Analysis

Record Growth for Nordic Defence Industry Leaders – Kongsberg, Patria and Saab in 2025

Sweden’s Saab AB, Norway’s Kongsberg Gruppen and Finland’s Patria each delivered outstanding results in 2025, reflecting a historic surge in European defence demand. All three reported double-digit revenue growth and record order backlogs. Together, they captured numerous major contracts and invested heavily to expand capacity. All three Nordic firms are clear beneficiaries of the unprecedented

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After Khamenei: Escalation Scenarios and the New Missile-Centric Gulf

The killing of Iran’s Supreme Leader, Ali Khamenei, in a joint US–Israeli strike has pushed the region out of the long shadow war and into open, state-to-state coercion. Tehran’s response, ballistic missiles, drones, and sustained pressure against Israel and US-linked targets across the Gulf, signals a new baseline. Now, it is about regime survival, alliance

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The Algorithmic Battlespace: How AI Is Rewriting the Rules of Influence

As leaders and security officials gathered in Munich, the most consequential shift in the information war was about the systems that decide what any of us sees in the first place. The latest analysis from NATO’s Strategic Communications Centre of Excellence argues that power is draining from narratives and pooling instead in algorithms, recommendation engines

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European Defence Stocks Surge on Greenland Rift and Rising Budgets

Investors in Europe’s defence industry are unintended winners from the Greenland drama, beyond Moscow and Beijing. Donald Trump’s threats towards Denmark have accelerated a trend already underway, as rising military budgets and doubts about the durability of US security guarantees push European arms makers to record valuations. Markets are treating rearmament less as a political

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GLOBAL Hotspots in 2026

Global Crisis Hotspots in 2026: Escalations from Venezuela to Taiwan

Major powers are behaving as if enforcement is optional. The US operation in Venezuela is the most dramatic illustration so far this year. China’s Taiwan drills are the most consequential rehearsal. Russia’s Ukraine campaign is the costliest grind. Together, they create a world where risk is not a forecast. Risk is a policy choice. Analysts

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Breaking with the Russian Gauge – Baltic States Set to Remove Old Rails to the East

The presidents of Lithuania, Latvia, and Estonia have agreed in principle that if one Baltic state removes its railway connections to Russia and Belarus, the others will follow suit in unison. Meeting in Riga on December 4, 2025, the three leaders discussed dismantling the old 1,520 mm “Russian gauge” tracks that cross their eastern borders. Unprecedented

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