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Can Europe break free from US tech dominance?

A Question of Technological Sovereignty Europe’s digital economy remains deeply intertwined with the global technology ecosystem, yet heavily dependent on U.S.-based platforms and infrastructure. Companies such as Microsoft, Google, and Amazon dominate cloud computing, data infrastructure and digital services across the continent. This dependence has elevated technological sovereignty from a policy discussion to a strategic priority. The central question is no longer whether Europe should reduce reliance on external providers, but whether it can do

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Madrid Economic Forum 2026: Interpreting Uncertainty in a Fragmented Global Economy

A Forum Shaped by Structural Uncertainty The 2026 edition of the Madrid Economic Forum takes place in a context defined by persistent volatility, geopolitical fragmentation and shifting economic priorities. As inflation remains uneven, global growth diverges across regions and geopolitical tensions reshape trade and energy markets, the forum positions itself as a space to interpret economic transformation.   Key Themes from the 2026 Agenda 1. Growth Under Fragmentation Speakers and panels converge around a central

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Oil Markets Under Shock: War in Iran and the Global Economic Impact

A New Energy Disruption Global oil markets are experiencing one of the most severe disruptions in recent decades following the escalation of war involving Iran. Attacks on energy infrastructure and the effective disruption of the Strait of Hormuz, through which roughly 20% of global oil flows, have sharply reduced supply and increased volatility across energy markets. Oil prices have surged above $100 per barrel, with spikes approaching historical highs as supply constraints intensify and market

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Brexit and Europe: A Relationship Redefined

From Separation to Strategic Adjustment Since the United Kingdom formally left the European Union in 2020, Brexit has moved from a political rupture to a structural adjustment in European governance and economic relations. The initial phase focused on legal withdrawal and trade arrangements under the EU–UK Trade and Cooperation Agreement. Today, the debate increasingly concerns long-term strategic positioning: how the United Kingdom and the European Union redefine cooperation in trade, security, technology and geopolitical influence.

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The United States Remains in NATO While Redefining the Alliance

A Strategic Recalibration The United States remains committed to NATO, but its approach to the alliance isevolving. Washington is not disengaging from Europe. Instead, it is reshaping NATO sothat European members assume greater responsibility for their own security.This shift reflects a broader reassessment of U.S. global priorities. Europe remainsstrategically important, but it is no longer the sole or primary focus of American foreignand security policy. The alliance is entering a phase of recalibration. Drivers Behind

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Map-style image showing Currency Ambitions: Renminbi symbol, trade routes, reserve currency stacks and central bank officials, illustrating how China leverages currency policy as a geopolitical and economic tool.

China and Global Currency Ambitions: The Renminbias a Strategic Instrument

A New Front in Global Financial Competition China is accelerating efforts to expand the international role of the renminbi. Under theleadership of Xi Jinping, Beijing has made clear its ambition for the Chinese currency toplay a more prominent role in global trade, finance and reserve management.This strategy directly challenges the long-standing dominance of the U.S. dollar in theinternational monetary system. While the dollar remains the primary global reservecurrency, China’s initiatives reflect a broader push to

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