Economy & Markets
As Hormuz Reopens, Gulf Oil Producers Fight to Win Back Lost Markets
The Middle East's oil market is entering a new phase of competition as Gulf producers race to recover customers lost during the Iran war,...
Why Are India and the US Still Struggling to Close a Trade Deal?
India and the United States have once again failed to break through a prolonged impasse in negotiations over a bilateral trade agreement, underscoring the...
The Bond Market Is Now a Geopolitical Actor
Three Records in Two Days
On Wednesday, 1 October, the US 10-year Treasury yield hit 5.34%, its highest since 2002. The same day, Britain’s 30-year...
India-US Trade Talks Stall Again: What’s Holding Up a Deal?
Senior officials from India and the United States have acknowledged that their efforts to finalize a trade agreement have stalled once again. In February,...
US Pays 5.3%, China Lends at 1.7%: Who Wins as the Treasury Sell-Off Turns the Yuan Into the World’s Cheap Money?
Today’s Numbers
5.3% (US 10-year Treasury yield) · 1.70% (China 10-year government bond yield) · ¥358bn (offshore “dim sum” bond issuance, H1 2026). A gap...
Rising US Bond Yields Put Washington Under Pressure: What Comes Next?
The US government is facing increased borrowing costs, with long-term Treasury yields nearing their highest levels in twenty years. This situation is fueled by...
Houthis Hit Aramco, Iran Keeps Hormuz Shut: What Markets Are Pricing In for Oil, the Dollar and Europe’s Bonds This Week
TODAY'S NUMBERS: $102 (Brent crude) · 5.18% (US 10-year Treasury yield, Friday) · $4,137 (Gold, down 3% on the week). A wartime oil price...
Why Are Oil Prices Still Above $100 as Gulf Crude Exports Recover?
Oil markets are confronting a new kind of supply shock. The problem is no longer simply how much crude is available, but whether the...
The End of Cheap Money? Why Record Global Bond Yields Matter for the Global South
5.34% and a Finance Minister's Problem
On Thursday the yield on the 10-year US Treasury touched 5.34%, its highest since 2002. The same day, Britain's...
Why Are European Firms Funding the AI Race With Their Own Cash?
Europe wants to build a competitive artificial intelligence industry, but a new financing divide is emerging between European companies and their US counterparts.
While American...