Publications
457 published articles
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GeopoliticsThe World of Wars
From Ukraine to Sudan, from Gaza to the Sahel, from Myanmar to Western Sahara, conflicts are no longer isolated crises. Together, they are gradually forming an international system in which war is once again becoming a permanent condition.
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MarketsThe SEC Opens the U.S. Stock Market to Tokenization
The SEC’s new exemption does not move Wall Street onto the blockchain overnight. But for the first time, it creates a regulatory pathway for tokenized U.S.
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Trade & IndustryBig Pharma: The Power and Fragility of the Drug Giants
For decades, the power of a pharmaceutical company could be measured by the breadth of its portfolio. Dozens of medicines, several therapeutic areas, large research organizations and global commercial networks allowed major groups to spread their risks. One drug could disappoint without threatening the entire company.
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GlobalRussian Oil: Washington Targets the Buyers
Un baril de pétrole russe acheté par une raffinerie asiatique pourrait bientôt peser sur les conditions d’accès de son pays au marché américain.
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GlobalBRICS: The Bloc That Does Not Need to Be United
BRICS is often discussed through a spectacular question: can it overturn the Western-dominated international order? The question may be the wrong one.
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MarketsThe Dollar Is Getting More Expensive Again
The Federal Reserve has raised interest rates for the first time since 2023.
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CorporateThe Second Balance Sheet of Mass Retail
For decades, mass retailers treated real estate primarily as a means to an end.
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GlobalSaudi Arabia: Yanbu shutdown begins to redirect European oil flows
The risk had so far remained concentrated in infrastructure. It is now appearing in cargoes.
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PoliticsMorocco: What Elections Can Change and What They Cannot
With Morocco’s legislative elections only days away on September 23, the country is entering an unusual political moment.
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TechnologyWhen AI Starts Questioning Its Own Speed
For years, competition in artificial intelligence revolved around a simple question: who could move fastest? In September 2026, another question is beginning to take hold: how far can the industry continue accelerating without losing control of what it is building?
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Defense & SecurityTungsten: Washington Takes a Stake in Mineral Security
The United States is no longer simply trying to buy critical minerals. By committing $450 million to Elmet Group while securing up to $2 billion in potential purchases for the national stockpile, Washington is building a tungsten supply chain in which the state finances supply, organizes sourcing and guarantees part of the demand.
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Defense & SecuritySyria: Russia retains its Mediterranean foothold
Russia no longer holds the position in Syria that it enjoyed under Bashar al-Assad. But it has not left.