Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
Asia
As the US economy continues to defy expectations, Eurasia Group Managing Director of Global Macro Robert Kahn says the key question is whether a slowdown has been avoided or merely delayed. “The headline here is the impressive resilience of the US, maybe also the global economy over the last six months,” Kahn tells GZERO Media’s Tony Maciulis on the sidelines of the 2025 World Bank–IMF Annual Meetings.
He points to an AI-driven boom and tariff dynamics as major short-term supports, while warning that these trends may not be sustainable. Kahn also highlights deep uncertainty in the US–China trade relationship, describing a “fragile” moment of misunderstanding and escalation. Looking ahead, he flags the uneven nature of US growth and a prolonged government shutdown as key risks that could shift the economic outlook heading into the end of the year.
This conversation is presented by GZERO in partnership with Microsoft. The Global Stage series convenes global leaders for critical discussions on the geopolitical and technological trends shaping our world.
Federal officers detain a man at the Immigration court office areas at the Jakob Javits Federal Builing in Lower Manhattan on July 28,2025 in New York City.
48: Pakistan and Afghanistan agreed to a 48-hour ceasefire after a series of skirmishes along their 1,622-mile long border over the last week. The two neighbors have long had a testy relationship, dating back to Afghanistan’s vote against allowing Pakistan to join the United Nations in 1947. Their current tensions center on the Taliban’s reporting funding for a militant group that seeks to undermine the Pakistani government.
14%: Soy plantations cover 14% of Brazil’s agricultural land – and they are now the subject of a major geopolitical muddle involving the US and China. At stake are Brazil’s rainforests. Beijing has stopped buying soybeans from the US amid a broader trade dispute, and seeks to fill the shortfall through Brazil, which could threaten President Luiz Inácio Lula da Silva’s efforts to stem deforestation.
79: South Korea is working to rescue citizens trapped in Cambodia’s online scam centers, where hundreds have been trafficked, tortured, or killed after being lured by fake job offers. Officials say 79 remain missing. The crackdown follows US, UK, and Chinese actions against Southeast Asia’s multibillion-dollar cybercrime networks.
US–China relations are once again on edge. After Washington expanded export controls on Chinese tech firms, Beijing struck back with new limits on critical minerals. President Trump responded by threatening 100% tariffs, then quickly walked them back.
Ian Bremmer says neither side wants a full trade war: “Trump doesn’t want to risk inflation or crash the markets, and Xi knows both countries have real leverage over each other.”
As Trump and Xi prepare to meet, from TikTok control to Taiwan tensions, Ian explains why “this relationship is tense, but not heading for a blow-up.”
64: Torrid rains in Mexico last week – the result of an unusual clash of hot and cold fronts – have left 64 dead and another 65 missing. The rain damaged some 100,000 homes, and has left five states without power. The worst-affected areas were in the central parts of the country, as well as along the Gulf Coast.
3: Just three days after the Norwegian Nobel Committee awarded its Peace Prize to Venezuela’s opposition leader Maria Corina Machado, Caracas shut its embassy in Oslo on Monday. The Venezuelan didn’t mention Machado in its statement about the closure. Norway also suffered a diplomatic blow for similar reasons in 2010, when China suspended trade relations after the Nobel Committee awarded its prize to Chinese dissident Liu Xiaobo.
5: China sanctioned five US-linked subsidiaries of South Korea’s Hanwha Ocean, accusing them of aiding US investigations. The move coincided with new US-China port fees and sent Hanwha shares down nearly 6%. Seoul said it’s assessing the impact as tensions over shipbuilding escalate.What We’re Watching: Israeli hostages return home, China snaps back at Trump’s tariff threat, Madagascar’s president flees the country
Released hostage Evyatar David, who was kidnapped during the deadly October 7, 2023 attack by Hamas and taken to Gaza, reacts upon arrival at the site of Rabin Medical Center-Beilinson Hospital, in Petah Tikva, Israel, on October 13, 2025.
The Israeli hostages are finally home – but what next for Gaza?
After two years in Hamas captivity, the last 20 living Israeli hostages – all of them men – have returned home from Gaza, sparking jubilant scenes both for the families and across the Jewish state. US President Donald Trump touted their return during a speech to the Knesset, declaring that Israel was “at peace.” As part of the deal, Israel released over 1,900 Palestinian prisoners. Though the ceasefire is holding in Gaza, there remains a huge amount of uncertainty over the fate of the enclave and its management, as thousands of Palestinians return home to destroyed neighborhoods. Hamas is reappearing on Gazan streets, and has been clashing with rival Palestinian clans in recent days – with dozens killed. Under Trump’s 20-point peace plan, Hamas will have no role in Gaza’s future, yet the US president said over the weekend that the militant group has “approval for a period of time” to run security there. But for how long?
China hits back following Trump’s tariff threat
There might be a ceasefire in Gaza, but the US-China trade war is heating up again, as Beijing pledged to hit back at Washington should Trump follow through with his Friday threat to impose 100% tariffs on Chinese goods. The US president is trying to bring the temperature down again, saying on social media yesterday that he doesn’t want to “hurt” China. He also appeared to retract his threat to cancel his meeting with Chinese President Xi Jinping later this month in South Korea. Markets swung wildly over the weekend and into Monday amid the latest war of words between the world’s two biggest superpowers.
