United Kingdom

Cyber

Economics

Environment, Science & Technology

Politics

The United Kingdom plans to move forward with legislative proposals to counter ransomware, according to the Home Office's formal government response to consultations with the private sector launched in January.

U.K.: Government Proposes Ransomware Payment Ban on Public Sector

United States

China

Philippines

Vietnam

Military & Security

China and Vietnam will conduct their first-ever joint army training in China's Guangxi province in late July, focusing on coordinated border patrol operations, according to a statement from China's Ministry of Defense on July 19.

China, Vietnam: First-Ever Army Drill Points to Tactical Rapprochement, Strategic Hedge

Europe

The European Union will require the United Kingdom to provide compensation for a percentage of the value of any arms bought from British companies under the bloc's new 150 billion euro ($175 billion) Security Action for Europe, or SAFE, project, the Financial Times reported on July 21.

U.K., EU: Brussels To Demand Compensation From London Under SAFE Defense Spending Program

Iraq

Turkey

Energy

Turkey will not renew the 1973 Iraq-Turkey oil pipeline agreement, and the agreement will be "terminated" due to underutilization on July 27, 2026, according to a presidential decree published in Turkey's official gazette on July 21.

Turkey, Iraq: Turkey To Terminate Iraq-Turkey Oil Pipeline Agreement in July 2026

Mexico

The United States will require Mexican airlines to file schedules with the Department of Transportation (DoT) for all their U.S. operations and seek prior approval for any large passenger or cargo charter flights to or from the United States, El Economista reported July 19.

U.S., Mexico: Air Transport Dispute to Disrupt Travel, Unlikely to Strain Bilateral Ties

Following the conclusion of the long-anticipated "crypto week," the U.S. House of Representatives celebrated a major legislative victory on July 17 with the passage of the GENIUS Act, which U.S. President Donald Trump is expected to sign into law by July 18, CBS News reported the same day.

U.S.: 'Crypto Week' Wraps Up With One Major Legislative Victory, Other Bills Go to Senate

Russia

EU member states approved the bloc's 18th sanctions package against Russia, introducing a revised dynamic oil price cap, expanded banking restrictions, sanctions on the Nord Stream gas pipelines and curbs on imports of oil products refined from Russian crude, Reuters reported on July 17.

EU, Russia: EU Approves 18th Sanctions Package Against Russia

U.S. bank Wells Fargo temporarily suspended all corporate travel to China after a company executive was hit with an exit ban, Reuters reported on July 18.

China, U.S.: Wells Fargo Suspends China Travel After Executive Hit With Exit Ban

U.S.-China Relations

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

Flags of EU countries are seen outside the European Parliament building in Brussels, Belgium, on April 5, 2025.

The proposed budget prioritizes competitiveness, defense and strategic autonomy, but it will face significant internal resistance regarding revenue sources, spending cuts and greater centralization.

Reviewing the 2028-2034 EU Budget: New Priorities and Anticipated Pushback

South Africa

Japan

 The European Union and China will hold a high-level leaders' summit July 24 in Beijing, marking the 50th anniversary of Chinese-EU diplomatic relations.

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

The Weekly Rundown: An EU-China Summit, South Africa's Budget Vote

Euro banknotes lie atop U.S. dollar banknotes.

Global Trade

The dollar's depreciation against the euro will likely persist due to U.S. trade and fiscal policy uncertainty, which will hurt European exports but also reduce the risk of destabilizing U.S. financial policies.

Making Sense of Dollar Weakness and Euro Strength

Snapshots

Indonesia

Containers are unloaded from a ship at a terminal of Tanjung Priok Port, the main seaport in Jakarta, Indonesia, on Jan. 24, 2025. 

In exchange for a lower U.S. tariff rate, Indonesia accepted significant concessions, including purchasing commitments and regulatory changes, that risk limiting its long-term autonomy and industrial policy goals.

To Avoid Steeper Tariffs, Indonesia Reaches High-Stakes Trade Deal With the U.S.

Kenya

A demonstrator holds a Kenyan flag on a street in Nairobi, Kenya, during a pro-democracy protest on July 7, 2025. 

Growing anger over Ruto's economic policies and crackdown on dissent will hinder his efforts to reduce Kenya's fiscal deficit and portend recurring bouts of violent and disruptive protests.

