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The Supreme Court in Washington dealt a severe blow to Trump’s showpiece number-one in economic policy, i.e. his tariff warfare on the rest of the world. The American president is increasingly overtaken by the bare reality that claims he has continuously made about the expected benefits of tariffs are simply not materialising. The European Union…
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Financial stability is much more fragile these days than often assumed. At least seven developments in the financial markets demand close scrutiny by regulators and authorities. Not paying sufficient attention to them risks big trouble down the road. With most of our attention focused on Ukraine, Iran, Greenland, Venezuela, the worrying movements on the international…
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In our turbulent and chaotic present-day world, it would be most surprising to see 2026 become an “annus mirabilis,” much like 1776 was a quarter of a millennium ago. During 1776, ideas and events transpired that fundamentally changed the world for the better. Two hundred and fifty years after 1776, a new “annus mirabilis” would…