China

Economics

Politics

Various Chinese government departments published plans to expand "urban renewal" infrastructure projects on May 20, with the finance ministry allowing the use of local government special-purpose bonds for such projects and encouraging policy banks to support these projects, Jiemian reported the same day.

China: Beijing Pushes Urban Renewal to Counter Property, Employment Woes

Uganda

Military & Security

Uganda's parliament passed the controversial Uganda People's Defence Force (Amendment) Bill and the Political Parties and Organizations (Amendment) Bill, The Daily Monitor reported on May 20.

Uganda: New Laws Facilitate Civilian Trials in Military Courts, Curb Public Financing of Parties   

Belgium

Russia

The European Union on May 20 adopted its 17th sanctions package against Russia, targeting nearly 200 vessels linked to Moscow's so-called shadow fleet used to bypass Western oil sanctions, Reuters reported the same day.

EU, Russia: EU Adopts 17th Russia Sanctions Package, Eyes Tougher Energy Measures 

United States

Europe

Ukraine

Energy

Russia-Ukraine Conflict

European Commission President Ursula von der Leyen announced that the European Union was working on a new package of sanctions against Russia that would target the Nord Stream 1 and 2 pipelines, more vessels linked to Russia's shadow oil tanker fleet, and the country's financial sector, as well as further reduce the oil price cap, Reuters reported on May 16.

EU, Russia: Von der Leyen Floats New EU Sanctions on Russia, Including on Nord Stream Pipelines

Thailand

Vietnam

Thai Prime Minister Paetongtarn Shinawatra and Vietnamese Prime Minister Pham Minh Chinh announced their countries have officially elevated bilateral relations to a comprehensive strategic partnership, marking the highest level of diplomatic ties short of a military alliance, Vietnamese state-run Bao Chinh Phu reported on May 16.

Vietnam, Thailand: Governments Upgrade Ties to Top Tier

Syria

U.S. Secretary of State Marco Rubio said that the United States would look to issue a 180-day waiver for Congressional sanctions on Syria, with eventual aspirations to permanently remove the sanctions, though that would require Congressional approval, Bloomberg reported May 16. 

U.S., Syria: Trump Administration Pushes for 180-Day Sanctions Waiver

Australia

Australian Trade Minister Don Farrell said Canberra would resist U.S. pressure to reduce trade with China, emphasizing that China remains Australia’s largest export market by a wide margin, The Australian Financial Review reported on May 15.

Australia, U.S., China: Canberra Rejects U.S. Trade Pressure on Beijing

Sub-Saharan Africa

U.S. President Donald Trump is planning to hold a trade and investment summit with African heads of state and government before the end of 2025, The Africa Report reported May 14.

U.S., Africa: Trump to Hold U.S.-Africa Trade and Investment Summit by Year-End 

The world is connected, but even the broadest topics deserve an individual look. Below are our latest and most relevant economics analyses.

Below are our latest and most relevant economics analyses.

Americas

Asia-Pacific

Eurasia

Middle East and North Africa

South Asia

Beyond Quantitative Easing

The New Silk Road

The Fate of the Eurozone

South America: Split Decisions on Trade

Banking

Commodities: A Cautionary Tale

Social Issues

European Disintegration

Russia's Internal Struggle

China in Transition

A Japanese Awakening

East African Integration

Assessments

Nigeria

A worker inspects an oil drilling platform located roughly 35 kilometers away from Port Harcourt in the Niger Delta. 

The recent drop in global oil prices risks exacerbating Nigeria's already high inflation, which would ripen socioeconomic conditions for protests and threaten to fuel recruitment by jihadist and bandit groups.

Can Nigeria Navigate Lower Oil Prices? 

Columns

On Geopolitics

Visitors walk down the inclined shaft at Steenkampskraal rare-earth mine on July 29, 2019, about 80 kilometers (about 50 miles) from Vanrhynsdorp, a town in Western Cape province, South Africa.

Environment, Science & Technology

Global Trade

U.S.-China trade tensions are increasing the risk of supply chain disruptions for critical raw materials, but companies can take steps to mitigate this danger.

Corporate America Comes to Grips With Supply Chain Risks to Critical Raw Materials

U.S.-China Relations

Iran

Jordan

Supporters of the Muslim Brotherhood in Jordan hold the movement's flag during a demonstration in the capital, Amman, on Nov. 28, 2014.

Militant factions of the Muslim Brotherhood will likely go underground in Jordan following the government's ban on the organization, but Iranian influence and persistent socioeconomic grievances will sustain risks of violence.

