When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

Hugo Perrin-Paulus

See more by Hugo Perrin-Paulus

Photo of Russian President Vladimir Putin and Interior Minister Vladimir Kolokoltsev
FOCUS: Russia-Ukraine War

How Much Does Xi Jinping Care About Putin's ICC Arrest Warrant?

After the International Criminal Court issued an arrest warrant for Vladimir Putin, Chinese President Xi Jinping arrives in Moscow for a three-day visit. How far will he be willing to go to support Putin, a fugitive from international justice?

-Analysis-

PARIS — Since Xi Jinping and Vladimir Putin said last year that the friendship between their nations was "boundless," the world has wondered where the limits really lie. The Chinese president's three-day visit to Russia, which began Monday, gives us an opportunity to assess.

Xi's visit is important in many ways, particularly because the International Criminal Court has just issued an arrest warrant against Putin for his role in forcibly sending thousands of Ukrainian children to Russia. For Putin, there could be no better response to this international court, which he does not recognize, than to appear alongside the president of a great country, which, like Russia, is also a permanent member of the UN Security Council. How isolated can Putin really be, when the leader of 1.5 billion people in China comes to visit?

Watch VideoShow less
Photo of an open cast mine in Kalgoorlie, Australia.
Economy

Lithium Mines In Europe? A New World Of Supply-Chain Sovereignty

The European Union has a new plan that challenges the long-established dogmas of globalization, with its just-in-time supply chains and outsourcing the "dirty" work to the developing world.

-Analysis-

PARIS — It is one of the great paradoxes of our time: in order to overcome some of our dependencies and vulnerabilities — revealed in crises like COVID and the war in Ukraine — we risk falling into other dependencies that are no less toxic. The ecological transition, the digitalization of our economy, or increased defense needs, all pose risks to our supply of strategic minerals.

The European Commission published a plan this week to escape this fate by setting realistic objectives within a relatively short time frame, by the end of this decade.

This plan goes against the dogmas of globalization of the past 30 or 40 years, which relied on just-in-time supply chains from one end of the planet to the other — and, if we're being honest, outsourced the least "clean" tasks, such as mining or refining minerals, to countries in the developing world.

But the pendulum is now swinging in the other direction, if possible under better environmental and social conditions. Will Europe be able to achieve these objectives while remaining within the bounds of both the ecological and digital transitions? That is the challenge.

Watch VideoShow less
Photo of workers at the production line of SAIC Volkswagen in Shanghai
Economy

Will China Invade Taiwan? Volkswagen's €180 Billion Bet Says 'No'

German automobile giant Volkswagen will invest billions in China to manufacture electric vehicles. It has deemed the risk of China invading Taiwan "unlikely," a peek into the calculations that private-sector conglomerates make, just like state actors.

-Analysis-

PARIS — Automaker Volkswagen has decided to accelerate its investments in electric vehicles: €180 billion, mainly in the United States and China. The Financial Times has reported that the company's management evaluated the risk and concluded that China would not invade Taiwan in the short term. It decided as a result that it was reasonable to invest in China, one of its main markets.

It's an interesting vantage point to undertand events. Governments around the world are questioning China's intentions towards the island of Taiwan, which Beijing claims as its own. What is less known is that large companies also need to calculate geopolitical risk and conduct their own analyses.

A few months after Russia's invasion of Ukraine, the President of the European Chamber of Commerce in China, which represents thousands of companies, sounded the alarm in an interview with an economic magazine. Joerg Wuttke mentioned the trauma of Western companies forced to leave Russia and lose everything, and warned Chinese authorities that the same thing could happen if China invaded Taiwan.

Watch VideoShow less
Photo of a person in front of a Silicon Valley Bank
Economy

How SVB Is Different Than Lehman — And Not Different Enough

The fall of Silicon Valley Bank revives memories of Lehman Brothers' bankruptcy. The two situations have some fundamental differences, but there is enough in common that the risks that SVB could spark a new global financial crisis is very real.

-Analysis-

PARIS — In finance, brands can be the omens of disaster. On Monday, April 2, 2007, New Century Financial collapsed. The fall of this "financial institution of the new century," which had failed to properly assess risks, was the true starting point of the great financial crisis that culminated 18 months later with the bankruptcy of Lehman Brothers.

