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Who Will Lead the UN After Guterres? The Race Nobody Is Watching Closely Enough

When António Guterres's second term expires on 31 December 2026, the United Nations will not simply be changing its chief executive. It will be...

Netanyahu’s Coalition Calculus: The Real Reason Gaza’s Ceasefire Keeps Failing

The story of Gaza's collapsing ceasefire is being told as a military story: strikes, violations, body counts. The more accurate story is a domestic...

Beijing Versus Washington: The New Economics of Iran’s Sanctions War

China is buying ninety percent of Iran's oil exports, settling transactions in renminbi, and hiding the rest beneath layers of shell companies. This is...

Moscow Just Named Its Price. Nobody Can Pay It

An Accountant in Asheville On 31 August, in Asheville, North Carolina, Anton Siluanov sat down at a G20 finance ministers' meeting for the first time...

Military Ambitions Challenge Paracel Islands Sovereignty

The eerie silence of the ocean When people think of the South China Sea, they usually picture deep blue waters, peaceful waves over beautiful coral...

How Two EU Vetoes Are Quietly Handing Russia a Win in the Sanctions War

TODAY'S NUMBERS $4,334 (gold, per ounce, near record) · $200bn (Russian reserves frozen at Euroclear) · Sept. 15 (deadline for the EU's Russia sanctions list...

Raymond Aron’s Warning for Northeast Asia: Close the Window of Opportunity

Raymond Aron died in 1983, long before China emerged as the US’ principal strategic competitor, North Korea acquired nuclear weapons that could threaten the...

The Benefits of ‘Expo’ Diplomacy

Expo isn't usually seen as a platform for international diplomacy. Conceived as a world's fair to showcase the achievements of nations, it has traditionally...

Venezuela’s Oil Deal Has a Guyana Problem — and an OPEC One

The August 28th oil deal's least-noticed effects run through two files nobody has read together: it gives Washington, for the first time, a direct...

Iran, Oil and a Hawkish Fed: Why the Dollar Is Winning the Week and Losing the Decade

TODAY'S NUMBERS 99.73 Dollar Index (DXY)   ·  4.81% US 10-year Treasury yield   ·  $4,304 Gold, per ounce All three are rising together — the...

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The Hidden Bill Behind Europe’s Defense Spending Boom

Europe's rearmament is being financed out of the welfare...

Netanyahu’s Coalition Calculus: The Real Reason Gaza’s Ceasefire Keeps Failing

The story of Gaza's collapsing ceasefire is being told...

Eastern Economic Forum: Russia Bets on Asia and the Global South

The Eastern Economic Forum (EEF) has been described as...

Norway’s $2.3 Trillion Fund Is Cutting Treasuries. Here’s Who’s Left Holding Washington’s Debt

TODAY’S NUMBERS $80bn (Norway fund’s proposed Treasury cut)   ·  ...
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