How the Euro Stopped Serving Germany

The common currency long powered Germany’s export machine. Today’s eurozone increasingly protects debtors, and Berlin risks gradua…

European Crisis: Sovereignty Cannot Be Imported

High debt and expensive energy are only symptoms. The real crisis is deindustrialization. Without factories of its own, Europe ris…

Oil Falls, Ferrari Hunts for Sound and Micron Rules AI

Oil is falling despite the Iran crisis, Ferrari is struggling to electrify emotion and Micron has become the latest star of the AI…

How Cheap Money Made Homes Unaffordable

The housing crisis is not just a failure of planning rules or slow authorities. Cheap debt helped push prices higher, turning home…

Musk, Mars and Market Amnesia

A record Dow Jones and a looming giant public offering of SpaceX stock are masking geopolitical tensions. Markets are betting on M…

Britain’s Bond Trap

The British lesson from Liz Truss to Keir Starmer shows that without investor confidence, many victorious politicians are governin…

Britain: The Country Where Motherhood Has Become a Crisis

For a growing number of women in Britain, pregnancy is no longer a milestone but a crisis. The country is approaching 300,000 abor…

Sudeten German Congress in Brno Reveals a Divided Czech Republic

The Sudeten German Landsmannschaft’s congress in Brno is not a threat to the Czech Republic, but it offers an ideal pretext. The r…

Artificial Intelligence Euphoria Collides With a Silent Bond Revolt

Bond yields are rising, stocks are being propped up by record leverage and investors are still waiting for a miracle. So why aren’…

Nvidia, Boeing and Geopolitics: Why Markets Lost Their Nerve

After the much-watched US-China summit produced few concrete results, bond markets are sounding the alarm. Rising yields in both t…

The Battle Over CEZ Is About More Than Energy

The Czech government is preparing a step that could reshape the ownership of energy giant CEZ, with the huge cost of the Dukovany …

The Balkans’ Demographic Trap: The Region That Exports Its Future

Southeastern Europe is losing people faster than it is gaining prosperity. Falling birth rates and a steady outflow of workers, sk…

The Balkans Between the Euro and Inflation: Why Romania Risks a Stagflation Trap

The Balkans are shaped less by historical fault lines than by monetary regimes. While some countries buy stability with the euro, …

Neither Expensive Oil Nor Rising Inflation Can Halt the Markets

With oil above $100 per barrel and inflation rising, Wall Street is betting on continued growth even as geopolitical risks mount.

Artificial Intelligence Is Rewriting the Rules of the Job Market

Investors are still betting on the AI boom despite rising oil prices and geopolitical risk. But in the US labor market, the first …

Old Before Rich: When Factories Run Out of Workers

For decades, cheap labor helped turn emerging markets into winners of globalization. Now falling birth rates are beginning to unde…

The Silent Crisis: When the State Works but Society Weakens

Falling birth rates mask a deeper crisis. From South Korea to Uruguay, states may appear to function, but high suicide rates point…

Wall Street Celebrates a Ceasefire That Is Not Yet Peace

Markets are being driven higher by euphoria over artificial intelligence and the prospect of a deal with Iran. But the bill for th…

Wall Street Hits Records as Inflation Risks Mount

The disconnect is widening: AI-driven gains are pushing Wall Street to record highs even as inflation and the Iran conflict weigh …

Who Runs the World Economy: America Has the Dollars, China Has the Factories

China has surpassed the United States in real output, but its path to lasting economic dominance is a race against time, slowing g…

Forget Oil: Wall Street Is the Dollar’s Real Backbone

US hegemony is no longer anchored in oil alone, but in the gravitational pull of Wall Street. Global capital continues to favor th…

Washington Sells Victory, Beijing Sells Stability

The battle for the world is now fought in the mind. The winner will be the power that tells a more convincing story about the futu…

A Divided Federal Reserve Meets an Expensive AI Boom

For the first time in a long time, something other than the actions of US President Donald Trump were affecting life on the financ…

Tesla's Numbers Dazzle but the Deadlines Tell a Different Story

The markets continue to lean towards the optimistic scenario on the Iran conflict — a mood reflected in further gains for both the…

The Pope and the End of Pontifical Improvisation

The era of personal activism is drawing to a close. Leo XIV tempers the Francis revolution and returns a divided Church to institu…

