United States

China

Japan

North Korea

Economics

Military & Security

Politics

Japanese Prime Minister Sanae Takaichi gave a speech outlining her policies on Feb. 20 to open a special session of the Diet that will last through July 17, according to a readout from the prime minister's office.

Japan: Takaichi Outlines Policy Plans for 2026

South Korea

Vietnam

Russia

North Korea's supreme leader Kim Jong Un gave a speech on Feb. 20 in Pyongyang to open the Workers' Party of Korea's quinquennial party congress, which North Korea's KCNA said began on Feb. 19.

North Korea: Kim Commences Quinquennial Party Congress

Indonesia

Thailand

Indonesian President Prabowo Subianto signed the Agreement on Reciprocal Trade with the United States, lowering U.S. tariffs on most Indonesian exports from a threatened 32% to 19% in exchange for Indonesia eliminating tariffs on roughly 99% of U.S. exports and easing nontariff barriers such as import licensing and local content rules, according to a readout from the Office of the United States Trade Representative published Feb. 20.

Indonesia, U.S.: 19% Tariff Deal Includes Third Country 'Poison Pill' Safeguard

Australia

Mongolia

Russia's aluminum giant Rusal requested enforcement measures in its 100 billion ruble ($1.1 billion) claim against British-Australian mining company Rio Tinto, including seizure of a stake in an unnamed company widely believed to be Rio Tinto's 66% holding in Mongolia's Oyu Tolgoi copper project, Kommersant reported on Feb. 20, citing a Russian appellate court filing.

Russia, Mongolia: Russian Court Ruling Introduces Uncertainty in Mongolian Copper Mine

Colombia

Colombia's President Gustavo Petro issued a decree maintaining the 23.7% increase to the minimum wage his government announced in December, but which the country's top administrative court had suspended on Feb. 13, El Pais reported on Feb. 19.

Colombia: Petro Maintains 23% Minimum Wage Increase Following Court Challenge

Brazil

India

Environment, Science & Technology

After attending the India AI Impact Summit, Brazilian President Luiz Inacio Lula da Silva will hold bilateral talks with Indian Prime Minister Narendra Modi on Feb. 21, Bloomberg reported on Feb. 19.

India, Brazil: Lula Is Set To Meet Modi Amid Negotiations on Critical Minerals and Rare Earths

Europe

The U.S. Department of Defense warned it would retaliate if the European Union amends its defense procurement directive in ways that restrict U.S. arms manufacturers' access to member-state contracts, Politico reported on Feb. 19.

EU, U.S.: Washington Warns Brussels Against Expanding 'Buy European' Defense Rules

Energy

Three Vietnamese airlines announced about $37 billion worth of Boeing aircraft purchases and related financing and engine agreements as Communist Party chief To Lam visited Washington to finalize the two countries' larger trade deals and attend U.S. President Donald Trump's inaugural Board of Peace meeting, state media Bao Chinh Phu reported on Feb. 19.

Vietnam, Indonesia, U.S.: Trade Diplomacy Anchored in Big Ticket Industrial Deals

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

Canada

Mexico

U.S. President Donald Trump speaks during a press briefing at the White House on Feb. 20, 2026, after the U.S. Supreme Court ruled against Trump's use of emergency powers to implement international trade tariffs.

Global Trade

The Trump administration will use other trade authorities to replace many of the IEEPA tariffs struck down by the Supreme Court, meaning U.S. trading partners will remain incentivized to engage on trade matters.

What the Supreme Court Tariff Ruling Means for Trump and U.S. Trading Partners

Assessments

Ukraine

City authorities and businesses rebuild residential buildings damaged by Russian shelling in Kharkiv, Ukraine, on July 12, 2023.

Russia-Ukraine Conflict

While European governments can fund Ukraine's war effort this year and next, securing the investment needed to rebuild damaged infrastructure will face significant political, economic and structural hurdles.

The Challenge of Rebuilding Ukraine's Economy

Algeria

Saudi Arabia

United Arab Emirates

The national flag of Algeria flies near the Bay of Algiers against the backdrop of the old town known as the Casbah and cargo containers in Algiers, Algeria, on Aug. 25, 2022.

Divergences between Algeria and the United Arab Emirates are poised to grow and may lead to a diplomatic break.

