
The recent thaw in relations could see Seoul and Tokyo deepen their economic and security cooperation in the coming months, but wartime grievances will impose an upper limit on cooperation.
The recent thaw in relations could see Seoul and Tokyo deepen their economic and security cooperation in the coming months, but wartime grievances will impose an upper limit on cooperation.
The delayed ballot will offer a key glimpse into the country's political climate since last year's mass protests, and could weaken its new government's ability to enact IMF-mandated reforms.
The proposal seeks to reduce energy price shocks for European consumers and boost investments in renewables, while avoiding major overhauls that could disrupt the bloc's market.
The French president's move to circumvent the National Assembly will limit his government's ability to enact future reforms and raise the risk of more disruptive protests.
Silicon Valley Bank's demise bodes ill for other mid-sized banks that took on excessive risks when interest rates were low. But the greater systematic impact should be manageable.
Pushback from other EU members is impeding Bucharest's bid to join the passport-free zone, which would have both economic and political consequences for the country.
The rejection of the controversial bill will reduce the intensity of recent demonstrations, but the country's greater path toward Western integration remains uncertain.
Internal crises in Spain's center-left government are harming its prospects ahead of regional elections in May, which will open the door to a right-wing victory in the December general elections.
Low-income and highly indebted countries will face the greatest challenges as the Fed and the ECB’s interest rate hikes slow their economies and increase global borrowing costs.
Tinubu will likely face a legal challenge to his victory that will prolong the already elevated risk of electoral unrest, though he'll almost certainly still take office in May.
The deal marks a key first step in avoiding another conflict in the Balkans. But the true test will be getting Belgrade and Pristina to ink a legally binding comprehensive agreement.
The $13.9 billion bailout may save the country's embattled grid operator from a debt default, but socially and economically disruptive power outages will persist in the short to medium term.