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(Analysis) The European Union stands at a critical crossroads. Once a global powerhouse of innovation and economic strength, it now grapples with stagnation and declining competitiveness. Overregulation and underinvestment have stifled growth. If these trends persist, the EU risks becoming uncompetitive within a few years. Mario Draghi’s recent report underscores this alarming reality, and leaders […]
(Analysis) In the global race for technological supremacy, semiconductors have emerged as the most critical asset. These tiny chips power everything from smartphones to artificial intelligence (AI) systems and advanced military equipment. But behind China’s rise as a manufacturing powerhouse lies a glaring vulnerability: its deep reliance on the West and its allies—Taiwan, Japan, South […]
In a landmark move, Japan and the European Union have announced a comprehensive security and defense partnership. This groundbreaking agreement, unveiled on November 1, 2024, marks the EU’s first such pact with an Indo-Pacific nation. The alliance aims to bolster military cooperation through joint exercises and defense industry exchanges. EU foreign policy chief Josep Borrell […]
The Netherlands has taken a bold step in reshaping its immigration landscape. Prime Minister Dick Schoof’s right-wing coalition, which includes Geert Wilders’ Party for Freedom, has announced sweeping changes to asylum policies. These new measures aim to significantly reduce the number of asylum seekers entering the country. The government plans to shorten temporary residence permits […]
The China-Russia trade relationship has transformed significantly since the Russia-Ukraine conflict began in February 2022. Western sanctions on Russia have reshaped economic ties between the two nations, with China’s exports to Russia reaching new heights while imports decline due to payment complications. Chinese companies have quickly filled gaps left by departing Western firms in the […]
Russia has raised its wheat export tax by 41%, from 1,328.30 rubles to 1,872 rubles ($333) per metric ton, effective October 16, 2024. This change comes as the Agriculture Ministry held a private meeting with major exporters to discuss this year’s sales. The tax hike reflects higher prices for Russian wheat in Saudi Arabia’s recent […]