Madagascar’s president flees the country
Madagascar’s President Andry Rajoelina fled the country on Monday, after the elite CAPSAT military unit joined the Gen-Z led protests that have raged across the country since September. CAPSAT further announced that they are taking over the army. The protests began over water and electricity shortages but have spiraled into grievances like corruption and quality of life. CAPSAT brought Rajoelina to power in a 2009 coup, but on Saturday announced that it would not shoot on the protesters and escorted them into the capital’s main square. The toppling of Madagascar’s government opens questions of who will lead the country next, and mirrors recent protests against ruling elites in countries like Nepal, Indonesia, and Morocco.
We’re living in a time of record-high conflict, a level of violence not seen since World War II. The past four years have been marred by deadly battles in Ukraine, Gaza, Sudan, Myanmar, and beyond, with approximately 14% of the planet’s population now impacted by war.
While the more than 120 million people displaced by conflict have acute needs of safety, shelter, food, and education, there are needs unseen that too frequently go untreated.
A mental health crisis
In an unprecedented assessment this summer, UNICEF reported that 100% of children in Gaza are in need of mental health and psychosocial support (MHPSS.) While the pending peace deal could put an end to the physical violence, the road to true wellness will be long and complicated for all those who have survived.
Globally, there are an estimated 66 million people in humanitarian crises living with mental health conditions. And of the less than 0.029% of global GDP that goes to humanitarian assistance, only 2% of that amount goes to mental health services.
If untreated, the impacts of this trauma can contribute to higher rates of depression and anxiety, learning loss and disrupted education, and even self harm. Suicide is the top cause of death globally for people ages 15-29.
A Greentree plan grows
Last November, United Nations Deputy Secretary-General Amina Mohammed urged a gathering of more than 50 mental health experts to focus on this issue.
“We need to put the head back on the body” in our approach to humanitarian aid, DSG Mohammed told us in her closing remarks. Treating the needs of the body is only one part of the equation—caring for the mind is a large part of keeping a person well.
Now, a year after that event, the United Nations has launched the Greentree Acceleration Plan, named for the venue where the retreat was convened. With $13.2 million in backing from the Wellcome Trust, the UN is embarking on two pilot programs, one in Chad where 40% of the population requires aid, and the other in Lebanon.
The goal is to find scalable solutions to bring better mental health care to more countries, communities, and conflict zones around the world.
A day for awareness
Today, on World Mental Health day, I wanted to share with you a conversation I recently had with actress Carey Mulligan and activist Jin Dawood on the sidelines of the UN General Assembly, during an event where the Greentree Acceleration Plan was announced.
Mulligan is an ambassador for War Child, a UK-based charity that provides mental health care, education, and support to kids in conflict zones worldwide. Dawood, herself a former refugee and survivor of civil war in Syria, founded Peace Therapist to provide digital MHPSS services to children in Arabic, Kurdish, Turkish, and English.
Both shared personal stories of children in crisis they’ve met through their work, and the importance of raising awareness for mental health support long after a war has ended.
Over dozens of trips to troubled regions, Mulligan has seen first-hand the impact that MHPSS can have on a child’s life. “Part of that is giving children the right to a childhood,” she said. “But also, you cannot expect a country to rebuild itself if children are illiterate and traumatized.”
As Dawood explained, “That's why it's so important for people to be able to have therapy, to be able to rebuild themselves from inside and start the inner peace, and also contribute to building peace in the world.”
Watch my full conversation with Carey Mulligan and Jin Dawood above..
What We’re Watching: China increases its trade leverage, Modi and Starmer meet, US undercuts Canada’s auto industry
U.S. President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017.
China cracks down on critical minerals
China has implemented broad new restrictions on exports of rare earth and other critical minerals vital for semiconductors, the auto industry, and military technology, of which it controls 70% of the global supply. The restrictions come after China cut back its purchases of US soybeans, as Beijing seeks to strengthen its negotiating position ahead of trade talks between Xi Jinping and Donald Trump later this month.
Modi and Starmer cut defense deals in New Delhi
UK Prime Minister Keir Starmer and a posse of 100 business leaders took a trip to India on Monday, where he and Indian Prime Minister Narendra Modi unveiled a plan to double their current $56 billion of trade by 2030. During the visit, they announced new defense deals worth over $799 million, marking a push to reduce India’s reliance on Russian arms, even as the two sides differ over Moscow’s war in Ukraine. Starmer confirmed he discussed India’s purchases of Russian oil with Modi but respects India’s strategic independence and sees defense cooperation as key to strengthening their partnership.
Carney and Trump meet to talk tariffs
Washington and Toronto buzzed this week with talk of the Canada-US relationship. On Tuesday Prime Minister Mark Carney joined President Donald Trump in the Oval Office for a warm but inconclusive meeting. There were no breakthroughs on tariffs, just promises to “work quickly” on steel, aluminum, and energy. Trump did reportedly appreciate Carney’s proposal to revive the long-dead Keystone XL pipeline, which Trump had proposed in February.
The next day in Toronto, Commerce Secretary Howard Lutnick told attendees at the Eurasia Group and BMO US-Canada Summit that bilateral tariff deals were possible but that the integration of the two countries’ auto industries was “over.” This provoked angry reaction from Ontario Premier Doug Ford, who threatened to retaliate by cutting off energy and critical-mineral exports to the US.