Germany's Industrial Model Is Under Pressure
GeopoliticsGermany's industrial strength depended partly on cheap energy and reliable export demand. Both assumptions have weakened.
Geopolitics
Trade, conflict, and how global events ripple through supply chains
2026
Europe Is Spending More on Defense. Capacity Is the Hard Part.
GeopoliticsGermany has more room to fund defense, but Europe's industrial base needs years to turn budgets into delivered equipment.
The Strait of Hormuz: One Chokepoint and No Easy Answers
GeopoliticsAbout 20 percent of global petroleum liquids move through a narrow channel. The disruption is easy to imagine; recovery is harder to plan.