The problem with the war in Ukraine is that it has been all smoke and mirrors. The Russian objectives of “demilitarisation” and “de-Nazification” of Ukraine wore a surreal look. The western narrative that the war is between Russia and Ukraine, where central issue is the Westphalian principle of national sovereignty, …

Central banks may keep interest rates higher for longer than currently priced; given investors’ benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth Overall inflation has moderated meaningfully in recent months in the United States and euro area, as …

Wagner Begins Training the Belarusian Military’s Elite Units Open-source intelligence this week revealed that the Wagner Private Military Company has begun training elite units of the Belarusian Armed Forces in Belarus. Yevgeny Prigozhin’s fighters are now training the 38th Air Assault Brigade, which falls under the Belarusian Special Operations Command, …