A fresh scramble for influence is under way across Eurasia, but no new superpower bloc is ready to replace the US-led order. China, Russia, India and Turkey all want more room to manoeuvre, yet each is boxed in by rivalries, economic limits and clashing strategic interests.

Europe’s extreme weather is no longer just an environmental problem. The Modern Diplomacy analysis argues that wildfires, floods, droughts and heatwaves are becoming a direct threat to public budgets – and governments are still treating them too much like one-off emergencies.

Europe is safer than it was during the 2022 gas panic – but TEPSA warns that safer does not mean secure. The EU has cut Russian gas, diversified suppliers, filled storage more professionally and accelerated clean-energy deployment. That is real progress.

Romania is about to become one of Europe’s most important new gas players – and CEPA argues the EU should stop treating that as a narrow national windfall. With Black Sea production from the Neptun Deep project expected to start in 2027, Romania may have surplus gas at exactly the moment Europe is trying to finish its break with Russian supply.

NATO’s European members are finally spending serious money on defence. The IISS analysis says the rise is real, rapid and historically significant: European NATO budgets are expected to climb by almost 10 percent in 2026, reaching around $639 billion. Since Russia’s full-scale invasion of Ukraine, nominal spending has surged by more than 90 percent.

Europe is burning, and Chatham House says Britain’s new government cannot treat this as another summer emergency. Record heatwaves, drought and wildfires have exposed a harsh truth: climate adaptation is still treated as a side issue when it should be at the centre of economic policy, public investment and foreign policy.

Europe has a banking problem it can no longer hide. Howard Davies’ Project Syndicate commentary points to a brutal comparison: the five biggest listed EU banks together are worth less on the stock market than America’s largest bank, JPMorgan Chase.