On Friday, March 10, 2023, Silicon Valley Bank (SVB) was shut down by U.S. authorities following the largest bank run in history. Its clients wanted to withdraw $42 billion in a single day.

The closure of the Silicon Valley bank was a result of disastrous management, but also from its central role in a start-up ecosystem that's been weakened by a scarcity of money.

The key question is: Is this closure the starting point of a new crisis?

Watch VideoShow less
Photo of one of Ouagadougou's "rafistoleurs" carrying his sewing machine on his shoulder
Society

Meet The "Patchers," Burkina Faso's Mobile Tailors Cutting Corners On-The-Go

Seven days a week, the "patchers" of Burkina Faso roam the streets of the country's capital, looking out for any clothes that might need mending.

OUAGADOUGOU — They are easy to spot as they crisscross the capital of Burkina Faso. With sewing machines on their shoulders and scissors in hand, they travel around in search of their daily tasks. Many in urgent need make use of their services to adjust an outfit, mend holes, replace a zipper, sew on buttons or repair a tear.

These are the mobile tailors or rafistoleurs ("patchers") of this West African nation of 22 million. They save people time, trouble and often money, and are a common sight on the streets of Ouagadougou.

Watch VideoShow less
Photo of Crown Prince of Saudi Arabia Mohammad bin Salman Chinese President Xi Jinping shaking hands.
Geopolitics

How China's Iran-Saudi Diplomacy Stunned The World — Starting With Washington

The move is seen as a coup for China in its efforts to assert itself as a global superpower, while also presenting itself as a responsible and peaceful nation in the eyes of the non-Western world. The agreement is expected to help reduce tensions in the region and revive hopes for peace in Yemen, where the two countries have been fighting a proxy war.

-Analysis-

PARIS — There is the agreement itself, and there are the circumstances surrounding the agreement. Saudi Arabia and Iran had severed diplomatic ties in 2016 after the execution of a Saudi Shiite leader. The restoration of relations between these two rival Middle East powers is therefore no small feat.

To receive Eyes on U.S. each week in your inbox, sign up here.

But even more intriguing, more spectacular, and totally unexpected is the role played by China. For it was in Beijing that Friday's agreement was signed. The photo of China's top diplomat, State Councillor Wang Yi, surrounded by the Saudi and Iranian ministers, in front of a large Chinese painting in Beijing, attests to a world that has suddenly changed.

This is undoubtedly the first time that China has taken on the role of mediator in the Middle East, a stance that has electrified the region and beyond since the announcement of the agreement.

Watch VideoShow less
photo of snow on graves in Vladikavkaz, Russia
FOCUS: Russia-Ukraine War

At A Hinterland Cemetery, Russians Mourn Their Sons And Stand By Putin

This is the other side of the Kremlin's "special operation" in Ukraine. The human cost of the Russian side remains unclear. The reportage takes place in the capital of one of the poorest regions of Russia, in the heart of the Caucasus, where a growing number of soldiers are buried.

VLADIKAVKAZ — Throughout Russia, military cemeteries continue to fill up and expand. Looking at the dates on the graves, one begins to gauge the scope of the Kremlin's so-called special military operation in Ukraine.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

"We will win this war," says Taïmouzar, 65. "It will be long. But we will make it all the way." .

At the foot of the Caucasus Mountains, Vladikavkaz is one of the poorest regions of Russia — a fertile ground for recruiters looking for volunteers to fight in Ukraine.

Looking at the grave of his son David, 21, the grieving father speaks with certainty: "He didn't want to fight this war," Taïmouzar says. "But he was right to go and fight there. A year ago, the Ukrainians were preparing to attack us. Russia had to defend itself."

Watch VideoShow less
This Happened - March 11: Earthquake, Tsunami, Nuclear Meltdown In Japan
This Happened

This Happened - March 11: Earthquake, Tsunami, Nuclear Meltdown In Japan

One of the deadliest earthquakes and tsunamis in Japan occurred on this day in 2011. Following the natural disaster, a nuclear accident occurred at the Fukushima Daiichi Nuclear Power Plant.

