On April 8, 2025, the S&P 500 closed with a market capitalization of $44.3 trillion, down $0.71 trillion (-1.57%) from the previous day. Since Trump’s April 2 announcement of reciprocal tariffs on key trading partners, the index has lost $6.1 trillion in value—a 12.1% decline—reflecting heightened market uncertainty and investor concerns over escalating trade tensions.

This visual chart was originally published 10 months ago. With the recent tariffs imposed by the United States on several countries most notably a 104% tariff on China, it will be interesting to observe how the distribution of global GDP, stock market valuation and foreign direct investment evolves by the end of 2025.

More satellites than ever are being launched – Elon Musk’s Starlink company alone accounts for nearly 7,000 – while investments in space reached a record $70 billion (CHF62 billion) in 2021 and 2022, the World Economic Forum (WEF) reports. By 2035, the WEF estimates the space economy will be worth some $1.8 trillion.

What is your favorite type of honey? I like clover honey.

The U.S. Emerges as a Net Beneficiary in U.S.–EU Economic Relations: $3.88 Trillion in Capital Inflows vs. $430 Billion in Trade and Income Outflows (Cumulative 2005–2024)

In 2024, the U.S. current account balance with the European Union included a goods trade deficit of –$236.7 billion, a services trade surplus of +$75.6 billion, and net income receipts of +$12.4 billion, resulting in a current account deficit of –$148.8 billion. At the same time, the U.S. financial account recorded +$514.9 billion in net inflows, reflecting strong EU investment in U.S. financial assets such as stocks, bonds, and securities.

Over the cumulative period from 2005 to 2024, the U.S. received $3.88 trillion in financial inflows from the EU, compared to $430 billion in net outflows to the EU for trade in goods, services, and income. These figures highlight the asymmetry in U.S.–EU economic relations: while the EU gained from trade, the U.S. benefited substantially more through capital inflows—underscoring America’s dominant role as a destination for European investment.

• Combating glorification of Nazism, neo-Nazism and other practices that contribute to fuelling contemporary forms of racism, racial discrimination, xenophobia and related intolerance.