The transition from a unipolar to a multipolar world order – exemplified by simultaneous conflicts in Ukraine and the Middle East – underscores the strategic imperative of abundant energy and large manufacturing capacities.

The US-led global order of Pax Americana is being rebooted by the Trump administration and replaced by a multipolar world.

This paper discusses how passive investment strategies have driven the market narrowness and increased equity markets’ price inelasticity.

We are currently witnessing the beginning of a prolonged structural energy crisis caused by a poor understanding of what energy is and a lack of knowledge of our dependence on fossil fuels.

The European auto industry has for several years seen significant secular headwinds from a technology change that will also challenge the business models of the auto industry in the next decade.