Watch VideoShow less
Israel's Parallel Crises, And The Whiff Of Civil War
Geopolitics

Israel's Parallel Crises, And The Whiff Of Civil War

Israeli Prime Minister Benjamin Netanyahu's return to power with the most right-wing government in the country's history has revealed a deep schism in Israeli society between settlers and secularists.

-Analysis-

Israeli society is facing an intense and unprecedented moment in its history. There have been other protest movements in the past, such as the hundreds of thousands of people gathered against the war in Lebanon in 1982 or the economic demonstration of tents on Rothschild Boulevard in Tel Aviv in 2011.

But in the current wave of protests, there is an existential dimension. It's different than during wars, where it's been literally the physical survival of the Israeli state; this is rather existential in its identity, political system, and the weight of religion.

This is sometimes difficult to understand from the outside, where we often view this part of the world through the lens of the Israeli-Palestinian conflict, which is also escalating. An attack in Tel Aviv on Thursday reminded us that the two crises are evolving in parallel.

Watch VideoShow less
Photo of workers walking by a receiving station for the Nord Stream 1 Baltic Sea pipeline in Lubmin, Germany
Geopolitics

Why The Truth On Nord Stream Sabotage Matters

A new report blames the attack last September on a pro-Ukrainian outfit. It is hardly the last word on the case, but a good sign that the truth will come out in the end, which is crucial to maintain support in the West.

-Analysis-

PARIS — Who sabotaged the two Nord Stream 1 and 2 pipelines connecting Russia to Germany via the Baltic Sea?

The famous pipelines, an absolute symbol of Germany's — now, former — dependence on Russian gas, exploded at the bottom of the sea last September. No one claimed responsibility for this act during the war in Ukraine, giving free rein to all hypotheses, speculations, and inevitable conspiracy theories.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

Sign up to our free daily newsletter.

There is new information in the investigation, without providing a definitive answer on the identity or motivation of the perpetrators. Germany, which led the investigation, revealed yesterday that it had identified a ship that could have been used to carry out the operation. This boat had been rented by a Polish company owned by Ukrainians.

This Ukrainian lead was immediately denied by the authorities in Kyiv.

Watch VideoShow less
Photo of Israeli Prime Minister Benjamin Netanyahu arriving at the site of a shooting attack near a synagogue in East Jerusalem.
Ideas

Netanyahu's Extremist Blitz Is Reaching Its End Game

By challenging Israel's constitutional system and launching a crackdown on the Occupied Territories, Benjamin Netanyahu is playing a high-stakes game opposed by half his country and the country's allies. It can't last much longer.

-Analysis-

In just two months, the most right-wing coalition in Israel's history has achieved a tour de force.

Perhaps because its days are numbered, it has begun a lightning-fast institutional transformation of the Jewish state in a sharply "illiberal" direction; it has taken steps to achieve the de facto annexation of part of the West Bank; it has blown hard on the burning embers of the Israeli-Palestinian conflict; it has divided Israel as rarely before; and finally, it has begun to alienate the support of its main diplomatic partners around the world.

Undoubtedly, this summary may seem excessive to those who observe Israel with the lasting indulgence of disappointed lovers; and insufficient to those who didn't need the return of Benjamin Netanyahu, along with his new friends, to have a strong opinion against Israeli government policy.

Watch VideoShow less
Photo of a 2019 Chinese military parade for the 70th anniversary of the founding of the People's Republic of China
Geopolitics

South Korea And Japan: Burying An Ugly Past To Counter China's Rise

South Korean President, Yoon Suk-yeol, made a gesture of reconciliation towards Japan, the country's former colonizer. It gives Washington hope that its two key Asian allies can overcome differences as they face an emboldened China and North Korea.

-Analysis-

South Korea's leader President Yoon took advantage of the commemoration of a key date in the Japanese occupation of South Korea, March 1, 1919, to make an unequivocal statement: "Today, more than a century after the March 1 movement, Japan has transformed from a militaristic aggressor of the past into a partner with whom we share the same universal values."

It was an outstretched hand with no conditions attached.

Watch VideoShow less