In Jordan, a Ban Pushes the Muslim Brotherhood Underground

United Kingdom

A digital illustration of the U.K. and EU flags.

The agreements will institutionalize defense cooperation and ease trade frictions, though lingering political constraints will limit deeper integration in the near term.

The U.K.-EU Deal Signals a Strategic Recalibration of Post-Brexit Trade and Defense Relations

Peru

Peruvian President Dina Boluarte delivers an address in Lima on July 28, 2024.

The potential for reduced political volatility once a new president takes office in July 2026, combined with efforts to reduce bureaucratic red tape, could help the country attract foreign investment, especially in its crucial mining sector.

In Peru, Greater Political Stability Could Unleash Economic Growth

Azerbaijan

Belarus

Kazakhstan

Russian President Vladimir Putin (R) and Vietnamese Communist Party General Secretary To Lam (L) address journalists following their talks in Moscow, Russia, on May 10, 2025, during celebrations of the 80th anniversary of the Soviet Union's victory over Nazi Germany in World War II. 

Vietnam is strengthening its relationships with Eurasian countries, especially Russia, as it looks to further diversify economic and energy ties away from great powers amid an unstable geopolitical landscape.

Russia-Vietnam Ties Are Set To Grow Following Lam's Eurasia Tour

For export-reliant developing countries that were already facing financial distress, the global uncertainty created by Trump's sweeping tariffs will sharply increase economic risks, as well as introduce political instability risks.

 Trump's Tariffs Will Hit Developing Economies Hard

India

Pakistan

The Bombay Stock Exchange building May 7 in Mumbai, India. If military hostilities were to resume and lead to a prolonged conflict, Pakistan would be far less well-positioned than India to sustain it from an economic and financial perspective.

If military hostilities were to resume and lead to a prolonged conflict, Pakistan would be far less well-positioned than India to sustain it from an economic and financial perspective.

The Economic Case for an India-Pakistan Ceasefire

Snapshots

Containers are seen at China's Lianyungang port in eastern Jiangsu province on May 1, 2025. 

Although the U.S.-China trade deal will bring short-term economic relief, negotiations over a broader agreement will remain fraught, particularly since the rapid reduction of U.S. tariffs will embolden China to implement strong retaliation when talks falter.

Despite Tariff Reprieve, a Broader U.S.-China Deal Will Remain Elusive

U.S. President Donald Trump -- flanked by Vice President JD Vance (left) and Peter Mandelson, the U.K. ambassador to the United States (right) -- holds a phone call with U.K. Prime Minister Keir Starmer in the Oval Office of the White House on May 8, 2025. 

The agreement's narrow scope and quota system suggest the White House remains intent on restricting imports, meaning tariff relief for most other countries reaching deals will also be limited.

Trump Reaches First Post-Tariff Trade Deal With the U.K.

Poland

Supporters of the PiS party demonstrate April 12 in Warsaw, Poland. Poland will hold a presidential election May 18 and runoff June 1 if no candidate obtains more than 50% in the first round.

The outcome of Poland's election will determine whether Prime Minister Donald Tusk's centrist government will coexist with a cooperative president or continue to face institutional constraints from an ideologically opposed president.

Poland's Election: Potential Outcomes and Their Implications

Global Elections

Iraq

Saudi Arabia

The OPEC logo is seen outside the bloc's headquarters in Vienna, Austria, on Oct. 4, 2022.

The production boost will further decrease oil prices, which will provide some financial relief for oil-consuming countries affected by U.S. tariffs, while further straining the budgets of poorer oil producers like Iraq. 

The Mixed Economic Impact of OPEC's Production Increase

Economics

SITUATION REPORTS

China: Beijing Pushes Urban Renewal to Counter Property, Employment Woes

Uganda: New Laws Facilitate Civilian Trials in Military Courts, Curb Public Financing of Parties

EU, Russia: EU Adopts 17th Russia Sanctions Package, Eyes Tougher Energy Measures

EU, Russia: Von der Leyen Floats New EU Sanctions on Russia, Including on Nord Stream Pipelines

Vietnam, Thailand: Governments Upgrade Ties to Top Tier

U.S., Syria: Trump Administration Pushes for 180-Day Sanctions Waiver

Australia, U.S., China: Canberra Rejects U.S. Trade Pressure on Beijing

U.S., Africa: Trump to Hold U.S.-Africa Trade and Investment Summit by Year-End

Forecasts

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