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Evening Analysis – The Gist Gold pierced $3,550 /oz overnight while 30-year U.S. Treasuries flirted with 5 %, a tandem move last seen in the 1979 oil-inflation shock. Reuters, FT and AP all trace the surge to traders pricing a 90 % chance of a September Fed rate cut and hedging against Preside…

Morning Intelligence – The Gist Humanitarian arithmetic rarely shocks, yet yesterday’s UNHCR memo does: the agency will slash its 2025 budget to $8.5 billion—almost 20 % below plan—despite a record 122 million forcibly displaced people. The cut leaves a per-capita spend of barely $70 a year, l…

Evening Analysis – The Gist The Shanghai Co-operation Organisation summit in Tianjin today crystallised an emergent counter-order. President Xi promised a “Global Governance Initiative,” while Vladimir Putin urged joint SCO bonds and a new payments system to bypass the dollar. With members rep…

Morning Intelligence – The Gist China’s decision to host Vladimir Putin and Narendra Modi at the Shanghai Co-operation Organisation summit in Tianjin signals a deliberate tightening of the Beijing-Moscow-New Delhi triangle just as U.S. electoral politics tilt toward renewed tariffs and tech-ex…

Evening Analysis – The Gist Israel’s decision to kill Houthi prime minister Ahmed al-Rahawi—along with five cabinet members—in a precision strike on Sanaa marks the sharpest escalation yet in the year-old shadow war stretching from Gaza to the Bab al-Mandab strait. (reuters.com, apnews.com) Th…

Morning Intelligence – The Gist Russia’s Vladimir Putin stepped onto Tianjin’s red carpet this morning as China opens the largest-ever Shanghai Cooperation Organisation summit—now 10 full members, 16 observer/dialogue states and 3.4 billion people, nearly 40 % of humankind. (reuters.com, aljaz…

Evening Analysis – The Gist President Trump’s late-night “pocket rescission” freezing $4.9 billion in congressionally approved foreign-aid appropriations is more than a budget skirmish; it is an audacious test of constitutional separation of powers. The funds—$3.2 billion for development, $520…

Morning Intelligence – The Gist Turkey’s decision to shut its ports and much of its airspace to Israel severs a trade artery worth roughly $7 billion a year and signals that Ankara is willing to forfeit commerce for clout. Foreign Minister Hakan Fidan framed the embargo as a moral imperative, …

Evening Analysis – The Gist Russia’s overnight barrage on Kyiv—the second-largest of the war—fired 629 drones and missiles, killed 23 civilians and struck three EU diplomatic missions. (aljazeera.com, apnews.com) Europe’s defence ministers, meeting hours later in Brussels, vowed tougher sancti…

Morning Intelligence – The Gist Washington has finally slammed shut the $800 “de minimis” loophole that enabled roughly 4 million low-value parcels a day to enter the United States tariff-free. Every package will now attract normal duties—temporarily $80-$200 for postal shipments—an abrupt jol…