God, Man and Machine: Leo XIV Confronts Artificial Intelligence

Artificial intelligence is no longer merely a political issue. The current pope sees it as an anthropological threat: if we hand o…

Trump, Apple and the Fed: Markets Look Past Iran

Investors remain strikingly calm despite the conflict in Iran. Attention is shifting instead to political uncertainty in Washingto…

Markets Price in Peace That Does Not Exist

Markets are rallying on hopes of de-escalation in the Middle East – but falling gas prices, low storage levels and collapsing ship…

Hungary’s Family Policy at a Turning Point

Peter Magyar is taking over the country with the same goal as his predecessor: raising the birth rate. Orban’s family policy was a…

The Orban Bill: When Grand Promises Meet an Empty Treasury

Magyar promises a painless clean-up after Orban. But with an empty treasury and a depleted EU, rescuing the Hungarian economy will…

Who Benefits from the Iran Crisis?

Iran is fighting for survival, Israel is operating amid chaos, and US influence is waning. The result is a return to an era in whi…

Wall Street Buys the Peace Illusion While Oil Markets Panic

Optimism keeps stocks high, but oil prices signal a long road to normality. Physical scarcity is reshaping the market.

Markets Shrug Off Geopolitics, Stagflation Risk Builds

Geopolitics no longer scares markets, but creeping stagflation poses a growing risk, compounded by investment advice from a presid…

Moon as a Billboard: How NASA Is Helping Musk to Riches

The Artemis II mission is not only a return to the Moon, but also the launch pad for history’s biggest stock market debut. While E…

Who Will Make Money on the Moon?

Returning to the Moon promises huge profits, yet the biggest winners are out of reach. Investors must choose between diluted aeros…

The Iran Conflict and the Waning of Pax Americana

The US strike on Iran is not a sign of strength but of decline. The era of the petrodollar and cheap energy is ending. For Europe,…

Iran Crisis Fuels Illusion of Calm as Oil and Gold Signal Inflation

The Iran ceasefire has calmed markets. Yet elevated oil prices and a paradoxical rise in gold signal the return of an old enemy: i…

To get rich in markets, read the White House’s mood

The markets may be dancing to Trump’s tune, but the real threats lie in a creeping economic shock in Europe and a bursting private…

China's New Five-Year Plan Is a Survival Manual

GDP is no longer the main priority. China's five-year plan goes beyond growth, aiming to build a more self-sufficient economy in a…

Jiang Xueqin on the future of American power

According to the renowned political commentator Jiang Xueqin, survival in a darker world will require a retreat from individualism…

Euthanasia in an ageing world: from right to die to duty to die

Astronomical care costs and a mounting demographic crisis are reshaping the debate over euthanasia, posing a disquieting question:…

Euthanasia: little business for pharma, big money in wealth transfer

Assisted dying is not a gold mine for Big Pharma. The real end-of-life business today lies with private bankers and wealth manager…

Markets lose faith in Trump’s grip on the Iran conflict

The turmoil surrounding Donald Trump’s handling of the Iran crisis is rattling markets and pushing Europe towards stagflation. Tra…

Three horsemen of a downturn: war, oil shock and debt

The Iranian conflict is not unfolding as expected. The operation is taking longer than Donald Trump – and the financial markets – …

Oil trades on screens as flows collapse at sea

The Strait of Hormuz crisis is not only a price shock, but a rupture between paper markets and physical supply.

Hormuz disruption: the hidden market shock

A blockade of the Strait of Hormuz not only halts oil flows from the Persian Gulf, but also disrupts less visible commodities. A q…

Le Pen’s movement stalls at the gates of the big cities

France’s municipal elections have shed new light on the political landscape ahead of the 2027 presidential race, with the old mast…

Markets shrug off Iran war, but bonds flash warning

While equities remain calm, the bond market is already signalling rising concerns over US debt.

Oil sets the tone, gold falls, bitcoin holds steady – something is out of place in the market

The war is escalating, central banks are holding back and equity markets are pricing in peace. Yet gold is falling against expecta…

France’s red line

Reproductive progressivism is hitting its limits. Opposition to surrogacy has united conservatives and feminists in France.