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Singapore's global moment, with President Tharman Shanmugaratnam

How does a small country like Singapore, strategically positioned between the US and China, navigate a world of growing uncertainty? On the GZERO World Podcast, Ian Bremmer sits down with Singapore’s President Tharman Shanmugaratnam to unpack a global order in flux. For a small country at a global crossroads, managing the current geopolitical moment isn't an abstract concept. It is central to its survival. Despite "radical uncertainty," the city-state has continued to flourish as a global hub for finance, trade, and technology.

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Singapore thrived on globalization. Now what?

Singapore is obsessed with order. From steep finds for littering to harsh punishments for vandalism, cleanliness and discipline are treated as civic duties, not personal choices. On Ian Explains, Ian Bremmer breaks down how that impulse for control reflects a deeper national instinct—one that over the last century has helped Singapore turn itself from a poor island outpost into a global success story shaped by geography, trade, and relentless pragmatism.
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Graphic Truth: Costa Rica’s severe murder rate

Costa Rica was once known as one of the most tranquil and stable countries in Latin America. A dollarized, tourism-oriented democracy so peaceful and picturesque that it didn’t even have an army.

That idyll has been blown apart in recent years as murder rates – particularly among young men – have shot up to new highs. The culprit? Drug cartels. Control over Costa Rica’s ports is a lucrative prize for traffickers looking to ship South American cocaine, mainly from Colombia and Peru, to the rest of the world.

With the global production and consumption of cocaine both at record highs, tiny Costa Rica has been caught in the middle – a bloody new battleground in the transnational drug trade.

Hard numbers: Widespread flooding in southern Africa, White House and Senate appear to strike funding deal, Ukraine’s nuclear reactors at risk, Venezuela to open up oil reserves

392,000: The estimated number of people displaced across Mozambique by recent rain-induced floods. Severe flooding in the southern African nation, as well as in South Africa and Zimbabwe, has killed over 100 people. Experts say climate change has exacerbated the rainfall and flooding.
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What We’re Watching: US weighs Iran hit, Trump nominates Powell’s successor, Chinese firm can’t operate Panama Canal

Are US strikes on Iran imminent?

US President Donald Trump continued to threaten strikes on Iran, saying Thursday they must do “two things” to avoid a strike: end their nuclear ambitions and stop killing protesters. His message comes as the US is building up its military presence in the Gulf (he made a similar move in the Caribbean ahead of the Jan. 3 strikes against Venezuela). One possible option for a strike involves hitting security forces and regime leaders with the aim of reigniting protests and subverting the Islamic Republic. The mere threat of a strike has prompted oil prices to jump this week. Saudi and Israeli defense officials are reportedly in Washington today to discuss potential attacks with the Trump administration, although each side has different motives: the Israelis want to share intelligence on possible targets in Iran, whereas Riyadh seeks a diplomatic solution over fears that a hit could spark a regional war. Meanwhile, Iran’s foreign minister said today Tehran is open to nuclear talks if Trump drops his threats.

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Costa Rica’s crime-time election

In yet another Latin American election shaped by concerns about security and violence, Costa Ricans will vote for president this Sunday.

Leading the polls with roughly 40% support is conservative candidate Laura Fernández, the preferred successor and former chief of staff of current leader Rodrigo Chaves, who is popular but cannot run again due to term limits.

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Think you know what's going on around the world? Here's your chance to prove it.

What UK-China travel agreement was announced this week?

  • A) UK citizens must bring a cuppa to enter China (tea verification at customs)
  • B) Visa-free travel for UK citizens for up to 30 days
  • C) 10-year business visas if you promise not to mention pandas returning to Japan

Take the quiz to see if you guessed correctly!

On Tuesday, the world’s largest trading bloc and the world’s most populous country cinched a deal that will slash or reduce tariffs on the vast majority of the products they trade. If approved by the European Parliament and the Indian cabinet, the deal will cut duties on nearly 97% of EU exports to India, while the EU will grant preferential access to 99% of Indian exports.

The deal is huge. European Commission President Ursula von der Leyen dubbed it the “mother of all trade deals.” Aside from the scale of the two parties involved, it marks yet another trade agreement since US President Donald Trump returned to office that has been struck between two “middle powers” – a term that appears to be gaining popularity. The latest agreement follows the EU’s deal with the South American trading bloc Mercosur, reached a few weeks ago, as well as India’s recent pacts with the UK, Oman, and New Zealand.

