For decades, Pakistan has been relying on the notion that India will be restrained on its responses based on this model, and made easier by the previous administration’s policy trap. In came Modi and this dual platform is now torn to shreds, and Islamabad now finds itself in unchartered territory. By eroding the perceived protection of nuclear de
In his post on Truth Social after the phone call with Putin on May 19, Trump said negotiations between Russia and Ukraine “toward a cease-fire and more importantly, an end to the war” would start “immediately.” He mentioned the Vatican as a possible venue and concluded, “Let the process begin!” There was no word from Kyiv or Moscow on a
the market is likely to evolve similarly to that of gasoline cars, where companies like those from South Korea entered the market by undercutting prices and using imitation to gain market share Among the emerging forces, Chinese EVs stand out the most. Backed by substantial government subsidies and aggressive investment, China’s NEV industry has
Major bank-dealers of core sovereign bond markets have expanded their government bond holdings, but not in proportion to the growth in the size of outstanding bonds. For example, in the United Kingdom, gilts grew twice as fast as UK bank-dealer balance sheets, as we showed in the October 2023 Global Financial Stability Report. The stock of US Treas
Despite growing functional cooperation, the UK and EU remain committed to distinct strategic trajectories. The UK continues to frame itself as a globally oriented security actor, emphasizing its enduring role within NATO, its strategic partnership with the United States, and its bilateral defense agreements with other non-EU states. The EU, convers