
Our material world, oil price shocks, and financial crisis risks rising
On the verge of a global economic crisis, Britain is badly exposed on energy and defence.
Analysis of foreign affairs and international diplomacy, including a weekly column from leading geopolitical thinker Tim Marshall.
Live Last read · last published · next check

On the verge of a global economic crisis, Britain is badly exposed on energy and defence.

At the LDC Investment Forum, lead author of the UK's Strategic Defence Review, a former NATO chief, spelled out that the SDR needs faster implementation and more money from the Treasury for defence.

This is Paul Lay's second guest newsletter for Reaction. Iain Martin will be back next week.

A farewell message

While western governments have trusted in global commodity markets to secure their food, nations such as China and the UAE are opting for direct control.

Israeli leader Benjamin Netanyahu has confirmed his intention today to re-occupy the entire Gaza Strip - a plan facing a backlash not just from humanitarian groups and hostage families but from Israel’s military leadership too.

The mayor of Hiroshima has called on the world’s most powerful countries to abandon nuclear deterrence today as Japan marks a solemn anniversary: 80 years since the Americans dropped the world’s first nuclear bomb on the city of Hiroshima, ending the Second World War through devastating means.

The other option for punishing Russia - international sanctions - is a weapon with a poor success rate.

The enormous leverage that Beijing holds over western military supply chains has been thrown into sharp relief today, thanks to a sobering new investigation by The Wall Street Journal.

The shift in position from the 22-member Arab League could do more to keep the window open for a two-state solution than western moves on Palestinian statehood.