21-07-2025

Global Economic Resilience Amidst Geopolitical Tensions

Date: 21-07-2025
Sources: economist.com: 5 | france24.com: 1
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Source: economist.com

Image content: The image depicts two men, likely politicians or dignitaries, seated in ornate chairs in a lavishly decorated room. Donald Trump is on the right side of the image, smiling and gesturing as he speaks to the other man, who is on the left.

Summary

The global economy shows resilience amidst various crises, including the ongoing conflict between Russia and Ukraine, with significant developments in trade policies and military aid. The EU faces criticism for its proposed budget, while the US has shifted its stance on supporting Ukraine.

Key Points

  • The EU has unveiled a draft budget for 2028-2034, criticized for being inadequate in addressing significant challenges.
  • US President Donald Trump has changed his stance on Russia, announcing support for Ukraine with Patriot missiles and threatening tariffs on countries doing business with Russia.
  • Trump's tariffs have raised concerns about their impact on the US economy, with the Big Mac index used to illustrate potential negative consequences.
  • Russia launched a deadly missile and drone attack on Ukraine, killing at least one person and causing multiple fires in Kyiv.

Articles in this Cluster

Despite enormous challenges, the EU sticks with its puny budget

The European Commission has unveiled a draft budget for the European Union covering the period from 2028 to 2034, despite the EU facing numerous significant challenges. Critics argue that the proposed budget is inadequate, describing it as 'puny' in relation to the scale of the challenges ahead. The budget includes cuts to farming subsidies among its provisions.
Entities: European Union, European Commission, Brussels, Olivier Heiligers, The EconomistTone: neutralSentiment: negativeIntent: inform

Fed up with Putin, Trump offers Ukraine arms and tariffs

US President Donald Trump has shifted his stance on Russia, announcing that America will resume supplying Ukraine with Patriot air-defence missiles and other weapons. He also threatened to impose 100% tariffs on countries doing business with Russia if a peace deal is not reached within 50 days, marking a significant change in tone from his initial post-election call with Vladimir Putin in February.
Entities: Donald Trump, Vladimir Putin, Ukraine, Russia, AmericaTone: neutralSentiment: negativeIntent: inform

Our Big Mac index will sadden America’s burger-lovers

The article discusses the impact of President Donald Trump's tariffs on the US economy, specifically highlighting the increase in average effective tariff rates and the potential effects on American consumers and businesses. The Big Mac index is used as a reference point to illustrate the potential negative consequences of Trump's trade policies.
Entities: Donald Trump, America, Russia, Ukraine, European UnionTone: neutralSentiment: negativeIntent: inform

Trump’s U-turn on Russia is utterly cynical—and welcome

The article discusses President Donald Trump's sudden change in stance on supporting Ukraine in its conflict with Russia, shifting from threatening to cut off weapon supplies to showing enthusiasm for supporting Ukraine. The author views this U-turn as cynical but welcomes it as it could help Ukraine defend itself and stabilize its weakening position.
Entities: Donald Trump, Russia, Ukraine, America, EuropeTone: analyticalSentiment: positiveIntent: inform

War, geopolitics, energy crisis: how the economy evades every disaster

The article discusses how the global economy has shown resilience in the face of various crises such as wars, geopolitical tensions, and energy shortages. It highlights historical examples, such as British investors profiting during World War II, and explores the concept of 'disaster-proof capitalism' as a possible explanation for the economy's ability to evade disaster. The article also touches on current issues like Trump's tariffs and their impact on various industries.
Entities: Adolf Hitler, France, Europe, London, British investorsTone: neutralSentiment: positiveIntent: analyze

Russia launches deadly missile, drone attack at Ukraine

Russia launched a deadly missile and drone attack on Ukraine, killing at least one person and causing multiple fires in Kyiv, hours before French Foreign Minister Jean-Noël Barrot arrived in Kyiv for a two-day visit to support Ukraine in its fight against Russia's invasion. Ukrainian drone attacks also caused chaos at major airports serving Moscow, with thousands of passengers affected.
Entities: Russia, Ukraine, Kyiv, Jean-Noël Barrot, FranceTone: neutralSentiment: negativeIntent: inform