Indonesia’s rupiah rout is not just about the dollar
Government and central bank have acted too late, too timidly and too inconsistently to stop rupiah’s worst slide in decades
War heats up as Russia, Ukraine trade drone and missile attacks
Ukraine’s intercept rate remains high, but Russia’s deployment of drones in greater numbers means that more hit their targets
Beijing vows to retaliate as EU warns of China Shock 2.0
A record Chinese trade surplus and cheap exports are pushing the EU toward a historic confrontation with Beijing
China’s sailless submarine takes warfare to the seabed
China’s newfangled sub may be built to slip past US undersea defenses and hold the Indo-Pacific’s digital lifelines at risk
Iran is losing the war but winning what comes next
Gulf state failure to forge a collective response and position means it lacks leverage over any US-Iran deal to end the war
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MAY 29, 2026
China’s chip champion rewrites the rules of scaling
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- Germany’s welfare state is outgrowing its economy
- Moscow wrestles with its war strategy as peace process falters
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