The global economy has become the primary arena for the clash of power ambitions in a world where understanding, coordination, and concerted multilateralism seem to have been permanently marginalized. In this fragmented landscape, how will American and Chinese strategies interact? Will the European Union manage to break out of its decades-old framework in order to face new competition? And will it be able, like others, to integrate the announced shift from a production economy to a digital, information economy? And what role will financial institutions, and central banks in particular, play in this transitioning international economy?

The state election in Baden-Wuerttemberg in March 2026 will be the first major test of public opinion for Chancellor Friedrich Merz's federal government. At the same time, Baden-Wuerttemberg is one of the federal states that—as an important location for the German automotive industry and its suppliers—is particularly affected by the transformation policy driven by climate change and the international conflict constellation.

Critical Raw Material (CRM) value chains are more vulnerable than ever and entire vital industries in Europe are now at risk if supplies are not secured through strategic and urgent actions, given mounting geopolitical confrontation, resource nationalism, growing demand and limited supply increase.

The Zeitenwende (historic turning point) announced by Olaf Scholz on February 27, 2022, is shifting into high gear. Financially supported by the March 2025 reform of Germany’s “debt break” and backed by a broad political and societal consensus to strengthen and modernize the Bundeswehr, Germany's military capabilities are set to rapidly increase over the coming years. Expected to assume a central role in the defense of the European continent in the context of changing transatlantic relations, Berlin’s military-political position on the continent is being radically transformed. 

The Soviet Union (USSR), and subsequently the Russian Federation as its internationally recognized legal successor, has consistently sought to play a visible role in efforts to resolve the Israeli-Palestinian conflict.

Donald Trump’s return to the White House reintroduced acute uncertainty into the security commitment of the United States (U.S.) to Taiwan. Unlike President Joe Biden, who repeatedly stated the determination to defend Taiwan, President Trump refrains from commenting on the hypothetical U.S. response in the context of a cross-Strait crisis.

This report maps out the evolution of key technologies that have emerged or developed in the last 4 years of the war in Ukraine. Its goal is to derive the lessons the North Atlantic Treaty Organization (NATO) could learn to strengthen its defensive capabilities and prepare for modern war, which is large-scale and conventional in nature.

Prime Minister Sanae Takaichi has turned her exceptional popularity into a historic political victory. The snap elections of February 8 delivered an overwhelming majority for the Liberal Democratic Party (LDP), driven by strong support from young voters, drawn to her iconoclastic and dynamic image, and from conservative voters reassured by her vision of national assertiveness. This popularity lays the foundation for an ambitious strategy on both the domestic and international fronts.