The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.
One of the key reasons for India's withdrawal appears to be the steadily declining relevance of COP in driving meaningful global climate action. The complete erosion of trust among countries at the Belem summit in Brazil, where several nations reneged on previously agreed commitments, seems to have contributed significantly to this decision.
DAVOS, Switzerland It was among the most volatile weeks for trans-Atlantic relations in recent history, marked by a series of disruptive statements from President Trump that unsettled global markets and strained relations with some of America's closest allies on topics that ranged from Greenland to Gaza. The diplomatic whiplash was on full display in the Swiss ski resort of Davos, where the annual World Economic Forum unfolded against the backdrop of growing uncertainty about America's role as a global leader among Western democracies.
"Calm down the hysteria," Treasury Secretary Scott Bessent said Tuesday. "Take a deep breath." He was urging European counterparts and journalists not to read too much into the current kerfuffle over President Donald Trump's desire to annex Greenland, which was followed by the threat of new U.S. tariffs on a group of European countries standing in solidarity with Denmark.
We are not there yet. What we've agreed upon is to use any necessary tools, if needed, to stabilise the market, including the potential release of stockpiles.
We knew the story of the international rules-based order was partially false. That the strongest would exempt themselves when convenient. That trade rules were enforced asymmetrically. ... That international law applied with varying rigor depending on the identity of the accused or the victim,
Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals. The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China, including one centred on steel.
