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The free market is falling apart. That we all know. Lamentations on the current state of affairs abound. The free market has immiserated the middle class. The free market has created oligarchs. The free market has de-industrialized the Western world. The free market has been gamed by China.
MANILA – Soon after Lai Ching-te won Taiwan’s January 13 presidential election, Philippine President Ferdinand Marcos Jr made an unprecedented congratulatory call to the independence-leaning new leader who’s firmly in Beijing’s crosshairs.
Rumors are making the rounds in Kiev that Ukrainian President Volodymyr Zelensky will fire the head of his armed forces, General Valerii Zaluzhny.
As the Houthi militant group in Yemen ramps up its attacks on vessels in the Red Sea – ostensibly in response to what it calls Israel’s “genocidal crimes” in Gaza – the US and UK have responded with multiple military strikes in the last week. The US has also re-listed the group as a global terrorist organization.
How worried should European citizens be in countries that have come to expect unprecedented levels of security and safety? If the many warnings currently circulating are to be believed, then the answer looks grim.
While broadly touted as the future of shipboard point and missile defense, laser weapons have been glaringly absent in the US-led coalition strikes against Iranian-supplied drones and missiles used by Houthi forces in Yemen to attack commercial vessels and warships in the Red Sea.
In a striking display of advanced military capabilities, North Korea and Iran have made significant strides in their ballistic missile programs, posing new challenges to global security dynamics.
The startling divergence between China’s 5.2% growth and cratering stock market is putting Asia’s biggest economy in global headlines for all the wrong reasons.