What the US-India trade deal really means
Trump’s punitive 50% tariffs on India were never going to last and his climbdown reflects the limits of US coercive diplomacy
Markets losing faith in Prabowo’s grasp of economic reality
Indonesia on a 1997-like razor’s edge as investors flee the scene after MSCI warns of a downgrade due to weak governance
Iran’s drones giving Russia a critical edge in Ukraine war
Iran’s drones have enabled Russia to erode Ukraine’s air defenses while preserving missiles for long-range precision strikes
Hong Kong signals caution in stablecoin license rollout
HKMA’s approach underscores push for credibility and risk control, even as too few licenses could initially concentrate the market
Xi’s military purge is not really about corruption
Zhang Youxia’s fall shows Xi will tolerate only so much dissent amid signs PLA is unready for a Taiwan conflict
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JANUARY 30, 2026
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