Globalization
Donald Trump’s Digital Mercantilism
Donald Trump seeks to protect large US tech companies from European regulations, while the EU demands accountability from digital companies.
October 8, 2025
Donald Trump seeks to protect large US tech companies from European regulations, while the EU demands accountability from digital companies.
The UN turns 80 promoting collective action for global challenges such as climate change and poverty. Navid Hanif, at the UN General Assembly, highlights the importance of uniting 193 countries for shared solutions, advocating for the Sustainable Development Goals, the fight against climate change and inequality, and the need for investments for sustainable development.
Ukraine’s energy sector, inherited from the Soviet era, faces modern challenges and dependence on Russian sources. Since the 2014 Revolution, Ukraine has been integrating with the EU and reforming its energy sector. The 2022 Russian invasion sought to cut off electricity, but Ukraine showed resilience. Prior to 2022, the sector was opaque and dominated by monopolies.
The European Union faces challenges in sustainable finance and climate security, leading in the sector but facing global obstacles. It reviews its framework to simplify rules and increase competitiveness. The industry is affected by the desertion of decarbonization targets and climate alliances. Insurers must cover risks of extreme climate events, with possible solutions at the European Union level. The Bruegel conference in Madrid discussed these topics.
During the COVID-19 crisis, the U.S. Treasury used the Exchange Stabilization Fund (ESF) to backstop Federal Reserve lending programs. In October 2025, it was proposed to use it to help Argentina, with a $20 billion bailout, which generated controversy. The ESF has a balance of $43.4 billion.