Bond markets aren’t buying the inflation-is-tamed fairy tale
Rout in inflation-protected Treasuries suggests a repricing of global debt that could be swifter and harsher than markets expect
What does it mean to win the AI race?
There will be no clear winner as US looks to build the most powerful AI while China seeks to make the tech ubiquitous
Baptism of Houthi fire for Mecca mutual defense pact
Saudi-Turkey-Pakistan making tentative first joint plans to counter Houthi attacks on Saudi territory and Red Sea infrastructure
Asia can’t just pipeline its way around Hormuz
Asia imports most of blockaded strait’s oil and gas, and Saudi and Emirati bypass pipes can carry only a fraction of those stunted flows
Final US military withdrawal from Iraq is a major bonus forย Iran
Withdrawal risks removing an important counterweight to Iran, leaving Tehran with a great deal of sway in Iraqโs political and economic affairs
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SEPTEMBER 25, 2026
Merz clings on as Germanyโs political center crumbles
- German state polls yield historic defeat, familiar paralysis
- Takaichi buries Abeโs Russia rapprochement
- Duma elections reinforce the political status quo
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