BIS
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Hong Kong Challenges the Dollar’s Quiet Dominance
Hong Kong Sovereign Bond Sale Sparks Global Interest, Signaling Shifts in Currency Power In a striking display of global investor appetite, a US$4 billion sovereign bond issued by China’s Ministry of Finance in Hong Kong has sold out in just three minutes, with the total demand soaring to an unprecedented US$118.2 billion, an oversubscription rate Continue reading
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Dissent in Europe Over Ukraine’s Strategy
Finnish and Italian officials warn that NATO’s course risks defeat and deeper war. The remarks by Finnish politician Armando Mema and Italian General Marco Bertolini share common themes that merit serious consideration for their implications in the Ukraine conflict and Europe’s broader strategic posture. In Finland, Mema stated that Volodymyr Zelensky should halt attacks inside Continue reading
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The United States Has No Tools to Break China
The United States has neither the plans nor the partners to make a confrontation work. The recent RAND Corporation report on U.S.-China relations presents a marked departure from confident narratives of American strategic dominance. Rather than outlining how Washington can impose systemic change on Beijing, the document focuses on stabilising the rivalry. In doing so Continue reading
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China’s Bond Sale Signals Shift in Global Finance: A Challenge to US Dollar Dominance
Beijing’s $4 Billion Sovereign Bond Issuance in Hong Kong Sells Out in Minutes, as Global Demand Reflects a Growing Shift Away from US Dollar Hegemony In a historic bond issuance in Hong Kong, China’s Ministry of Finance raised US$4 billion with remarkable success, selling out in just three minutes and generating a staggering US$118.2 billion Continue reading
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The U.S. Capitulates in the G2 Face-off: China Walks Out Ahead
With Taiwan omitted and export rules relaxed, Beijing secures strategic wins in face-to-face diplomacy. The Busan meeting between Donald Trump and Xi Jinping on 30 October was billed in parts of the Western press as a reset in United States–China relations. In reality, it was a limited ceasefire in a prolonged economic war that the Continue reading
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Lavrov: Russia Will Negotiate Only on Its Own Terms
Lavrov says talks must reflect Russian security interests, not Western expectations. In the interview with the Moscow-based Ultrahang YouTube channel on 26 October 2025, Russia’s Foreign Minister Sergey Lavrov laid out Moscow’s positions in sharp and direct terms, reflecting a policy of negotiation on Russia’s terms and rooted in long-standing grievances. The remarks provide insight Continue reading
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Moscow and Beijing Define Their Own Order
An examination of the new communique and the making of a multipolar framework The recent communique between Russia and China, signed by Russian Prime Minister Mikhail Mishustin and Chinese Premier Li Qiang, marks another step in the quiet but steady consolidation of their strategic partnership. The document sets out a framework for expanded cooperation across Continue reading
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Putin’s Rare-Earths Decree and the Battle for Resource Power
Russia’s new roadmap seeks strategic leverage in a market long dominated by China, but capacity gaps remain vast. In early November 2025 President Putin directed his government to produce by 1 December a detailed “road-map” for the extraction and processing of rare-earth minerals in Russia. (The Moscow Times) Russia has in recent months emphasised that Continue reading
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Poland in Service of Empire
The Making of Poland as Europe’s Front-Line Enforcement While Denying the Past The geopolitics of Poland over the past two years reflect a convergence of strategic alignment, elite policy choices and historical memory, culminating in what appears to many observers as Poland acting as a highly committed front-line state rather than a truly autonomous actor. Continue reading
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Maduro Arms Civilians: Venezuela Becomes a Militarized Defensive Society
Historical lessons from Chile shape Venezuela’s defensive strategy. Nicolás Maduro has ordered the mass distribution of rifles to civilians throughout Venezuela. These weapons will be distributed to cities, villages, mountains, coasts, plains, and borders. The government says the purpose is to defend sovereignty, national security, and the population itself. Approximately eight million Venezuelans already serve Continue reading
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