Middle East & North Africa

Last May, Chinese solar panel manufacturer LONGi signed an agreement with Saudi trading company El Seif Group to establish large-scale solar manufacturing infrastructure in Saudi Arabia. The deal came several months after the Trump administration's imposition of global tariffs on imports of Chinese solar panels and cells.

During the Trump administration, the usual ways of conducting diplomacy have been upended. Many positions in the State Department have never been filled, and meetings with foreign leaders such as Kim Jong-un and Vladimir Putin have been undertaken with little advance planning. What effect are these changes having now, and how will they affect ongoing relationships between the United States and its allies and adversaries?

Where does the late George H.W. Bush rank in the history of the American presidency? Historical judgments are best left to historians who can appraise a president most accurately, often decades after his death.

George H.W. Bush's administration was evidence of what the establishment was capable of. I worked on the State Department’s Policy Planning Staff during the last two years of the late President George H.W. Bush’s administration. It was my first job in government and an extraordinary period in world history. As I came on board at Foggy Bottom, Bush had just facilitated Germany’s unification. The international coalition that he’d mobilized was in the process of evicting Saddam Hussein from Kuwait. In a few months’ time, Bush would help manage the peaceful unraveling of the Soviet Union and the launch of historic peace talks between Israel and its Arab neighbors via the Madrid process.

President Donald Trump, convinced that he alone can break stalemates with adversarial counterparts on trade and security, will put his theory to the test in Argentina this week. Global markets and foreign capitals are eyeing him anxiously.

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.