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Budapest summit canceled as US slaps new sanctions on Russia
James Davis writes that hopes for a Trump-Putin peace summit have collapsed into renewed confrontation. The meeting was scrapped, new sanctions hit Russia’s oil giants, and both sides blame the other’s intransigence. Moscow talks of composure but shows fatigue, while Trump pivots back to pressure.
Germany’s industrial core bleeds capital as bureaucracy booms
Diego Faßnacht reports that Germany’s famed Mittelstand is being hollowed out as equity buffers shrink and productivity gives way to paperwork. Factory jobs are vanishing even as bureaucratic ones multiply, driving homegrown inflation and eroding competitiveness in what’s fast becoming a slow-motion industrial decline.
Japan’s Takaichi makes a hard right turn, steps on the gas
Scott Foster writes that Japan’s new prime minister is wasting no time. Sanae Takaichi plans to hike defense spending to 2% of GDP, rewrite strategy documents, and press corporate Japan to spend its vast cash reserves. Her approval ratings are high, but the real test will be how long the honeymoon lasts.