Algeria's Grievances With the UAE Deepen Amid Strategic Divergences

Iran

Israel

Lebanon

Palestinian Territories

Yemen

U.S. Vice President JD Vance's shadow is seen as he speaks during a press conference following a military briefing at the civilian military coordination center on Oct. 21, 2025, in Kiryat Gat, Israel. 

Negotiations over a new Israel-U.S. security agreement signal a pivot in the bilateral relationship as Israel increasingly focuses on strengthening its domestic defense industry.

How Israel's Defense Sector Will Evolve Amid the Government's Push for Self-Reliance

Bangladesh

A man walks past campaign posters of Bangladesh Nationalist Party (BNP) chairman and Tarique Rahman in Dhaka on Feb. 13, 2026.

The transition from an interim administration will likely restore political stability, though social and fiscal pressures will still pose constraints for the new center-right government.

Bangladesh Nationalist Party Wins Big in First Election Since 2024 Uprising

Argentina

An aerial photo shows Argentinian police using a water cannon truck against protesters opposing labor reforms on Feb. 11, 2026, in Buenos Aires, Argentina.

Although the labor reform is likely to be approved and may incrementally improve Argentina's hiring climate, its short-term economic impact will be limited.

Argentina's Milei Secures Senate Backing for Market-Oriented Labor Overhaul

United Kingdom

U.K. Prime Minister Keir Starmer leaves Downing Street on Feb. 2, 2026, in London. 

While the crisis could see Labour elect a new leader in the coming months, broad party consensus and fiscal constraints make sharp policy shifts unlikely, limiting the risk of sustained market volatility.

In the U.K., Starmer's Leadership Struggles Reach a Tipping Point

Cuba

American Airlines planes sit on the tarmac at Jose Marti International Airport in Havana on Feb. 9, 2026. 

Facing imminent economic collapse and the loss of key allies, the Cuban government will likely yield to U.S. demands for market liberalization to avoid a total breakdown of state authority while attempting to preserve political control.

Economic Concessions to U.S. Offer Path for Regime Survival in Cuba

Tunisia

Supporters of Tunisia's General Labour Union (UGTT) wave the national flag during a rally in Tunis on Aug. 21, 2025.

If the UGTT fails to resolve internal disputes and stage an effective national strike, President Saied will likely launch an expanded crackdown that further weakens the powerful labor union and, consequently, its private-sector bargaining power.

In Tunisia, UGTT Infighting Risks Playing Into President Saied's Hands

Visitors take pictures in front of an electronic board displaying falling stock prices at the Indonesia Stock Exchange in Jakarta on Jan. 29, 2026.

The episode exposes structural risks embedded in the president's governance that could threaten investor confidence -- and with it, Indonesia's economic growth and manufacturing competitiveness.

Lessons Learned From Indonesia's Market Rout

Japanese Prime Minister Sanae Takaichi (top, 5th from left) speaks during the election campaign rally on Jan. 29, 2026, in Himeji, Japan. 

Outcomes for the Feb. 8 snap ballot include a decisive victory for Prime Minister Sanae Takaichi's Liberal Democratic Party, a weakened conservative coalition and an opposition win.

Japan's Lower House Elections: Potential Outcomes and Their Implications

Global Elections

Turkey

A digital satellite illustration shows Europe at night.

The EU enlargement chief's upcoming visit to Turkey signals an attempt to balance cautious engagement with clear strategic interests, rather than an imminent breakthrough on the country's stalled accession process.

Understanding the EU's Strategic Reengagement With Turkey

Economics

SITUATION REPORTS

Japan: Takaichi Outlines Policy Plans for 2026

North Korea: Kim Commences Quinquennial Party Congress

Indonesia, U.S.: 19% Tariff Deal Includes Third Country 'Poison Pill' Safeguard

Russia, Mongolia: Russian Court Ruling Introduces Uncertainty in Mongolian Copper Mine

Colombia: Petro Maintains 23% Minimum Wage Increase Following Court Challenge

India, Brazil: Lula Is Set To Meet Modi Amid Negotiations on Critical Minerals and Rare Earths

EU, U.S.: Washington Warns Brussels Against Expanding 'Buy European' Defense Rules

Vietnam, Indonesia, U.S.: Trade Diplomacy Anchored in Big Ticket Industrial Deals

Forecasts

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