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Category: Logos Press Exclusive
A quarter of a century ago, the market capitalization of each of the five largest banks in the EU exceeded that of the largest U.S. bank.
PARIS—For many years, Europe and China have embodied competing models of development and energy transition. Europe has emphasized markets, common rules, and multilateral organizations, while China has focused on industrial policy, infrastructure investment, and manufacturing. Europe developed regulations that often became global benchmarks (the “Brussels effect”). Meanwhile, China built factories.
From June 20 to 28, a powerful heat wave swept across Europe, creating conditions that led to the wildfires currently raging across vast areas of France and Spain.
Much has already been said about the risks to the armed forces and national security posed by artificial intelligence (AI). But few people pay attention to the threats to culture and the economy posed by large language models (LLMs) trained on a small number of languages and owned by a handful of transnational companies.
Since mid-December 2025, southern Africa has experienced several months of unrelenting rain. Floods submerged roads, bridges, clinics, and schools throughout the Gaza Province in Mozambique, affecting more than 700,000 people and forcing more than 200,000 to flee their homes.
The signing of a 20-year data center lease is unlikely to be viewed as an event related to the monetary and credit sectors. Even the announcement of a stablecoin pegged to the dollar and linked to the artificial intelligence boom would not necessarily fall into this category.
KYIV — Just as the French aristocrats under the Ancien Régime could hardly have imagined the abolition of their noble titles, most university administrators today cannot imagine a world in which the degrees they award would become worthless scraps of paper.
China’s rapid rise, Russia’s invasion of Ukraine, and the war between the United States and Israel on one side and Iran on the other have made geopolitical rivalry the primary force shaping the global economy.
Wars have traditionally destroyed ports, power grids, and railroads. Today, however, their target is increasingly less visible, even though it is much harder to restore. We’re talking about digital public infrastructure (DPI for short), on which modern society depends: identification platforms, payment systems, and data exchange.
MILAN — At the 2026 World Economic Forum in Davos, Canadian Prime Minister Mark Carney described a “rift” in the global order and called on middle powers to “act collectively.” He warned that while great powers may (for now) afford to “go it alone” in this new Hobbesian world, middle powers must come to the negotiating table. Otherwise, they risk ending up “on the menu.”
Many European Union countries, starting with Germany, believe that increasing defense spending will automatically create the necessary conditions for ensuring Europe’s security.
When World War II began in 1939, Canada had virtually no military-industrial base to speak of. But over the next six years, Canadian factories produced thousands of aircraft, hundreds of naval vessels, and more than 800,000 pieces of armored vehicles. A country with a population of just 11 million people transformed into a powerful military-industrial center.
President Donald Trump claims that the election of “socialist” Democrats will set the U.S. on a path toward becoming like Venezuela or Cuba. But Trump’s own actions—as is often the case with him—completely contradict his statements and everything his Republican Party supposedly stands for.
PHILADELPHIA—We at Vanguard expect U.S. GDP to grow by 3% in 2027. This estimate is significantly higher than other professional forecasts and assumes that demand for risky assets will remain strong.
FIEZOLE—In a short essay published nearly 40 years ago, French writer Emmanuel Carrère noted that alternative history (imaginary chronicles of what might have been) is driven by a strong sense of intolerance toward the inevitable.
On June 12, the U.S. government unexpectedly decided to restrict foreign companies’ access to Anthropic’s advanced artificial intelligence (AI) models.
Democratic political strategist James Carville is best known for coining the slogan of Bill Clinton’s successful 1992 presidential campaign: “It’s the economy, stupid.” This holds true for this November’s midterm elections as well, and President Donald Trump’s Republican Party appears to be headed for a crushing defeat.
China’s export machine continues to impress with its strength. The country ended last year with the largest merchandise trade surplus in world history ($1.2 trillion), underscoring the continued competitiveness of its manufacturing sector. But the money earned is no longer going to the same places as before.
Artificial intelligence is changing how we communicate, access information and work, how income and status are distributed, and even how we fight wars.
A partial opening of the Strait of Hormuz may be imminent. But has a long-term solution to the conflict in the region become more likely?
