist. In London, I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

Today, Tunisians have the chance to vote on a new constitution.

It should be a chance to put the country's newish democracy on a firmer footing, but it won't.

It's designed to further cement creeping autocratic rule, so many will just stay home.

And for decades, Formula One was owned and run by one man, who believed the sport had no business moving into the digital age or into America.

With him out of the picture, the sport seems to be making inroads on the other side of the Atlantic.

First up, though,

Millions of tons of grain have been stuck in Ukraine since February,

hemmed in by a Russian blockade and captured ports

on the Black Sea and by Ukraine's own mines. Food prices have skyrocketed the world over,

...