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03
Nov
The world economy is limping into November 2025, buffeted by geopolitical crosswinds, policy fragmentation, and structural shifts that defy easy categorization. Despite record highs in many equity markets, beneath the surface, the global order is being re-engineered—one export restriction, cyberattack, and parliamentary deadlock at a time.
US-China Tensions Move Away from the Immediate Brink
Let’s start with the main event: the U.S.–China tech war. Washington thought it had cornered the semiconductor chessboard. By the end of September, the U.S. had expanded...