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Politics & Economy

Professional illustration showing a world map with glowing digital currency symbols (Dollar, Euro, British Pound, Yuan) connected by luminous network lines. A data panel displays currency usage percentages: Dollar 45-50%, Euro 20-25%, British Pound 5-6%, Yuan 4-5%. The image features a blue-purple gradient background with blockchain network visualizations, representing the intersection of traditional and digital currencies in international trade

Digital currencies and the battle for global trade power

Traditional currency hierarchies face unprecedented disruption as central bank digital currencies emerge, fundamentally altering cross-border payment systems while established powers like the dollar maintain dominance through technological adaptation rather than resistance

High-tech BYD automotive factory with robotic arms assembling car bodies in a modern, automated production line

Beijing on the Danube

Hungary’s unapologetic embrace of China defies Washington’s pressure, all while Viktor Orbán bets on economic alchemy to deliver political dividends by 2026—and maybe a second EV revolution

Black-and-white portrait of Pope Francis waving with a gentle smile, symbolizing his pastoral approach and enduring legacy

The quite earthquake

Pope Francis (1936–2025) passed away on April 21, 2025, during Easter week. His death marked a profound pause for the Catholic Church

Shanghai skyline featuring the Oriental Pearl Tower under streaking clouds, symbolising China’s fast-paced economic activity and modern urban transformation

Silk, steel, and stimulus

As global markets tiptoe through tariff turbulence, China posts upbeat numbers—though the real story lies beneath the polished headline figures

Vintage 1905 political cartoon depicting American and German workers thriving while a British worker stands unemployed with his daughter, promoting tariff reform over free trade

The tariff mirage

Prompted by Duncan Weldon’s recent analysis in Engelsberg Ideas, this piece explores how Joseph Chamberlain’s tariff crusade failed to redefine Britain’s economic leadership

Stacked shipping containers with “125%” painted prominently on their sides, symbolizing newly announced U.S. tariffs on Chinese imports under Trump’s trade policy

A 125% performance: The theatre of trade tariffs

As tensions escalate over trade tariffs, China’s response to Trump’s moves seems more like a well-rehearsed act in a global theater. But beneath the drama, a real strategy is emerging