The Globalist Friday 2 January
Jan 2, 2026
Tyler Brûlé, media entrepreneur and Monocle's founding editor, discusses the tragic ski-resort fire in Switzerland, detailing initial investigations and the strain on emergency services. Petri Burtsov shares insights on the seizure of a cargo vessel and undersea cable damage in the Baltic region amidst rising security concerns. Vincent McAvinney delves into the fallout from economic struggles in Iran and the implications of political shifts in the US. Guy De Launay explores the impact of Croatia's euro adoption on inflation and consumer reactions.
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Shadow Fleet Muddies Maritime Enforcement
- The 'shadow fleet' moves sanctioned Russian goods under non-Russian flags, complicating enforcement.
- Fitberg reportedly carried steel, an EU-sanctioned export, linking it to that informal fleet.
Rerouting Worked, Deterrence Remains Patchy
- Telecoms firm Elisa rerouted traffic after the cable hit, avoiding major disruption for users.
- NATO patrols and Baltic surveillance deter but cannot cover the entire sea, leaving legal and jurisdictional gaps.
Economics Sparked Nationwide Protests In Iran
- Iran's protests began with market and currency shocks rather than single-issue mobilisation.
- Widespread economic pain can drive cross-societal unrest more effectively than niche movements.