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In a nutshell China’s close ties to Russia prevent it from being a credible mediator in the Ukraine war Beijing appears to be making a second attempt at peacemaking to court the West These endeavors may not prove convincing to Western countries   Observers familiar with Chinese President Xi Jinping’s governance style have grown used […]

  The Houthi rebels in Yemen announced that they may no longer limit themselves merely to attacking ships in the Red Sea – they might also carry out missile strikes in the Mediterranean. This escalation presents an additional threat for Europe, yet reactions are, for now, minimal in European capitals. The war in Ukraine dominates […]

In a nutshell Conflict fatigue is prompting new approaches to fund Ukraine aid Seizing Russian assets could undermine Western currencies The West cannot easily avoid hard financial choices over the war   For more than two years, Ukraine has been defending itself against the onslaught of the Russian invasion. For just as long, the West […]

  Nobody can be a great economist who is only an economist – and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger. F.A. von Hayek   TAKE AWAY Nobel Laureate Friedrich A. von Hayek was arguably the most seminal […]

In a nutshell Demographic decline and low consumer spending have held back growth However, recent market trends could signal an upturn The weak yen will likely boost investments and benefit the government   For much of the 1970s and 1980s, experts predicted that Japan would eventually surpass the United States as global hegemon, and that […]