Economy
Why Are Global Bond Markets Selling Off?
Government bond markets across major economies are facing a broad selloff as investors worry about persistent inflation, higher interest rates and growing government debt....
Is BRICS Really Ditching the Dollar? What the Data Shows
BRICS de-dollarization is real but narrow: it is happening bilaterally, mostly under Russia and Iran's sanctions duress, while the instruments meant to make it...
Beijing’s Currency Playbook: Cap the Yuan, Buy the Gold, Build the Pipes Around the Dollar
TODAY’S NUMBERS 6.7828 (Monday’s PBOC yuan fix, near-flat) · 21 (months of PBOC gold buying, a record) · <3% (yuan’s share of SWIFT payments,...
Rare Earth’s New Middlemen: Why Indonesia, Kazakhstan, Vietnam and Morocco Can’t Escape Dependency
On 1 July, China's Ministry of Commerce quietly turned rare earth export control from paperwork into something closer to a criminal exposure. MOFCOM Announcement...
Trump’s Economic D-Day Threatens Everyone Except China
On Truth Social, Donald Trump announced what he called the most crushing economic operation the United States had ever mounted, promising Iran "economic warfare...
Nauru Built the Only Door Into Deep-Sea Mining — Washington Just Opened a Second One
On 19 November, the United States plans to auction two seabed blocks off American Samoa — more than 31 million acres combined — for...
Is the G20 Becoming a Bilateral Summit With Extra Chairs?
The G20 was cartographed because the world economy had become too interconnected to be managed by a handful of powerful states. In 2026, that...
Sovereign Wealth Comes Home: Why Jakarta, Riyadh and Kuwait Are Pulling Their Money Back
TODAY'S NUMBERS: $6.8bn (Danantara's remittance to Jakarta's budget) · 20% (Saudi PIF's new overseas-investment ceiling, down from 30%) · 5.65% (Danantara's average bond yield)....
Linking Development with Migration: The Economics of Prevention
Some ideas are born in institutions. Others leave the institution with the people who first developed them. The idea of a diaspora hedge fund...
Frozen Russian Assets, Take Two: What Europe’s Revived €210 Billion Plan Means for Ukraine, Belgium and the Euro
TODAY'S NUMBERS
€210bn (frozen Russian assets Brussels wants to mobilize) · €90bn (fallback EU loan already agreed) · €23.1bn (Ukraine's funding gap even with that...