Headlines

Stalemate, decline, and industrial resolve

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Kyiv’s red lines keep Ukraine war locked in stalemate James Davis reports that US–Ukraine talks failed as Kyiv rejected territorial concessions and sought security

Indonesia among big losers of the end of cheap yen

The Bank of Japan’s interest rate hike, raising the benchmark rate to its highest level in 30 years, was the tremor Indonesia had long feared but hoped to delay. By increasing its short-term rate to 0.75%, BOJ governor Kazuo Ueda has done more than stabilize the yen; he has

Canada’s time to ditch US and go with China

US President Donald Trump has mused about destroying Canada’s economy as a prelude to annexing the country and making it America’s “51st state.” Trump threatened to increase tariffs on Canadian products after seeing an anti-tariff TV advertisement sponsored by the government of

Why the US dollar is so sticky

Harvard historian Mary Bridges, the author of Dollars and Dominion, explains why the world is likely to stay dollar-centric even as China, Russia, India and many countries try to toggle away from the greenback and into rival currencies like the yuan or the euro.

Taking the other side of the anti-India bet

In 2004, The Economist predicted that India’s economic growth rate would overtake China’s in two decades. In 2010, in an article called “India’s surprising growth miracle”, they shortened that timeline dramatically, declaring that India might overtake China in terms of GDP

Sand seas add grit to China-Mongolia relations

Dust storms regularly affect northern China, including its capital Beijing. In recent years, Chinese scientists and officials have traced the source of the dust storms to its neighbor Mongolia. Much of the dust over Beijing in the spring of 2023, for example, originated from