Despite growth in renewables, oil, coal and gas still supply around than four-fifths of global energy • Data highlight huge scope for progress on renewable energy installation globally • Yet Trump's hostility to green energy could halve growth in US renewable energy supply by 2030

How many profs in major PhD granting science departments have *not* advised even 1 Chinese student or Chinese postdoc in the last five years 😧?

Commissioner Maros Sefcovic says the Nexperia saga "very much underlines the lessons we've learned over the past years, and it doesn't concern only China." "Today, everything can be weaponised," he told @shonamurray.bsky.social in an interview.

I cannot emphasize enough that increasing foreign investment in the US and shrinking US trade deficits are in direct, irreconcilable tension w/ one another. *US TO LOWER TARIFF RATE ON SWISS GOODS TO 15%, GREER SAYS *SWITZERLAND AGREED TO $200B INVESTMENT IN THE US, GREER SAYS

Canadian lumber moves to Europe. Once Canada diverts up to 1bn board feet of lumber annually, the US “may feel the supply crunch it appears to be creating”, argued Doman. It would take time to establish confidence in Canadian lumber among British and other European consumers.

Trump Administration Prepares Tariff Exemptions in Bid to Lower Food Prices www.nytimes.com/2025/11/13/u...

Tentative alternative take - could the EU's best hope to counter China on CRMs entail joining forces with G7 allies? (also (a) does the US deal mean there would not be enough supply for EU plants if demand comes in and (b) could it be good for Europe to see EU firms deepen their global footprint?)

The new deals contain unusual concessions that could change the flow of goods in Asia, writes @agathedemarais.bsky.social in @foreignpolicy.com https://bit.ly/4pbQGbq

US tariffs did not result in fiscal bonanza in fiscal year 2025 • At US$1.8trn, US fiscal deficit remained stable in fiscal year 2025 (Oct '24 - Sep. 25) • Data do not back White House claims that Trump's tariffs will help to reduce fiscal deficit and public debt

Access to vaccines is not a privilege — it is a human right. In @statnews.com today, Stefan Peterson and I write about using a human rights-based approach to deal with vaccine denialism and the return of measles, whooping cough and diphtheria www.statnews.com/2025/11/12/c...

Is AI making job recruitment less meritocratic? We're getting some v interesting research studies on this question now, and the news is... not good. @jburnmurdoch.ft.com & I dive in, in the latest edition of our newsletter The AI Shift www.ft.com/content/e5b7...

Battery giant CATL remains in talks with Spain’s government over a plan to have 2,000 Chinese engineers, technicians and managers work on establishing a €4.1 billion ($4.8 billion) manufacturing plant in Zaragoza, according to a company executive.

Brexit made the Britons and the Europeans poorer, and weaker in a world of Trump, Putin & Xi. So why isn't there a concerted push to make amends? I look into this for today's "Morning Post Europe", with very helpful insights of @sbeverts.bsky.social. open.substack.com/pub/europemo...

Useful reminder from Agathe that Trump's negotiators are not to be dismissed or underestimated

KAL's cartoon in The Economist this week

The new US trade deals with Japan, Vietnam, Malaysia & Thailand make for a compelling read - for @foreignpolicy.com I outline how, with these accords, Trump could force partners to invest in the US, give Washington a say over domestic affairs and decouple from China

⭐️ LA 🇪🇺 EN LA ERA DE LAS GUERRAS COMERCIALES #HablamosDeEuropa 🗣️ En el debate público que organizamos el 28/10 en Casa de América, examinamos la estrategia para reforzar su posición como actor global. [ @hablamosdeuropa.bsky.social / MAEUEC ] 🎥 Puedes verlo aquí ⬇️ youtu.be/SdPeCk6Y3XQ?...

The US drew nearly $900mn of its IMF reserves as Argentina received an equivalent amount ahead of a critical debt payment, transactions analysts pinned on Washington’s effort to bolster Javier Milei’s government. www.ft.com/content/2730...

www.politico.eu/article/epp-... Apart from the substantive damage to the EU's green agenda, this is an extremely worrying development: the centre-right (EPP) is demonstrating its willingness to get into bed with the hard right. This opportunism puts the pro-European, pragmatic coalition at risk.

The new US trade deals with Japan, Vietnam, Malaysia & Thailand make for a compelling read - for @foreignpolicy.com I outline how, with these accords, Trump could force partners to invest in the US, give Washington a say over domestic affairs and decouple from China

After covid lull, China's belt and road initiative appears to be back in full swing • In first half of 2025 BRI investments surged to US$124bn, double the amount in same period of 2024 • As developing economies struggle with US tariff shock, Beijing is seizing opportunity to boost global influence

Russia's oil revenues continue to drop amid US sanctions, strong rouble and low global crude prices • Kremlin's oil revenues stood at US$1.1bn/week in early Nov., down from ~US$1.6bn/week in 2024 • China's Sinopec and PetroChina Co. recently cancelled some Russian cargoes following new US sanctions

In the Biden years, the refrain from Brussels was that the carbon border adjustment mechanism (CBAM) was so set in stone that any separate cooperative scheme with the US would kill what they were building. Now, the stone is melting, via @alicemhancock.bsky.social. www.ft.com/content/aaca...

Yesterday US tariffs were having no effect on prices. Today they are and will therefore be reduced on some commodities. Almost like the economy is being run on a completely haphazard basis according to one man's limited comprehension. www.bloomberg.com/news/article...

