Colombia

Economics

Politics

Colombian President Gustavo Petro on Dec. 22 signed a decree stating that the country was facing an "imminent fiscal crisis" and declaring a 30-day economic emergency, allowing the government to adopt special taxes to reach its revenue target for 2026, Deutsche Welle reported Dec. 23. 

Colombia: President Petro Declares Economic Emergency To Implement Special Taxes

United States

China

Global Trade

The U.S. Federal Communications Commission (FCC) blacklisted all new foreign-made drones and components on Dec. 22, deeming that they pose "an unacceptable risk" to U.S. national security, Reuters reported Dec. 23.

U.S.: FCC Prohibits Approval of All New Foreign-Made Drones 

Indonesia

Indonesian officials said Jakarta and Washington had resolved all substantive issues in bilateral tariff talks and planned to formally sign a trade agreement in late January during a visit by President Prabowo Subianto to meet U.S. President Donald Trump, the South China Morning Post reported Dec. 23. 

Indonesia, U.S.: Jakarta Claims Trade Deal Issues Resolved, Paving Way for January Signing

Uzbekistan

Armenia

Belarus

Kazakhstan

Russia

Kyrgyzstan

Leaders of the Eurasian Economic Union on Dec. 21 approved a "differentiated" framework for a common financial market and initiated customs data exchange negotiations with Uzbekistan during the Supreme Eurasian Economic Council meeting in St. Petersburg, Russia.

Russia: Moscow Scraps Plans for Common Eurasian Financial Market

New Zealand

India

India and New Zealand on Dec. 22 announced that they had reached a free trade agreement aimed at deepening economic ties, Bloomberg reported.

India, New Zealand: Free Trade Agreement Announced

Europe

Ukraine

Russia-Ukraine Conflict

On Dec. 22, the European Council officially extended the European Union's sanctions against Russia for an additional six months, until July 31, 2026, the institution announced. 

EU: Brussels Extends Sanctions on Russia for Further 6 Months

Japan

Kazakhstan's President Kassym-Jomart Tokayev held talks with Japanese Prime Minister Sanae Takaichi and Emperor Naruhito during his first official visit to Japan, Kazinform reported on Dec. 19.

Kazakhstan, Japan: Tokayev Visit Elevates Ties at Inaugural Central Asia Plus Japan Summit

Argentina

Bolivia

Brazil

Paraguay

Uruguay

Venezuela

European Commission President Ursula von der Leyen announced on Dec. 18 that the bloc's trade deal with Mercosur would not be signed as previously scheduled on Dec. 20, with the approval delayed until January 2026, Politico reported on Dec. 18. 

EU, South America: EU Announces Delay to Mercosur Trade Agreement

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

Snapshots

United Kingdom

The Sevington Inland Border Facility on April 29, 2024, in southeast England. Rejoining the EU customs framework would require London to accept a common external tariff and strict regulatory alignment, meaning a successful negotiation remains unlikely in the short to medium term.

Rejoining the bloc's customs framework would require London to accept a common external tariff and strict regulatory alignment, meaning a successful negotiation remains unlikely in the short to medium term.

Despite Growing Calls, U.K. Unlikely To Rejoin EU Customs Union

Assessments

Algeria

People walk through a main square in Algeria's capital of Algiers on Sept. 15, 2024.

Energy

By introducing Sharia-compliant debt instruments, the Algerian government aims to tap into significant informal savings and diversify its funding sources while avoiding external debt. 

Algeria's Islamic Bonds an Incomplete Step Toward Diversifying Government Revenues

A container ship arrives Oct. 10 at the Port of Oakland, California. In 2026, political calculations among major global players will significantly shape international affairs.

Cyber

Environment, Science & Technology

Israel-Hamas Conflict

Military & Security

In 2026, political calculations among major global players will significantly shape international affairs.

2026 Annual Forecast: A Global Overview

Tajikistan

Turkmenistan

Despite growing interest from Russia, China and Western powers, Central Asia will struggle to emerge as a true continental trade hub due to competing agendas, weak financing and coordination, and security and governance issues.

