Headlines

Saudi-Pakistan defense pact more symbolism than substance

Saudi Arabia and Pakistan have signed a Strategic Mutual Defense Agreement (SMDA), which, according to a joint statement, “aims to develop aspects of defense cooperation between the two countries and strengthen joint deterrence against any aggression.” The agreement goes on to

Markets sleeping on US-China trade breakthrough

Surprisingly, investors around the world have largely overlooked the positive mood music emerging from US–China trade negotiations. Markets everywhere have yet to price in the upside. This complacency is striking as the two largest economies inch toward a trade settlement that