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Economy

Tariffs, debt, inflation, and markets: who pays the bill, and when.
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329 pieces
COMMENTARY: Russia exports more oil and earns less — the war economy in a spiral
Commentary· No. 1779

COMMENTARY: Russia exports more oil and earns less — the war economy in a spiral

4.13 million barrels per day at sea, $1.9 billion in revenue: these numbers tell a story Putin does not want his citizens to hear.…

REPORT: China's PMI Rebounds to 50.3 — AI Exports Are Carrying an Economy That Domestic Demand Cannot
Reportage· No. 1767

REPORT: China's PMI Rebounds to 50.3 — AI Exports Are Carrying an Economy That Domestic Demand Cannot

50.3. One decimal point above stagnation. In any other context, that would be unremarkable. In China's current economic environment — real estate crisis, weak…

NARRATIVE: China is stealing American AI — while Washington looks the other way
Reportage· No. 1745

NARRATIVE: China is stealing American AI — while Washington looks the other way

A report says China is stealing more than half of America's military-civil technologies. The FBI confirms hundreds of billions in annual losses. And the…

ESSAY: NATO Ankara, July 2026 — The Alliance Survives Trump, Ukraine Awaits Its Guarantees
Essay· No. 1730

ESSAY: NATO Ankara, July 2026 — The Alliance Survives Trump, Ukraine Awaits Its Guarantees

This conversion of Atlanticist discourse into economic argument is both clever and troubling. It may work with Trump. It also means the alliance's value…

COLUMN: One more year — the EU extends its sanctions against Russia through July 2027
Column· No. 1713

COLUMN: One more year — the EU extends its sanctions against Russia through July 2027

Economic sanctions do not win wars on their own. But they deprive the adversary of resources, complicate its military imports, and impose a political…

COLUMN: Zelensky cuts Belarus drone relays — the most silent of victories
Column· No. 1706

COLUMN: Zelensky cuts Belarus drone relays — the most silent of victories

What strikes me about this episode is the economy of means. Zelensky did not fire a missile. He asked a public question, set a…

NARRATIVE: China Declares Economic War on Japan — 20 Entities Blacklisted
Reportage· No. 1695

NARRATIVE: China Declares Economic War on Japan — 20 Entities Blacklisted

There is something almost clinical about the way Beijing wields these blacklists — like a surgeon who cuts precisely, never slashing. It is a…

FACT-CHECK: Gdańsk Summit — 5% of GDP, support for Ukraine and Eastern Flank Watch, what is true
Analysis· No. 1678

FACT-CHECK: Gdańsk Summit — 5% of GDP, support for Ukraine and Eastern Flank Watch, what is true

On June 25, 2026, seven nations on NATO's eastern flank gathered in Gdańsk to sign a joint declaration. The announcements spread quickly:

DECODING: China Arms Its Rare Minerals Monopoly — The Reporting Mechanism That Changes Everything
Analysis· No. 1647

DECODING: China Arms Its Rare Minerals Monopoly — The Reporting Mechanism That Changes Everything

On June 24, 2026, China's Ministry of Commerce (MOFCOM) published Announcement No. 26, which entered into force on July 1, 2026. This

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