Colombia

Economics

Politics

Colombia's Constitutional Court unanimously struck down a tax on power generation companies and ordered the government to return the funds collected so far, El Pais reported on May 6. 

Colombia: Constitutional Court Overturns Tax Decree on Power Generators

China

Vietnam

India

Energy

Military & Security

India and Vietnam elevated ties to an enhanced comprehensive strategic partnership during Vietnamese leader To Lam's May 5-7 state visit, during which he and Indian Prime Minister Narendra Modi set a target to raise bilateral trade from $16 billion currently to $25 billion by 2030, according to a joint statement released on May 6.

Vietnam, India: Strategic Upgrade Expands Rare Earth, Defense Ties

United States

Iran

Israel

Iranian Foreign Minister Abbas Araghchi met Chinese Foreign Minister Wang Yi in Beijing, where Wang called for a ceasefire between Iran, the United States and Israel and warned that the Iran war was entering a critical phase, AP reported on May 6.

China, Iran: Beijing Presses Tehran on De-escalation in the Strait of Hormuz

Cuba

Russia

A sanctioned Russian tanker, the Universal, has drifted nearly 1,600 kilometers (1,000 miles) off the Cuban coast since mid-April, Bloomberg reported on May 5.

Cuba, Russia, U.S.: Russian Tanker Headed To Cuba Halts in the Atlantic

The White House reportedly believes the United States and Iran are close to agreeing to a one-page, 14-point memorandum of understanding that would permanently end the war, after U.S. President Donald Trump suspended the Project Freedom guiding mission in the Strait of Hormuz, citing progress in negotiations, Axios reported on May 6.

U.S., Iran: White House Optimistic About One-Page MoU With Iran, Suspends 'Project Freedom'

U.S.-Iran Relations

Venezuela

The U.S. Department of the Treasury announced on May 5 that it had issued a license allowing Venezuela to hire consultants and legal and financial advisers for debt restructuring negotiations.

Venezuela, U.S.: Washington Authorizes Caracas To Engage Advisers for Debt Restructuring

Europe

Representatives of the European Parliament, the European Council and the European Commission will meet to discuss the 2025 EU-U.S. trade agreement on May 6, Euronews reported the same day.

EU, U.S.: EU Trilogue Negotiations on U.S. Trade Deal To Commence

Ukraine

Ukrainian Prime Minister Yulia Svyrydenko said the U.S.-Ukraine Reconstruction Investment Fund had received 282 project financing applications from more than 15 countries one year after its creation under the U.S.-Ukraine minerals deal, The New Voice of Ukraine reported on May 5.

Ukraine, U.S.: Reconstruction Fund Draws 282 Project Applications One Year After Launch

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.

Sub-Saharan Africa

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

Algeria

Spain

Italy

A worker stands on the uploading dock of Cavaou LNG terminal in Fos-sur-Mer, France, on June 22, 2023, while the tanker boat "Lalla Fatma N'Soumer" arrives full of LNG ready to be delivered. 

Amid energy supply disruptions in the Middle East, Algeria's ability to capitalize on increased global prices and demand for energy exports will be constrained by limited spare capacity and bureaucratic obstacles.

Structural Constraints Will Limit Algeria's Ability To Capitalize on Tighter Energy Markets

Brazil

Environment, Science & Technology

The Geopolitics of Natural Resources

If Flavio Bolsonaro wins in October, his right-wing administration would largely abandon Brazil's environmental and climate commitments, accelerate extractive investments and projects, and pursue strong geopolitical alignment with Washington.

The Balance Between Environmental and Extractive Policies in Brazil's Presidential Election, Part 2

If President Lula wins reelection in October, his administration would continue balancing the promotion of green initiatives with the expansion of mining and drilling, while retaining strategic neutrality in the U.S.-China competition.

The Balance Between Environmental and Extractive Policies in Brazil's Presidential Election, Part 1

An oil tanker is seen docked in the southeastern Iranian coastal city of Chabahar, on the Gulf of Oman, in February 2019.

