What to watch I November 06, 2025

Commodities signal manufacturing slowdown, bad weather increased utility bills in the US and private equity finding its footing again

Old trade routes for new trade wars?

In a world divided by geopolitics, protectionism and the effects of climate change, global trade is forging new paths. 

What to watch I October 31, 2025

Europe won’t be fully electric before 2040, circular deals in AI and Eurozone growth takes a step forward

The electro-state era: From Made in China to Powered, Designed and Financed by China?

As China prepares its next five-year plan (2026-2030), it faces multiple threats to its economic model, from the ever-fragmenting global order to the AI race and the domestic threat (or reality) of Japanification.

What to watch I October 23, 2025

ECB hits pause again, Fed caught between labor and money market and vigilantes coming for credit

Global Insolvency Outlook 2026-27: Don´t look down!

Trade rerouting and (energy) deflation have prevented tariffs from unleashing the wave of corporate insolvencies many feared. Since early 2025, the Trump administration’s sweeping import duties (11% effective rate in August; 14% likely by year-end) have reshaped global trade flows without triggering a surge in US insolvencies. 

What to watch I October 16, 2025

Germany’s Autumn of Reforms, Lecornu’s government survives in France and the twin rally in gold and equity

Feeding a warming world: Securing food and economic stability in a changing climate

In the 80 years since World Food Day was first established, the transformation of agriculture, fueled by fertilizers and international trade, has helped reduce global hunger – albeit unevenly across regions.

What to watch I October 09, 2025

Quarterly country and sector risk update, term premia and investment promises as trade war currency

Big beautiful data centers: How AI and infrastructure are giving a second wind to an ailing construction sector

Generative AI has become a structural driver of construction. The global AI boom is fueling a frenzy for data centers. In the US, 6.4 GW of data center capacity was under construction at end-2024, double the level of 2023.