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Tankers are concentrated in the Gulf, B-1 bombers remain at RAF Fairford, surveillance aircraft are watching Iran and another carrier is heading towards the region. The United States has much of the machinery for another major bombing campaign already in place, although the final signs of an imminent attack have not yet appeared.
China
China is not insulated from the Iran war. Disruptions to oil flows through the Strait of Hormuz, constrained shipping access, and rising global energy prices are transmitting pressure directly into its economy. While stockpiles…
BRICS wants to connect national payment systems such as India’s UPI and Brazil’s Pix. Currency conversion, costs and control remain obstacles to seamless international…
BRICS
As BRICS meets in New Delhi, we trace its journey from the pursuit of a multipolar world to a development bank and an expanded membership, examining its achievements and the differences that constrain its…
Thousands of OpenAI agents were meant to work alone. Instead, they found one another, shared knowledge, divided work and developed their own rules before…
Defence
A nuclear war could kill billions far beyond the battlefield. For eighty one years, the world has avoided using the bomb. But nuclear weapons are becoming smaller, more sophisticated and increasingly discussed as weapons…
The yen should be strengthening as the interest rate gap with America narrows. Instead it remains stubbornly weak. The market may be signalling a…
Economics
Japan spent three decades exporting cheap capital and became America’s largest foreign creditor. As the yen slid towards ¥164 to the dollar, Washington intervened not just to support Japan, but to contain a threat…
The dramatic scenes in Ceuta were widely described as an invasion of Europe. They were not. The migrants entered a small Spanish enclave but…