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China: AI’s open weights and closed doors

Date first published: 28/07/2026 Key sectors: technology, artificial intelligence Key risks: export controls, AI cybersecurity; regulatory changes; trade disruptions Risk development Moonshot AI, a Beijing-based startup backed by Alibaba, released Kimi K3 on 16 July, a 2.8tn parameter model it calls the largest open-weight system yet built. Independent evaluators placed K3 third among all model […]

South Caucasus: Brussels’ uneven push

Date first published: 16/07/2026 Key sectors: all; agriculture; logistics; energy Key risks: supply chain disruptions; political stability; regional conflict Risk development On 2 July the European Union (EU) unveiled a package of trade measures that will liberalise around 80 per cent of Armenia’s exports to the bloc. The package, an addition to the EUR52m announced […]

Gaza and the West Bank: A dog chasing its own tail

Date first published: 14/07/2026 Key sectors: all Key risks: political stability; governability   Risk development On 6 July Hamas’s head of administration Mohammed al-Farra resigned from his position and announced the dissolution of the Government Emergency Committee, the body that has governed Gaza since 2007. This was reportedly done to facilitate the administrative transition process […]

Venezuela: Political aftershocks of the earthquakes

Date first published: 07/07/2026 Key sectors: all Key risks: political stability; governance; political uncertainty   Risk development  On 24 June twin earthquakes measuring 7.2 and 7.5 struck Venezuela, killing at least 3,535 people, injuring around 16,740 others and causing an estimated US$6.7bln in damage. The death toll is expected to continue rising. Interim President Delcy […]

Mongolia: Oyu Tolgoi in the crosshairs – again

Date first published: 30/06/2026 Key sectors: mining Key risks: civil unrest; disruptive unrest; supply chain disruption; cargo transport   Risk development   On 16 June protesters blockaded major roads leading from Rio Tinto’s Oyu Tolgoi mine to the Chinese border, disrupting shipments of copper concentrate exports from one of the world’s largest copper mines. The protesters, […]

UK: From Manchester to Downing Street

Date first published: 23/06/2026 Key sectors: all Key risks: political instability, fiscal consolidation Risk development Prime Minister Keir Starmer announced his resignation on 22 June 2026, less than two years after leading Labour to a landslide general election victory. Labour won the 2024 general election with a majority of 172 seats, but since then, a weak economy […]

Lesotho: Deal of the decade?

Date first published: 16/06/2026 Key sectors: technology; renewables Key risks: frustration of process; economic risks; business risks; political instability Risk development On 4 June Maseru signed an agreement with US company Convalt Energy to build the 1,200-megawatt (MW) Kobong Hydropower Plant and artificial intelligence (AI) Data Centre in Mokhotlong district. Worth a total of LSL98bln […]

Armenia: Revolution, continued

Date first published: 09/06/2026 Key sectors: all Key risks: political stability; policy uncertainty; governance Risk development On 7 June Prime Minister Nikol Pashinyan’s Civil Contract party won parliamentary elections with 49.9 per cent of the vote, securing a governing majority of 64 of 105 seats. The Russia-friendly opposition alliance Strong Armenia, led by billionaire Samvel […]

NATO-Russia: Spillover season

Date first published: 26/05/2026 Key sectors: aviation; energy; defence Key risks: targeted attacks; regional conflict; regional escalation Risk development On 29 May at least two people were injured and hospitalised with burns after a Russian drone struck an apartment block in Galati, Galati county in eastern Romania, near the border with Moldova and Ukraine. The […]

Israel-UAE: A pragmatic partnership

Date first published: 26/05/2026 Key sectors: all Key risks: regional conflict; political stability; governance Risk development On 18 May the United Arab Emirates (UAE) and Israel established a joint defence fund, demonstrating how the Middle East war – initiated by the United States (US) and Israel against Iran – has been accelerating security cooperation between […]

United Kingdom: The Makerfield Test

Date first published: 19/05/2026 Key sectors: all Key risks: political instability, political impasse, government instability Risk development Makerfield is an unremarkable post-industrial constituency on the western edge of Greater Manchester. It is an unlikely setting for a contest that may determine the future of the Labour Party and the next occupant of Downing Street. On 14 May […]

Iraq: A placeholder in a pressure cooker

Date first published: 07/05/2026 Key sectors: political Key risks: political stability; governance; political polarisation; economic risks; business risks; tribal violence; sanctions Risk development On 27 April Iraq’s President Nizar Amedi, who was elected on 11 April, nominated businessman Ali al-Zaidi as prime minister-designate following months of political deadlock within the Shi’ah Coordination Framework (CF). The […]

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