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Five U.S. Companies Will Spend Nearly Three-Quarters of a Trillion Dollars This Year, and None of Them Can Say How Much They're Getting in Return.

• We inaugurate the A7 to Bacău, but we lose billions, reforms and a historic chance to modernize 

• Amazon climbed from ninth place in 2020 to first in 2026 • Walmart fell to second place after 15 years at the top 

• Subscriptions open on September 2 • The company, which will debut on Shanghai's STAR market, wants to raise around $900 million 

Skoda Group has launched a broad offensive on the Romanian rail transport and urban public transport market, and the offer on the table includes classic electric multiple units and battery trains for non-electrified lines, trams adapted to the...

• The Rhine Group, the organization set up by Mario Draghi to reform Europe's economy, was launched on August 24 • The first meeting of the 57-member group will take place between September 20-23 • Draghi set up the group, dissatisfied that only...  

• Companies listed on the US stock exchange represent about 44% of global capitalization • The US share of capital market capitalization has increased from about a third in 2012 • China and the EU have markets valued at $15.5 trillion each 

• The state has to cover its largest financing need so far this year, and the rule put into consultation by the National Bank turns savings into a guarantee  

CIA director John Ratcliffe made a secret visit to Moscow two days ago. In fact, the visit would have remained secret if the American military Boeing C-17A Globemaster III plane that the CIA director flew from Lithuania to Moscow had not been...

• Forecasts show that the global economy will grow by almost $25 trillion between 2026 and 2030 • The US ($37.7 trillion) and China ($26 trillion) will remain the world's largest economies • Germany and India are expected to be, almost...  

The European Union is facing a problem that goes beyond the usual political alternation: in more and more states, parties are no longer able to build stable majorities, and governments are forced to constantly negotiate parliamentary survival.

Donald Trump has built his entire foreign policy doctrine on a simple, brutal and dangerously seductive belief: the United States is so powerful, rich and indispensable that any adversary can be brought to its knees and any ally can be forced to...

• The Top Threat - A Correction in AI Investments • Next in line are Escalating Geopolitical Conflicts and High Energy Prices 

The leaders of the EPP and Renew Europe, Manfred Weber and Valerie Hayer, sent a letter to the President of the European Commission, Ursula von der Leyen, warning that the "Fritz amendment”, adopted by the PSD-AUR majority and...

A state always pays for the war in the same order: from reserves, from loans, from taxes, from issuing currency.

The Russian state lost its bond buyers in July, and the banks that were supposed to buy them are losing seven months of deposits. The gap has been filled by the central bank, which has become the main provider of liquidity to the banking system....

Foreign buyers of oil and gas cover less than half of the cost of Russia's war, and they don't lend it any money at all. There is, in verifiable accounts from 2026, no line of credit opened to the Russian state or Russian banks by a BRICS...

The price of gold ended a week on Friday with a significant upward course, this being the third consecutive week of growth for the yellow metal.

The provisions of the Pentagon bill approved by the House of Representatives, through which the military relationship between the United States and Israel would be transformed into a permanent institutional mechanism for research, production,...

• TITLE I - THE PERSON, LIFE WITH PURPOSE, AND LIBERTY 

• The US dollar has lost nearly 23% of its purchasing power since the end of 2019 • Switzerland has retained the most purchasing power, losing less than 7% • Turkey has seen the steepest decline, with its purchasing power diminished by nearly 90% 

Today we publish "The Constitution of Effective Freedom E”, a description in normative language of the desirable society, which provides the occasion for the launch of ILEB - the BURSA Effective Freedom Index, which establishes, in...

• BIEL 2026 • Global Ranking • 188 national systems  

• Indicators • Thresholds • Sources • Calculation Protocol  

The Constitution of Liberty "E” is not a draft law intended for immediate adoption, but a description of a desirable society - a normative model against which the legitimacy of any social order can be measured.