The Public Investment Fund is no longer dependent on a single oil dividend stream — the shift recasts what 'sovereign capital' from Riyadh can do.
Above: The financial district at first light, viewed from North Sound. The territory administers more than $4 trillion in regulated assets — roughly four percent of the world's hedge fund capital. — for The Journal
What looked in 2022 like a cyclical energy shock has become a permanent shift in German competitiveness — and the largest chemical site in Europe is downsizing in real time.
After Flamanville's overruns, France's domestic nuclear renaissance was widely doubted. EPR2 site preparation and steady supply-chain ramp are changing the verdict.
After fifteen years of half-finished consolidation, UniCredit's domestic strategic shift is forcing the final mergers Italy's banking sector needed.
Spain has so much committed solar capacity that the binding constraint is transmission and storage. The next decade of energy capex flows away from generation toward integration.
Poland is now the EU's largest defense spender by GDP share. The industrial build is durable, well-funded and increasingly export-oriented.
After two years of currency reform shock and inflation pain, Egypt's stabilization program is producing measurable industrial and export recovery.
Three years of CPI flirting with zero has finally exhausted the policy playbook of targeted lending — large-scale bond purchases are now the path of least resistance.
With Greek sovereign debt back at investment grade and the Big Four banks finally cleaned, the last leg of the periphery-crisis trade has closed.
Greek sovereign debt regained investment grade in 2023 from S&P and has since been confirmed by Moody's and Fitch. The slower-moving but more consequential change has been at the bank level. Alpha, Eurobank, NBG and Piraeus — the Big Four — have systematically reduced non-performing exposures to single-digit ratios, restored profitability, and are now retur
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Elon Musk testifies in the high-stakes OpenAI trial, alleging the company breached its founding mission for profit. Learn how this lawsuit could reshape AI's future.