Problems keep piling up for Lukoil - After declaring force majeure in Iraq because of US sanctions and collapse of overseas business sale to Gunvor, Lukoil is now facing takeover push by domestic rival Rosneft

Interesting comparison. Brexit was the raising of non tariff barriers, leaving the EU's Single Market and Customs Union, and, to a first approximation, unchanged terms with the rest of the world. It was done in a relatively orderly, legalised fashion.

Glaciers are melting at an accelerating rate around the globe • Melting glaciers can alter river flows, destabilise rock on which houses are built and increase risk of floods • In South Asia melting could fuel rows btw China, India, Nepal, Pakistan & Bangladesh for water sharing

"the trajectory is really really really good if you look at it." 🤔

"Lukoil declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, [which] has frozen payments to Lukoil. [...] The move is a sign that sanctions against Russia’s No. 2 oil producer are beginning to impact its international operations. "

NEWS: The UK is no longer sharing intelligence with the US about suspected drug trafficking vessels in the Caribbean because it does not want to be complicit in US military strikes and believes the attacks are illegal, sources familiar with the matter told CNN. edition.cnn.com/2025/11/11/p...

Investors have been selling off the debt of US tech heavyweights, showing how jitters over Silicon Valley’s boom in spending on artificial intelligence have spilled into the bond market. A basket of bonds issued by so-called hyperscalers—companies that are building vast data centres, including

A president who is cutting foreign aid to the world’s poorest countries is committing $20 billion to rescue Argentina from its fiscal irresponsibility. This looks like an Argentina First foreign policy and it isn’t motivated by US national security interests. wapo.st/49bKyew

US tariff announcements have been akin to rollercoaster ride throughout 2025 • Such permanent twists and turns are worst-case scenario for private firms, which crave predictability • Constant changes in US tariff rates mean effective implementation of customs duties on US side is difficult

Growth in renewable energy means number of hours of negative electricity pricing is rising globally • When supply exceeds demand, some grid operators pay consumers to take their power • In some Australian places rate of negative pricing is ~25%; Canberra considering creating free power hours

Headline, aggregate US construction data mask widely diverging trends for sector • Construction spending in factories has slumped this year as firms worry about impact of US tariffs • Meanwhile, construction of (power-hungry) data centres is booming - albeit from a low base

I can't tell you how many interviews I've done where I've been asked: If Trump's policies are so problematic, why are U.S. stocks rising so rapidly. A bit of international context illustrates the real issue here. U.S. stocks have dramatically underperformed other advanced economies.

Canada has just lost measles elimination status. The U.S. will undoubtedly follow shortly. Elimination means that there is no continuous spreading of measles within the country for a year or longer. Canada and the U.S. have blown it, and it’s largely the fault of the anti-vaccination movement.

It's been a rough year for European trade policy. The deal with the US, disputes with China and an overall sense of a worsening economic climate. My latest piece tries to draw out some lessons for Europe www.cer.eu/insights/thr...

“I’ve come to this anti-vax conference with a message: that we need to be more boldly anti-vax,” said Mark Gorton, the head of the MAHA Institute…(he) called for the elimination of the childhood vaccination schedule & removal of vaccines from the market. www.washingtonpost.com/health/2025/...

My Trade Secrets today. If the Supreme Court rules against Trump's emergency tariffs he can replace them. The real impact is political. Tariffs are already unpopular & blamed for high prices; being ruled illegal won't help. But Trump needs them to raise revenue, so he's put himself in a corner.🍿🍿🍿

As Trump Admin uses mob-like tactics to threaten diplomats at international climate talks, important to reengage conversation on what is legitimate use of the economic weapon. New open access piece in JIEL w/Elena Chachko. (academic.oup.com/jiel/article...) www.nytimes.com/2025/11/06/c...

Trump trade war costs US Italian pasta: “Exporters say import and antidumping duties totaling 107% on their pasta brands will make doing business in America too costly and are preparing to pull out of U.S. stores as soon as January.” Via WSJ

Trump is (by far) the most unpopular US president in recent history • In recent weeks Trump's approval rating has fallen to 42%, its lowest level in his second term • Yet Trump is more popular in his second term than in his first; first term sceptics are now converts

🚨Very Strong Job Market Candidates #EconSky The Berlin School of Economics is a unique cooperation of 9 institutions - together we do research and train PhDs/Postdocs. This year: fantastic people in applied micro, behavioral/experimental, and macro. 👇🏻 berlinschoolofeconomics.de/job-market/j...

China's oil reserves keep growing as all Chinese energy firms now need to hold stocks • Since early February China’s stocks grew by 110m barrels, to a record 1.2bn—triple the size of US reserves • China's oil stocks could reach 1.5bn barrels - or ~145 days of imports - by next year

Artificial intelligence investment boom is fuelling US growth as Trump doubles down on AI bet • Data suggest that tech sector has been main contributor to US growth so far this year • Consumption is getting a lift too, via a stock market propelled by bets on AI despite worries of bubble bursting

"China can produce almost a terawatt of renewable-energy capacity in a year. That is enough to supply as much energy as more than 300 big nuclear-power plants." www.economist.com/leaders/2025... I love The Economist's bullishness here

Despite US tariff turmoil, global activity has proved quite resilient so far this year • Efforts to make stocks ahead of tariffs, alongside US dollar depreciation, have played a role here • Weaker greenback typically benefits emerging markets through boost for dollar-borrowers’ balance sheets

Russia's main tank producing company Uralvagonzavod is planning on laying off 10% of its work force in 2026. This is likely linked more to the railway section of the company but still isn't a good look mid war if railway car demand is dropping. www.kommersant.ru/doc/8181859