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World

Cuba Has Survived 65 Years of American Sanctions. Now Washington Is Turning Out the Lights

For almost two-thirds of a century, Washington has tried to make Cuba’s revolutionary government economically unviable. The island survived through Soviet support, rationing, public healthcare, Venezuelan oil and the endurance of its people. Now an American energy siege is turning chronic decline into a struggle for electricity, water, medicine and national sovereignty.

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Economics

The Japanese Money That Helped Finance America Is Coming Home

Japan spent three decades exporting cheap capital and became America’s largest foreign creditor. As the yen slid towards ¥164 to the dollar, Washington intervened not just to support Japan, but to contain a threat…

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In depth

Artificial Intelligence (AI)

China Has Not Won the AI Race. But America’s Strategy Is Failing

China has not won the artificial intelligence race, but Kimi K3 shows that American chip restrictions have failed to stop its progress. While the United States commits unprecedented capital to proprietary AI infrastructure, Beijing…

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The wider report

Artificial Intelligence (AI)

Inside the AI Bubble: The Trillion-Dollar Bet That Must Not Fail

Artificial intelligence may yet transform the global economy. But the unprecedented investment pouring into data centres, chips and power infrastructure rests on assumptions that all have to prove true at once. History suggests that…

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