The European Union had promised to ban the sale of new diesel and petrol vehicles by 2035, as part of its environmental ambitions. Yesterday it watered down that commitment. Our correspondent explains the implications. Will Donald Trump’s choice of <a href="https://www.economist.com/leaders/2025/12/02/chris-waller-not-kevin-hassett-should-lead-the-federal-reserve?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Federal Reserve</a> chair politicise the institution? And The Economist announces its <a href="https://www.economist.com/culture/2025/12/03/and-the-economists-word-of-the-year-for-2025-is?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">word of the year</a>.Listen to what matters most, from global politics and business to science and technology—<a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">Subscribe to Economist Podcasts+</a>For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account.

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