United States

Ukraine

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Economics

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Politics

Russia-Ukraine Conflict

The White House issued separate statements on the outcomes of recent negotiations with Russian and Ukrainian delegations, highlighting agreements with Russia to ensure safe navigation in the Black Sea, restore Russia's access to the world market for agricultural goods and fertilizer, and develop measures for implementing a ban on strikes against energy infrastructure between Russia and Ukraine, Reuters reported on March 25. 

U.S., Russia, Ukraine: U.S. Issues Statements on Outcomes of Russia and Ukraine Talks

Australia

The Australian government unveiled its 2025-26 federal budget, allocating AU$10.6 billion ($7 billion) in new defense spending, expanding missile procurement and advancing AUKUS submarine readiness, the Australian Financial Review reported on March 25. 

Australia: Budget Unveiled, Likely Paving Way for Elections

Venezuela

India

Energy

On March 24, Trump announced that the United States would impose a 25% secondary tariff on countries buying oil and gas from Venezuela, set to take effect on April 2, the Hindu reported on March 25.

India: Trump's 25% Tariff on Venezuelan Oil Poses Challenges for India

Afghanistan

The Afghan Taliban's interior ministry spokesperson said the United States had withdrawn bounties on Interior Minister Sirajuddin Haqqani and two other members of the Haqqani network, Abdul Aziz Haqqani and Yahya Haqqani, AP reported on March 23.

U.S., Afghanistan: Afghan Taliban Says U.S. Withdrew Bounties on Senior Figures

China

Spain

U.S. President Donald Trump announced on social media the imposition of 25% tariffs on all imports from countries that purchase Venezuelan oil and gas, Reuters reported on March 24.

U.S., Venezuela: 'Secondary' Tariffs Escalate Washington's Sanctions Policy

The White House is reportedly narrowing the set of tariffs that it plans to announce and implement on April 2 to focus on the 15% of nations that the Trump administration deems as taking advantage of the United States the most, a list that includes G20 nations and Vietnam, The Wall Street Journal reported on March 23. 

U.S.: Focus of April 2 Tariffs Narrows But Still Includes Virtually All Major U.S. Trading Partners

Papua New Guinea

The Autonomous Region of Bougainville's government, which governs Papua New Guinea’s Bougainville Island, declared it will unilaterally proclaim independence by September 2027, BenarNews reported on March 20.

Papua New Guinea: Bougainville Region Says It Will Proclaim Independence by 2027

Brazil

Brazil's National Congress approved the 2025 budget after a three-month delay amid political tensions and a legal dispute over the executive's payment of budgetary grants to legislators, g1 reported on March 20. 

Brazil: Congress' Late Approval of 2025 Budget Suggests Marginal Improvement in Executive-Legislative 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

Europe

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

New Zealand

United Kingdom

India's Prime Minister Narendra Modi (L) walks with New Zealand's Prime Minister Christopher Luxon (R) before their meeting at the Hyderabad House in New Delhi, India, on March 17, 2025. 

Global Trade

U.S. tariff threats are pushing India to revamp negotiations over free trade agreements, but protectionist trade policies and other obstacles will challenge the progression of talks.

India Dusts Off Old FTA Negotiations Ahead of U.S. Tariffs

Assessments

Saudi Arabia

Participants attend the annual Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia, on Oct. 29, 2024. 

The kingdom is increasingly likely to continue to scale back less viable megaprojects while focusing on successful reforms.

As the Finish Line Approaches, Saudi Arabia Dials Back Its Vision 2030 Ambitions

Turkey

People wave Turkish national flags as they protest in Istanbul on March 20, 2025, following Mayor Ekrem Imamoglu's detention over a corruption probe.

The charismatic Istanbul mayor's detention will likely trigger protests and further undermine his party's ability to challenge Erdogan and the AKP in the 2028 presidential election.

In Turkey, Imamoglu's Arrest Dims the Opposition's Presidential Prospects

Spanish soldiers sit at tables at a makeshift military base in Valencia, eastern Spain, on Nov. 12, 2024, following deadly floods in the region.

