The Paris Accord means Ukraine War will continue
Like Versailles, it is a disaster for all the players
Beijing moves to cut losses in Venezuela after Maduro’s capture
China reassesses oil-backed investments and overseas risk as US action reshapes its Latin America strategy
Between US and China, Japan finds itself friendless
Among the bad signs are curbs on more than 40% of the goods Japan exports to China and fresh reasons to doubt Trump has Tokyo’s back
Smiles all around at South Korea-China summit
The contrast with Japan could hardly be greater
Chintai-MAJV $28bn tokenization tests new development finance model
Blockchain platform Chintai and Indonesia’s Maluku Archipelago Joint Venture plan to tokenize long-term development rights in Maluku and North Maluku


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DECEMBER 19, 2025
Stalemate, decline, and industrial resolve
- Kyiv’s red lines keep Ukraine war locked in stalemate
- Germany is locking in a weaker economic equilibrium
- Japanese AI, national industrial policy and the semiconductor industry
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China’s drone carriers hide in plain sight among merchant ships
Weaponized merchant ships could turn global trade routes into a gray-zone battlefield, upending deterrence and maritime security
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Chief Trump ideologue Miller, an unabashed meanie from the get-go
In high school he’s said to have complained about students having to pick up rubbish, saying janitors should do it instead
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