OPINION

A stress-test analysis of compound external shocks Dr. Manju Shree Pradhan and Tshewang Dorji Gedu College of Business Studies, Royal University of Bhutan Bhutan’s international reserves have recovered from the sharp drawdown recorded in 2023, when a surge in crypto mining related imports placed significant pressure on the external position. …

By Pascal Samfat Literature Review During the past decade, several countries have rapidly expanded their tourism sectors to drive economic growth. In 2025, international tourism contributed 11.7 trillion USD to the global economy. This has stimulated business opportunities in infrastructure development, restaurants, hotels, and entertainment. Although tourism appears economically viable, …

By Tshering Dorji (Mr. Bhutan) Imagine a pill that could make you look and feel younger, boost your health and lifespan, make you stronger, sharper, and leaner, while significantly reducing your risk of cancer. A pill that could strengthen your immunity, increase your libido, and empower you to make better, …

Brahma Chellaney NEW DELHI—On his recent visit to India, US Secretary of State Marco Rubio predictably touted India as one of America’s “most important strategic partners,” citing the two countries’ shared values, “people-to-people ties,” and strategic alignment on “all of the key issues that will define the new century.” But …

By Harsh Pandey* In February 1972, Richard Nixon landed in Beijing for what his National Security Advisor Henry Kissinger had spent two years secretly preparing — a strategic opening designed to split the Sino-Soviet bloc and buy the United States breathing room in a deteriorating Cold War. It was, by …

Bruno Bouygues, Bertrand Badré PARIS—Environmental and climate concerns appear to be in retreat worldwide. The word sustainability has become politically charged, the Trump administration openly mocks corporate ESG (environmental, social, governance) criteria, and many companies are shelving their net-zero-emissions pledges. But look beneath the surface, and you will see something …

By Shlomo Ben-Ami TEL AVIV—Major wars usher in new international orders. The Thirty Years’ War brought the Peace of Westphalia. The Napoleonic Wars gave rise to the Concert of Europe. World War II spurred the creation of the Bretton Woods system, decolonization, and European integration. Even the Cold War gave …

By María Lombardi BUENOS AIRES—Recent AI advances have created widespread expectations of substantial productivity gains. Early studies, such as one showing that AI increased the productivity of customer-support agents by 15% on average (with less-experienced workers getting a much bigger boost), as well as emerging evidence of AI-driven productivity gains …

By Richard Haass and Carolyn Kissane NEW YORK—It is too soon to know when or how the war with Iran will end, or what its geopolitical or economic consequences will be. But one thing is already certain: What is meant by energy security must be rethought. Roughly 20% of the …

S. Alex Yang and Angela Huyue Zhang LONDON/LOS ANGELES—Anthropic’s new AI model, Claude Mythos Preview, has alarmed business leaders and policymakers around the world because of its extraordinary ability to find and exploit vulnerabilities in major operating systems and web browsers. Even the Trump administration, which has feuded with Anthropic …