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The Middle Corridor’s Real Winners Aren’t Armenia and Azerbaijan
On September 10, 2026, US Congressman Abraham Hamadeh told reporters an Armenia-Azerbaijan peace treaty would arrive “a lot sooner rather than later.” Eighteen months...
America Now Pays 5% to Borrow: Where Japanese, Norwegian and Gulf Money Is Going Instead
TODAY'S NUMBERS
5.17% (US 10-year yield, highest since 2007) · 54.3% (indirect bid at Wednesday's five-year auction; average 65.2%) · $1.10trn (Japan's Treasury holdings, down...
The Kingdom With No Exit
On September 11, drones launched from Iraq struck Saudi Arabia's East West Pipeline, the 1,200 kilometer link that carries up to seven million barrels...
Blue Waterways: Reconnecting Europe Through Its Rivers
Europe has spent decades building connectivity on land. High-speed railways, motorways, bridges, tunnels, ports and logistics hubs have transformed the continent into one of...
Did Xi Jinping Outplay Trump Before the White House Talks Even Began?
A tarmac welcome, a paused Taiwan arms package and a trade truce that conveniently outlasts the midterms. Trump's White House summit with Xi Jinping...
The Two Vacuums: Who’s Really Replacing China in Africa
On September 22, 2026, Russia's Africa Corps fired a Ukraine-war-model Molniya kamikaze drone at al-Qaeda-linked fighters besieging its position near Dioura, in Mali's Mopti...
Treasuries Break 5% as the Fed Turns Hawkish: What Happens to the Dollar, Gold and America’s Borrowing Power?
TODAY'S NUMBERS
5.06% (US 10-year Treasury yield, highest since 2007) · 100.9 (Dollar index, seven-week high) · 1,000+ tonnes (China's gold imports, January–August)
The world is...
The Blackout That Sparked a 55-Nation Satellite Arms Race
At a space-security summit in Paris this month, Novaspace chief executive Pacôme Révillon put a number on something most of the room already suspected:...
Germany’s Zeitenwende: The Turning Point Before 2029
On February 27, 2022, three days into a war nobody in Berlin had planned for, Olaf Scholz walked into an emergency session of the...
Beijing’s Two-Track Money Play: A Stronger Yuan for Washington, a Harder Line on Belt and Road Debt
Today's Numbers
$126.4bn (China's record H1 2026 Belt and Road engagement) · 8 (straight sessions of a stronger PBOC yuan fix, the longest streak since...