Trump thinks that lifting sanctions and reintegrating Russia will weaken Moscow's alliance with Beijing. That is short-sighted. The world Henry Kissinger exploited in 1970 is no longer.
When a start-up using 2,000 old Nvidia chips produced a ChatGPT rival for $6mn, investors took around $1tn out of the big US tech firms. Donald Trump called it 'a wake-up call'. Never a truer word.
Is the Red Sea moving toward an ordered space governed by capable states or toward a grey zone edging toward disorder? Read our February cover story to find out.