International

New York City, in the United States: What drives valuation gaps between private and public markets

Unpacking China’s Strategy to Undermine US Dollar Dominance

China is seizing a moment of worldwide volatility to push forward its longstanding ambition of expanding the international reach of its currency, as financial upheaval, a weakening US dollar, and evolving political dynamics have produced conditions Beijing considers unusually favorable.In recent months, global markets have been rattled by a blend of political and economic forces, many linked to policy signals emerging from the United States. The renewed presidency of Donald Trump has injected fresh uncertainty into trade, monetary strategy, and international diplomacy. As investors attempt to account for these shifting conditions, the US dollar has slid to its weakest levels…
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Deconstructing Trump’s ‘Demolition’ of World Order

Deconstructing Trump’s ‘Demolition’ of World Order

The international system that has underpinned decades of relative stability is facing mounting stress. A new global security assessment warns that aggressive political disruption, driven largely by US leadership, is accelerating the erosion of long-standing rules, alliances, and shared norms.According to the Munich Security Report 2026, the world has entered a phase defined by what it describes as “wrecking-ball politics,” a style of leadership that prioritizes forceful disruption over continuity and consensus. The report argues that this approach is placing the postwar international order under its most severe strain since its creation, with consequences that extend well beyond traditional geopolitical…
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Why energy keeps getting used as a geopolitical tool

Understanding Energy’s Role in Geopolitics

Energy extends far beyond fuel and electricity, serving as the foundation for industry, transportation, household well-being, and military strength. Because of this central role, it becomes a particularly powerful instrument in international affairs. Governments, corporations, and nonstate actors leverage supply, pricing, infrastructure, regulation, and technological oversight to pursue strategic objectives. This behavior endures due to four persistent factors: the uneven global distribution of resources, the long lifespan of infrastructure and contractual arrangements, the rapid economic strain caused by supply disruptions, and the wide-ranging ripple effects on alliances and domestic political dynamics.Fundamental dynamics shaping energy geopoliticsSupply manipulation: producers can cut or…
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Why information manipulation threatens democratic stability

The Peril of Information Manipulation for Democracies

Democratic stability depends on informed citizens, trustworthy institutions, contested but shared facts, and peaceful transitions of power. Information manipulation — the deliberate creation, distortion, amplification, or suppression of information to influence public opinion or behavior — corrodes those foundations. It does so not only by spreading falsehoods, but by reshaping incentives, degrading trust, and weaponizing attention. The risk is systemic: weakened elections, polarized societies, eroded accountability, and an environment in which violence and authoritarianism gain traction.How information manipulation functionsInformation manipulation unfolds through several interconnected pathways:Content creation: fabricated or distorted storylines, altered photos and videos, and synthetic media crafted to resemble…
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