The Geopolitics of Trade: Central Asia's Struggle for Logistics Sovereignty

A stock photo shows banknotes of the Russian ruble. 

The European Union using immobilized Russian assets to fund financial support for Ukraine will probably not have major reputational or financial consequences for the eurozone.


Using Frozen Russian Assets To Fund Ukraine Unlikely To Majorly Impact the Euro

Tunisia

Tunisia's President Kais Saied (top-R) waits to take his oath of office during his swearing-in ceremony before the National Assembly in Tunis on Oct. 21, 2024. 

Despite tensions with union leaders, Tunisia's controversial finance bill will introduce reforms that attract foreign investment and increase production in key sectors.

Strikes Loom as Tunisia's Government Undermines Labor Union

Eritrea

Ethiopia

Ethiopian Prime Minister Abiy Ahmed (center), flanked by his wife (left) and Djibouti's President Ismail Omar Guelleh (right), attends the official inauguration ceremony of the Grand Ethiopian Renaissance Dam (GERD) in Guba, on Sept. 9, 2025.

Worsening tensions over sea access and Eritrea's ties to groups opposed to the Ethiopian government raise the risk of intensifying proxy clashes that could quickly escalate into a larger military confrontation.

Assessing the Risk of an Ethiopia-Eritrea War in 2026

Iran

Israel

Lebanon

Palestinian Territories

Yemen

Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv amid a fresh barrage of Iranian rockets on June 16, 2025.

If effective, the laser air defense system will significantly reduce the cost of intercepting short-range aerial threats and bolster Israel's multilayered protection against aerial attacks.


The Role of Iron Beam in Israel's Evolving Defense Architecture

Philippines

Philippine President Ferdinand Marcos Jr. delivers his third State of the Nation Address before lawmakers at the House of Representatives on July 22, 2024 in Quezon City, Metro Manila, Philippines. 

A widespread corruption scandal is threatening to cause political instability in the Philippines, which could lead to policy paralysis and weaken the Philippines' posture against China.

A Corruption Scandal Threatens Political Crisis in the Philippines

Columns

On Geopolitics

Taiwan

Taiwanese President William Lai (center), flanked by other top officials in his government, discusses plans to propose a $40 billion supplemental defense budget during a news conference in Taipei on Nov. 26, 2025.

The 2025 Taiwan National Defense Report reflects Taipei's growing intent and tactical capabilities for deterrence by denial against a Chinese invasion, but it also highlights persistent challenges that contribute to a continually rising risk of conflict through 2028.

Taiwan Report Highlights Evolving Security Orientation

Russia's President Vladimir Putin, accompanied by Kremlin economic envoy Kirill Dmitriev and Kremlin aide Yuri Ushakov, meets with US special envoy Steve Witkoff and US President Donald Trump's son-in-law Jared Kushner at the Kremlin in Moscow on Dec. 2, 2025.

Fundamental disagreements between Ukraine and Russia over territorial concessions and security guarantees suggest that peace negotiations are unlikely to lead to a comprehensive breakthrough.

Despite U.S. Diplomatic Push, Ukraine Peace Still a Long Way Off

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi hold a meeting on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin on Sept. 1, 2025.

While Putin's Dec. 4-5 visit may yield some progress in defense, energy and trade cooperation, India will likely maintain selective engagement with Russia as it navigates U.S. pressure and continues diversifying its arms suppliers.

What To Expect as Putin Visits India

Economics

SITUATION REPORTS

Colombia: President Petro Declares Economic Emergency To Implement Special Taxes

U.S.: FCC Prohibits Approval of All New Foreign-Made Drones

Indonesia, U.S.: Jakarta Claims Trade Deal Issues Resolved, Paving Way for January Signing

Russia: Moscow Scraps Plans for Common Eurasian Financial Market

India, New Zealand: Free Trade Agreement Announced

EU: Brussels Extends Sanctions on Russia for Further 6 Months

Kazakhstan, Japan: Tokayev Visit Elevates Ties at Inaugural Central Asia Plus Japan Summit

EU, South America: EU Announces Delay to Mercosur Trade Agreement

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