Chabahar is poised to transition from an ambitious commercial venture to a symbolic strategic asset, as India seeks to maintain long-term access and regional influence until sanctions conditions become clearer.

Expired U.S. Sanctions Waiver Threatens India's Chabahar Port Project in Iran

A Chinese vessel participates in oil exploration.

While China has so far fared well, persistent Strait of Hormuz disruptions would test its oil reserves and drive more defensive policies to secure growth, energy and export competitiveness.

Time Will Test China's Economic Resilience Against Iran War Shocks

United Kingdom

Prime Minister Sir Keir Starmer departs 10 Downing Street on April 29 in London. While a leadership challenge against the British prime minister is possible, policy continuity is likely no matter who governs.

While a leadership challenge against the British prime minister is possible, policy continuity is likely no matter who governs. Meanwhile, strong pro-independence gains are possible in Scotland and Wales, but not near-term independence.

Labour's Starmer Faces Bleak Local U.K. Electoral Prospects

Germany

Direction signs point to Germany and France in the town of Schengen where the 1985 European Schengen Agreement was signed on May 11, 2016 in Schengen, Luxembourg. 

The reintroduction of border controls by countries across the Schengen area is acting as a slow structural drag on the continent's economic competitiveness.


'Temporary' Schengen Border Controls Threaten Europe's Integrated Supply Chains

Japan

South Korea

Employees walk at the construction site of a gas metering station, part of the pipeline link between Bulgaria and Greece near the village of Malko Kadievo, on March 18, 2022. 

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: No U.S.-Iran Breakthrough, EU Ban on Spot Market Russian LNG

A digital illustration shows the euro currency symbol burning with a blue flame inside a gas stove. 

Brussels' strategy prioritizes temporary relief and coordination over broad market intervention, which will likely result in a fragmented response and sustained price volatility.

EU Outlines Energy Relief and Coordination Measures in Response to Iran-Linked Supply Shock

Snapshots

Romania

Romanian Prime Minister Ilie Bolojan delivers a speech to lawmakers in parliament in Bucharest on June 23, 2025.

The crisis could undermine fiscal consolidation and further empower far-right forces, potentially reversing Romania's EU alignment and harming its economic credibility.

Romania's Latest Political Crisis Threatens Fiscal Reform and EU Alignment

A general view of El Capitolio and the Havana skyline on December 16, 2014, in Havana, Cuba.

A recent unannounced U.S. diplomatic visit to Havana bodes well for a deal that reduces tensions, but Washington's ongoing demands for political and economic reforms will sustain the risk of a U.S. military and/or law enforcement operation.

U.S.-Cuba Talks Progress, but Threat of Military Action Still Looms

Egypt

The exterior facade of the new headquarters of Egypt's central bank is seen at the New Administrative Capital megaproject about 45 kilometers east of the current capital, Cairo, on Aug. 1, 2023. 

Egypt will try to avoid submitting to another IMF loan program, which would likely require unpopular austerity and privatization measures. But the escalating economic impact of the Iran war may eventually force its hand.

Economics

SITUATION REPORTS

Colombia: Constitutional Court Overturns Tax Decree on Power Generators

Vietnam, India: Strategic Upgrade Expands Rare Earth, Defense Ties

China, Iran: Beijing Presses Tehran on De-escalation in the Strait of Hormuz

Cuba, Russia, U.S.: Russian Tanker Headed To Cuba Halts in the Atlantic

U.S., Iran: White House Optimistic About One-Page MoU With Iran, Suspends 'Project Freedom'

Venezuela, U.S.: Washington Authorizes Caracas To Engage Advisers for Debt Restructuring

EU, U.S.: EU Trilogue Negotiations on U.S. Trade Deal To Commence

Ukraine, U.S.: Reconstruction Fund Draws 282 Project Applications One Year After Launch

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