Sanctions Meet Sovereignty: China Calls Washington’s Bluff
There are moments when the theatre of economic power gives way to something far more revealing: a test of credibility. This is one of them....
Category: Developped World
The War Without a Strategy
The United States is no longer negotiating with Iran. It is improvising against it. Donald Trump says he will review Tehran’s latest peace proposal, while...
NATO, Tariffs and the Slow Divorce of the Atlantic Alliance
The United States is no longer simply asking Europe to spend more on defence. It is starting to make Europe pay for disobedience. Donald Trump’s...
Japan’s Costly Battle Against the Yen’s Gravity
Japan has intervened. The yen has jumped. And the market is already asking the only question that matters: how long will it last? After months...
France at a Standstill: The Quiet Arrival of European Stagflation
France has not collapsed. That would at least be visible. It has simply stopped moving. In the first quarter of 2026, the French economy recorded...
The Illusion of Reversal: When Beijing Tries to Reclaim What Has Already Escaped
There are decisions that reveal power, and others that betray its limits. Beijing’s order to unwind Meta’s acquisition of Manus belongs, rather uncomfortably, to both...
Too Big to Rescue, Too Swiss to Ignore
Switzerland has finally done what it had long tried to avoid: it has chosen to confront UBS not with polite supervision, but with the brutal...
The Day the Market Stops Believing
There are warnings that belong to the realm of theory, and others that carry the quiet weight of experience. When Henry Paulson speaks about a...
The Empire of Threats Meets the Price of Reality
The war has entered its second month, and what is becoming visible now is not American strength, but American exposure. Over the weekend, missile strikes...