Since February 2026, the war between Iran and the US-Israeli coalition has turned the Strait of Hormuz into the nerve centre of the world economy. With Brent near $100, a collapsed truce and 40% of exports rerouted, six powers read the same conflict six different ways.
Read the full analysis in English →A strip of land just tens of kilometres wide in southern Armenia has become one of Eurasia's most contested points. Linking Azerbaijan to its Nakhchivan exclave, the corridor promises Ankara and Baku a land bridge to Central Asia, and threatens Iran's northern access.
Read the full analysis (in French) →The secret of rare earths lies not in the mines but in the refining. China controls around 90% of the global processing of these metals, essential to magnets, electric motors and weapons systems. By restricting exports, Beijing holds a chokehold over Western supply chains.
Read the full analysis in English →Clinics, nurseries, vet practices, water networks, software, industry: private equity now owns entire swaths of the economy the public never sees on the stock market. With trillions under management and heavy acquisition debt, who really decides?
Read the full analysis (in French) →The world's top uranium producer, crossed by the corridor that bypasses Russia, courted by China, Europe and Turkey: Kazakhstan and its Central Asian neighbours have become one of the most contested spaces on earth since the war in Ukraine.
Read the full analysis in English →Three clashes in a single week of July 2026, water cannon, rammed boats, two Filipino sailors injured. Around disputed reefs, Manila and Beijing replay each week the scene that could trigger a treaty-bound US intervention.
Read the full analysis in English →43 of the 50 raw materials Washington deems critical lie under Greenland's ice. In January 2026, Donald Trump reaffirmed his wish to "acquire" the Danish island. Behind the provocation, a real strategic equation: minerals, the Arctic route and missile defence.
Read the full analysis in English →Around 75,000 synthetic-opioid overdose deaths a year in the United States, chemical precursors mostly from China, Mexican labs and a supply chain that eludes the classic instruments of national security. Anatomy of a hidden front.
Read the full analysis in English →China is losing millions of people a year, South Korea has the world's lowest fertility rate, Japan has aged for thirty years and Europe is following. For the first time in modern history, power will no longer be measured by population size.
Read the full analysis (in French) →Africa's largest population and one of its two biggest economies, Nigeria has devalued its currency by more than 70%, scrapped fuel subsidies and watched hundreds of thousands of its graduates leave. Anatomy of a demographic giant under strain.
Read the full analysis (in French) →California, Florida, southern France: entire areas are becoming uninsurable. When climate risk outstrips the capacity to pool it, the whole property and banking edifice wobbles. A crisis mechanism few observers see coming.
Read the full analysis (in French) →Inflation cut from 211% to 32%, poverty from 52.9% to 28.2%, growth at 4.4%, but rising unemployment, shrinking real wages and falling tax revenue for nine months. Two and a half years in, a data-driven balance sheet of Javier Milei's shock therapy.
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