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The Myth of a Multipolar World: Why the Global Order Is Becoming More Bipolar, Not Less
The idea that the world is becoming multipolar has acquired the status of conventional wisdom. It is repeated by governments, international organizations, business leaders,...
Söder’s Loyalty to Merz Is Real. It’s Also Free
Within days of the CDU's worst-ever state election result, CSU leader Markus Söder ruled out any move against Chancellor Friedrich Merz "under no circumstances,"...
Europe Reopens the Frozen-Assets Fight: Who Wins If Russia’s €210 Billion Finally Moves?
TODAY'S NUMBERS
$4,307 (gold, a record) · 4.99% (US 10-year Treasury yield, a 19-year high) · $104.59 (Brent crude, down for a second day). Record...
The Most Dangerous Number in Germany’s Sunday Votes Isn’t the AfD’s
In Mecklenburg-Vorpommern, incumbent SPD premier Manuela Schwesig leads her AfD challenger, Leif-Erik Holm, 60% to 25% in head-to-head polling. It is not close. And...
The Fed’s First Hike in Three Years: Why the Dollar and Gold Are Rising Together
TODAY'S NUMBERS: 5.00% (US 10-year Treasury yield, first close above that level since 2023) · 99.5 (Dollar Index, its highest in weeks) · $4,300...
France Offered Europe a Nuclear Umbrella. Nobody Has Checked What’s Actually Under It
When Emmanuel Macron stepped up at the Île Longue submarine base on 2 March 2026, he was not simply updating French defense doctrine. He...
Riyadh Asked for Direct Protection and Washington Said No — That Answer Is the Story
By offering Saudi Arabia intelligence and targeting help but declining direct military protection after the East-West pipeline strike, Washington has quietly redefined the 80-year...
China Tightens Capital Controls the Same Week It Calls the Yuan’s Rise “Irreversible”
TODAY'S NUMBERS: $126.4bn (BRI engagement, H1 2026, a record) · 3.1% (yuan's share of global payments, June 2026) · $50,000 (China's unchanged annual FX...
Andy Burnham’s Anti-Farage Strategy Is Accelerating the Outcome It’s Meant to Prevent
By refusing to call a snap election while Labour is ahead of Reform UK, Burnham is trading the only moment he is likely to...
Trump’s Silence on Hormuz Is Now a Fed Problem: What Markets Are Pricing In This Week
TODAY'S NUMBERS: $108 (Brent crude) · 4.98% (US 10-year Treasury yield) · $4,330 (Gold) Oil is pricing a wider Gulf war, yields are pricing...