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Stalemate, decline, and industrial resolve


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Kyiv’s red lines keep Ukraine war locked in stalemate

James Davis reports that US–Ukraine talks failed as Kyiv rejected territorial concessions and sought security guarantees, betting on European backing. With EU divisions over seizing Russian assets and Russia advancing militarily, prospects for a negotiated settlement continue to deteriorate.

Germany is locking in a weaker economic equilibrium

Diego Faßnacht argues Germany’s downturn is structural, not cyclical. Firms are relocating capital, supply chains and labor abroad amid policy uncertainty and weak growth. Political debates remain disconnected from investment realities, risking long-term economic decline rather than recovery.

Japanese AI, national industrial policy and the semiconductor industry

Scott Foster outlines how Japan, unlike Germany, is executing a coherent industrial strategy. Rapidus has become a broad national semiconductor project, combining state support and private-sector expertise to rebuild advanced logic manufacturing and reduce reliance on foreign chip supply.

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