Russia’s Central Bank raised its key interest rate to a two-decade high of 21% in late 2024 after a surge in inflation. Since then, it has pursued a policy of monetary easing, with the cut from 14.5% to 14.25% on 19th June marking the ninth consecutive cut. This has surprised some analysts, who were expecting a 50-basis-point cut. More broadly, it reflects the cautious approach that Elvira Nabiullina, Governor of the Central Bank of Russia, has taken toward the economy, with

In Ali Abbasi’s The Apprentice, the film’s titular subject, Donald Trump, has his political mythology, by turns, dissected and distilled into a brutal education in winning; attack first, concede nothing, and, above all, declare victory even when facts may indicate the opposite. The film’s dramatisation of Trump’s rise under the impervious tutelage of McCarthy-allied lawyer Roy Cohn presents deal brokering as more a matter of domination than negotiation. Cohn’s lessons are in

May 28 marked the passing of the Iran war from its third into its fourth, and possibly final, month. From early April to June a fragile ceasefire had remained, somewhat improbably, intact, before a flurry of missiles exchanged between Israel and Iran, Tehran’s downing of a US Apache helicopter, and a swift series of US retaliatory strikes against Iran marked an end to this period of relative quiet. Yet days later, on June 14, US President Trump announced that Washington and T

Donald Trump did not engineer the decline of American soft power, though he would probably trademark it if he could. Instead, he is one of its clearest consequences and biggest brands. Long before he entered the White House, faith in the American model was already eroding at home and abroad. Trump emerged from this decline and has spent his presidency accelerating it. After failing to secure a Nobel Peace Prize last year, Trump petulantly wrote to Norwegian Prime Minister Jon

Long gone are the days of muskets, bayonets, and line infantry. Throughout history, the nature of conflict has consistently evolved. Both World Wars drove major advances and a growing reliance on radio communications, aircraft, and tanks, and ultimately culminated in the birth of the nuclear bomb. The Cold War era saw an increased use of precision guided missiles (PGMs), satellite GPS, and surveillance. Today, artificial intelligence, especially drones, is reshaping moder

How “slopaganda” is reshaping the information battlefield Despite America’s tech dominance, Explosive Media , reportedly an Iranian outlet, seems to grasp the American psyche better than current U.S. messaging. This gap is becoming clear as AI-generated content expands. In recent months, Explosive Media’s wave of AI-generated videos has circulated across platforms like X and TikTok. Many are styled with bright, Lego-like animation , paired with English-language rap or narrati

The Iran war has reached the European Union’s back yard, with European warships crowding Cyprus’ shores and drone attacks striking RAF Akrotiri last month. While Europe insists this is not a war, the security of this small island member state is the security of the Union. A few hundred kilometres from the Levant, Europe is quietly building a defensive perimeter around Cyprus – whether it admits it or not. The UK has cleared its bases to facilitate US “defensive strikes” on

“I’m not going to start a war. I’m going to stop wars.” These were the words of Donald Trump, the self-described “President of Peace”, as he railed against America’s interventions in foreign lands instead of “fixing the roads in this country…fixing our highways, our tunnels, our bridges, our hospitals.” America First! He promised his voters, vowing to improve the lives of ordinary Americans above all else. And yet, barely a year into his second presidency, a combination of T