Prince Michael of Liechtenstein

  Last week, the budgetary initiative of United States President Donald Trump’s administration, dubbed the “One Big, Beautiful Bill,” was successfully passed into law. This development prompts us to reflect on the current state of global economies, even as the intense criticism surrounding the bill may be misguided. Looking at macroeconomic data, it becomes obvious […]

Some Western capitals appear to nourish hopes that it might be possible to drive a wedge between Russia and China – an inversion of what President Richard Nixon and Henry Kissinger achieved in the 1970s when aligning with China against the Soviet Union. Russia is both a European and an Asian country, stretching across 11 […]

  The United States’ Operation Midnight Hammer destroyed much of Iran’s three main nuclear facilities with bunker-buster bombs – heavy devices that can penetrate roughly 80 meters of stone. The attack may not have annihilated every element of Iran’s nuclear program, but it certainly has inflicted a major setback. In recent years, the world has experienced a […]

  The Israeli Air Force conducted several operations in Iran, with intelligence services deploying drones during the nights of June 12-13 and has continued in subsequent days. These attacks followed the collapse of negotiations between the United States and Iran over a new agreement aimed at limiting Tehran’s nuclear weapons development. As tensions escalated after the […]

  Human productivity has increased manyfold through technological advances, creating widespread prosperity. The resulting scientific and technical progress and innovation is mostly found in the developed world, yet even less affluent parts of the global population today can afford consumption and an ease of life which in the past was reserved only for the very […]