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US & Canada

- YouTube

In this Quick Take, Ian Bremmer breaks down the changing dynamics of the Russia-Ukraine war, where Europe is taking the lead in military support while the US adjusts its approach.

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Pope Leo XIV presides over a mass at Saint John Lateran archbasilica in Vatican City on November 9, 2025.

VATICAN MEDIA / Catholic Press Photo

It’s been six months since the Catholic Church elected its first American pope, Leo XIV. Since then, the Chicago-born pontiff has had sharp words for another high-profile US leader: President Donald Trump, most recently urging “deep reflection” on Trump’s treatment of migrants. Leo’s interventions have irked the White House – but could they also shape political opinion in America?

What has Leo said – and how has the White House responded? Shortly after his election as Pope, a series of tweets by Robert Prevost (Leo’s lay moniker) attacking Trump’s migration policies and the views of Vice President JD Vance went viral, prompting former Trump advisor Steve Bannon to call Leo the “worst pick for MAGA Catholics.” Vance, who converted to Catholicism at age 35, responded, “I try not to play the politicization of the Pope game.”

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- YouTube
What do the US and China have in common? They’re both restless, ambitious, and addicted to growth. On Ian Explains, Ian Bremmer breaks down how both countries are betting their futures on infrastructure. Over the last two decades, China has been on a building spree—everything from high-speed rail to mega dams, bridges, and airports. Entire cities from nothing. Meanwhile, the US infrastructure boom is digital. Companies like OpenAI and Google are spending record amounts on data centers, grid upgrades, and microchip supply chains, the technological highways that will power the next wave of AI.
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- YouTube
Former Swedish Prime Minister Carl Bildt asks whether the world is sliding back into the dangerous era of open nuclear weapons testing, and it all started with a misunderstanding by US President Donald Trump.
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US President Donald Trump and Hungary's Prime Minister Viktor Orbán shake hands as they pose for a photo, at a world leaders' summit on ending the Gaza war, amid a US-brokered prisoner-hostage swap and ceasefire deal between Israel and Hamas, in Sharm el-Sheikh, Egypt, on October 13, 2025.

Yoan Valat/Pool via REUTERS

MAGA’s European hero comes to Washington – with a mission

Hungarian Prime Minister Viktor Orbán will visit the White House today to try to convince US President Donald Trump to allow him to continue purchasing Russian oil despite new US sanctions on Russia’s two largest oil firms. Oil refineries in China and India – the largest two buyers of Russian oil – are already exploring alternatives. But Orbán is hoping he can leverage his personal and ideological connection to Trump to gain a carveout. Landlocked Hungary relies on Russian pipelines for nearly 90% of its oil, though other non-Russian import routes via the Balkans are also possible. With the opposition surging ahead of next April’s election, there’s a lot on the line for Orbán. Will Trump give his mate a favor, or put his foot down?

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Argentina's President Javier Milei gestures after the La Libertad Avanza party won the midterm election, which is seen as crucial for Milei's administration after US President Donald Trump warned that future support for Argentina would depend on Milei's party performing well in the vote, in Buenos Aires, Argentina, on October 26, 2025.

REUTERS/Cristina Sille

Argentina’s Milei says no float just yet

Argentine President Javier Milei says he still won’t float the peso freely, signaling he’ll continue to spend his country’s central bank reserves to artificially manage the exchange rate until the 2027 presidential election. Why is that a big deal? Just last month, ahead of the midterm elections, Milei got $2 billion from the United States – as well as a $20 billion credit line – to shore up dwindling reserves. Keeping the currency strong is part of his broader effort to bring down inflation, which includes taking a chainsaw to government spending. But investors expected that after the midterms – which he won handily – he’d move in a more market- friendly direction, letting the peso float. So much for that. If the policy puts reserves in danger again, will the self-styled “anarcho-capitalist” president get another bailout from Tío Sam?

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Canada's Prime Minister Mark Carney speaks during a press conference on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia, on October 27, 2025.

REUTERS/Edgar Su

10%: The Bank of Canada plans to lay off 10% of its staff. The move comes amid broader cuts of thousands of government workers as Prime Minister Mark Carney tries to streamline operations and gird the country against the longer-term impacts of Donald Trump’s trade war.

40: The US government shutdown will hit travellers this weekend, as the Trump administration plans to cut 10% of air traffic at 40 of the country’s busiest airports. Thousands of flights will be canceled. The move is meant to ease working conditions for air traffic controllers, who have been on the job without pay since the shutdown began more than a month ago.

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