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The Syrian powder-keg and geopolitical risk
David Goldman highlights the disconnect between subdued market risk assessments and escalating geopolitical tensions, particularly in Ukraine and Syria. Uncertainty persists as the Assad regime’s fall risks sparking jihadist threats against Russia and China.
Merz fails to see Germany’s core problem
Diego Faßnacht highlights Germany’s economic struggles, driven by high energy costs stemming from its closure of nuclear power plants, reliance on expensive US gas imports, and the loss of affordable Russian energy. These factors have accelerated de-industrialization.
Russia amasses frontline gains ahead of Trump 2.0
James Davis reports that Russian forces continue to dominate in Ukraine, achieving significant territorial gains in November 2024, with advances in the Kursk salient, Donbass, and southern fronts. Meanwhile, the collapse of the Assad regime in Syria complicates Russia’s position.
Japan’s grapples with a digital trade deficit
Scott Foster examines Japan’s growing “digital deficit,” a significant trade imbalance in digital services like software licensing, cloud storage, and online platforms, which surpassed ¥5.35 trillion in 2023 and is projected to reach ¥6.5 trillion this year.