No End in Sight to Kenya's Cycle of Deadly Protests

Bangladesh

The entrance to the International Monetary Fund headquarters is seen in Washington, D.C.

While Bangladesh is making progress in its IMF program, risks persist, including political uncertainty, low foreign exchange reserves and high U.S. tariffs on its vital garment sector.

Bangladesh's Economic Outlook: Progress and Persistent Challenges

Columns

On Geopolitics

U.S. President Donald Trump arrives to speak during a rally at a steel plant in West Mifflin, Pennsylvania, on May 30, 2025. 

For the rest of his term, Trump will continue to use tariffs to secure foreign policy concessions on both trade and non-trade matters, even if he starts shifting away from broad, global tariff threats to ones focused on specific countries or goods. 

A Look at Trump's Evolving Tariff Strategy

Leaders of eight political parties pose before a debate at the Japan National Press Club on July 2, 2025, in Tokyo, Japan. From left to right are Sanseito Secretary General Sohei Kamiya, Japanese Communist Party Chairperson Tomoko Tamura, Komeito Chief Representative Tetsuo Saito, Constitutional Democratic Party President Yoshihiko Noda, Japan's Prime Minister and Liberal Democratic Party President Shigeru Ishiba, Governor of Osaka and Japan Innovation Party Co-Representative Hirofumi Yoshimura, Democratic Party for the People Representative Yuichiro Tamaki and Reiwa Shinsengumi President Taro Yamamoto.

Japan's upper house elections will determine whether the ruling Liberal Democratic Party will stay in power and -- if so -- how easily it will be able to pursue its key policy goals.

Japan's Election: Potential Outcomes and Their Implications

Lithuania

Germany

Poland

A newly installed sign pointing to Schengen transfer flights is pictured next to EU and Romanian flags on March 31, 2024. 

Poland's move to reimpose border checks to curb irregular migration from Germany and Lithuania highlights a greater trend that risks entrenching uncertainty for businesses and travelers in the EU's passport-free area.

New Polish Border Controls Bring Europe's Schengen Area Back Into Question

President Donald Trump bangs a gavel after signing a bill into law extending his 2017 tax cuts on July 4 in Washington.

The measure will prevent a sharp increase in income taxes that would shock the economy, but add to the already high U.S. government debt burden.

The Consequences of Extending Trump's 2017 Tax Cuts

Bahrain

Kuwait

Oman

Qatar

Saudi Arabia

United Arab Emirates

Over the next decade, Gulf Arab states will increase oil and gas exports to emerging Asian markets, seeking alternatives to the U.S. amid tariff uncertainty. But the region's military and tech ties with the U.S. will remain strong.

Geopolitics of Trade: Gulf Arab States Balance Diversification With Enduring U.S. Ties

Vietnam's Foreign Ministry spokesperson Pham Thu Hang answers reporters' questions about the new Vietnam-U.S. trade deal during a press conference in Hanoi on July 3, 2025. 

The deal reduces planned U.S. tariffs on Vietnamese goods from 46% to 20%, but the lack of key details also introduces significant compliance uncertainty and investment risks that could ripple across Asian supply chains. 

The Vietnam-U.S. Trade Deal Reduces Tariffs, but the Devil Is in the Details

Economics

SITUATION REPORTS

U.K.: Government Proposes Ransomware Payment Ban on Public Sector

China, Vietnam: First-Ever Army Drill Points to Tactical Rapprochement, Strategic Hedge

U.K., EU: Brussels To Demand Compensation From London Under SAFE Defense Spending Program

Turkey, Iraq: Turkey To Terminate Iraq-Turkey Oil Pipeline Agreement in July 2026

U.S., Mexico: Air Transport Dispute to Disrupt Travel, Unlikely to Strain Bilateral Ties

U.S.: 'Crypto Week' Wraps Up With One Major Legislative Victory, Other Bills Go to Senate

EU, Russia: EU Approves 18th Sanctions Package Against Russia

China, U.S.: Wells Fargo Suspends China Travel After Executive Hit With Exit Ban

Forecasts

ANALYSES

SECTIONS

Explore

Subscribe

Help & Support