The US Started the War. The Rest of the World Is Feeling the Effects

Opinion| The Saudis Could Help End The War. Will The US Listen?

The US started the war. The rest of the world is feeling the effects

In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult. The fallout from two months of war...

EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc

China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bnThe EU is experiencing a prolonged “China shock” as a flood of Chinese EVs into Europe helped push Beijing to a record surplus with the bloc.New data showed China’s trade surplus – where its exports to the EU exceeded imports from the bloc – was $83bn (£61bn) in the first three months of 2026. Continue reading...

The U.S. Started the War. The Rest of the World Is Feeling the Effects.

In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.

Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback

Global military spending rose for an 11th straight year to a record $2.89 trillion in 2025, driven by Europe’s rearmament push, even as U.S. outlays declined.

Global military expenditure gains 2.9% in 2025 to $2.887 trillion

Military spending declined in the US but rose by 14% in Europe, and by 8.1% in Asia and Oceania, according to the Stockholm International Peace Research Institute