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UK-China ties: warming up, or still lukewarm?

This week, Prime Minister Keir Starmer became the first UK leader to visit China in eight years. His goal was clear: build closer trade ties with Beijing. After meeting with Chinese President Xi Jinping on Thursday, the two countries announced that China would grant visa-free travel for UK citizens for up to 30 days and the UK’s AstraZeneca would invest $15 billion into China. The meeting comes after Westminster approved a plan for a Chinese mega-embassy in London. Though the meeting and the embassy approval suggest that London is growing closer to Beijing – a possible hedge against rockier US relations – Starmer and Xi agreed on little else of substance at the meeting, such as a broader trade pact. This may reflect the UK’s reluctance to get too close to China.

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15-20: The number of days before Cuba’s oil reserves run dry, according to the data firm Kpler, should it continue at current levels of demand and domestic production. This comes as Mexico, the largest supplier of crude to Cuba, has halted some oil exports to the island. Cuba’s economy is already deteriorating, but with Venezuela's oil supplies now shut off, it may get even worse.

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Xi Jinping has spent three years gutting his own military leadership. Five of the seven members of the Central Military Commission – China's supreme military authority – have been purged since 2023, all of whom were handpicked by Xi himself back in 2022. But if anyone seemed safe from the carnage, it was Zhang Youxia.

Zhang wasn't just China's most senior uniformed military officer. He was a fellow “princeling” whose father fought alongside Xi's in the revolution, a combat-tested general who distinguished himself in the 1979 war with Vietnam, and someone who had backed Xi since he first rose to power in 2012.

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From a resilient but divided consumer economy to cooling small business hiring, tighter housing affordability, and AI’s shift from buzzword to economic engine, 2025 revealed a “K-shaped” recovery and rapid technological transformation. Bank of America Institute’s 2025 Year in Review distills the data behind the year’s defining trends.

Explore the 2025 Year in Review from Bank of America Institute.

Trump-backed tycoon takes office in Honduras

Conservative businessman Nasry Asfura has taken office as president of Honduras after winning a razor-thin election that his opponent still disputes. Asfura, who was endorsed by Donald Trump ahead of the vote, has pledged to shrink the state, boost investment, and crack down hard on crime in the gang-wracked Central American nation. Will he emulate the controversial but popular strongman approach of his neighbor, and fellow Trump-pal, Salvadoran President Nayib Bukele? Asfura has also said he will reopen relations with Taiwan, a move sure to anger Beijing. China considers the self-governing island to be part of its own territory, and had convinced Asfura’s left-wing predecessor to cut ties with Taiwan.

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Predict the weather: At NYC’s Groundhog Day Ceremony this Saturday in McCarren Park. A real groundhog will be present, while former mayoral candidate Curtis Sliwa will be officiating the ceremony. We will find out whether we are in for an early spring or are cursed with six more weeks of winter. – Riley

Watch: Tottenham v. Manchester City, this Sunday. I wouldn’t ordinarily recommend that anyone watch my beloved Spurs, especially the way they are playing right now, but this game has become something of a curiosity. City are in the midst of another title race with Tottenham’s arch-rival Arsenal, meaning some Spurs fans may actually want their team to lose. A similar thing happened two years ago, when Man City defeated Tottenham – to the delight of many Spurs fans – and won the title. Could history repeat itself? – Zac

Listen: the timeless Tom Lehrer. In the 1950s and 1960s, Tom Lehrer was virtually a household name in the US. The Harvard-trained mathematician who moonlighted as a pianist made it big on the airwaves and on the road with withering musical satire about race/class tensions (“the poor folks hate the rich folks, and the rich folks hate the poor folks, all my folks hate all your folks, it’s American as apple pie”), US coups and militarism (“might makes right, till they've seen the light, they've got to be protected . . . till somebody we like can be elected”) and fears of World War 3 (“We Will All Go Together When We Go!”) Then one day in the late 60s, Lehrer – who died last year at 97 – simply stopped performing and recording new music. Despite that half century of silence, his satire is as sharp and relevant as ever. – Alex K.

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