Domestic political constraints will impede Madrid's ability to expand its defense budget, which will expose it to U.S. retaliation and limit Spanish participation in any European deployment to Ukraine.

Despite Recent Pledges, Spain Will Struggle To Boost Military Spending

Media

Podcasts

How will these changes affect European countries?


Essential Geopolitics: The United States' Evolving Relationship With Russia

South Africa

South African President Cyril Ramaphosa arrives at a briefing at his African National Congress (ANC) party's headquarters in Johannesburg on May 13, 2024.

South Africa will struggle to meet Trump's demands for major foreign and domestic policy changes, which will risk exposing the country to disruptive U.S. economic retaliation, including entity-based sanctions.

Trump Turns Up the Heat on South Africa

Germany

Incoming German Chancellor Friedrich Merz addresses the Bundestag on March 18, 2025, before a vote on changes to the country's constitutional debt limits.

The historic reform will allow for increased investment and higher defense spending, which will help raise medium-term economic growth in both Germany and the euro area. 

The Economic Impact of Germany's Debt Brake Reform

Lebanon

U.N. Satellite Center cultural heritage analyst Michelle de Gruchy gestures next to a map of Beirut, Lebanon, during a press conference in Geneva, Switzerland, on monitoring damage to cultural heritage in Lebanon and Gaza on Nov. 25, 2024.

While Lebanon's renewed negotiations with the IMF may yield a draft agreement, a fragmented parliament will likely prevent Lebanon from implementing key economic reforms and unlocking significant aid.

Despite New IMF Negotiations, Lebanon's Economic Crisis Rages On

Columns

On Geopolitics

Canada

Mexico

U.S. President Donald Trump speaks from the Oval Office on March 7, 2025, after announcing that tariffs could be imposed on Canadian dairy and lumber products within days. 

The expanding scope of Trump's trade wars, coupled with the whiplash of tariffs being enacted and then suspended, begs the question: what is driving this strategy and what, if anything, will constrain it?

Trump's Emerging Trade Doctrine

U.S.-China Relations

Argentina

The headquarters of Argentina's central bank is seen in Buenos Aires on Feb. 20, 2025.

A new IMF program would improve Argentina's short- and medium-term economic and financial outlook in the face of limited international financial market access and negative foreign exchange reserves.

Argentina's Milei Signs Decree To Clear the Way for a New IMF Deal

Iran

A billboard showing Iran's Supreme Leader Ali Khamenei is seen in Baghdad, Iraq, on Oct. 7, 2024.

New U.S.-Iran talks are unlikely to make headway, if they begin at all, due to distrust and a mutual unwillingness to compromise, which could see the U.S. or Israel resort to military strikes on Iran's nuclear program.

Despite Trump's Push for Talks, a New U.S.-Iran Nuclear Deal Remains Unlikely

U.S.-Iran Relations

The Peace Monument sculpture is seen in front of the PDVSA headquarters in Caracas, Venezuela, on Dec. 2, 2022. 

The return of stricter U.S. sanctions will harm Venezuela's oil and gas industry, undermine its economy and fuel migration, but is unlikely to weaken President Maduro's hold on power in the short to medium term.

What Trump's Policy Shifts Mean for Venezuela

Economics

SITUATION REPORTS

U.S., Russia, Ukraine: U.S. Issues Statements on Outcomes of Russia and Ukraine Talks

Australia: Budget Unveiled, Likely Paving Way for Elections

India: Trump's 25% Tariff on Venezuelan Oil Poses Challenges for India

U.S., Afghanistan: Afghan Taliban Says U.S. Withdrew Bounties on Senior Figures

U.S., Venezuela: 'Secondary' Tariffs Escalate Washington's Sanctions Policy

U.S.: Focus of April 2 Tariffs Narrows But Still Includes Virtually All Major U.S. Trading Partners

Papua New Guinea: Bougainville Region Says It Will Proclaim Independence by 2027

Brazil: Congress' Late Approval of 2025 Budget Suggests Marginal Improvement in Executive-Legislative Relations

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