WorldcrunchThomas Fischermann has been an editor at ZEIT since 1999. He has lived in Southeast Asia since the beginning of 2025 and coordinates international business reporting from there. The economist and political scientist previously headed the ZEIT offices in London, New York, and Rio de Janeiro.
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
With more than 115 attacks since 2023, Yemen’s Houthis now offer ship operators a website to register vessels and avoid drone or missile strikes, a move that raises alarms among maritime security experts and highlights the rebels’ bid to control global shipping lanes.