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Canada's Prime Minister Mark Carney speaks during a press conference on the sidelines of the 47th ASEAN Summit in Kuala Lumpur, Malaysia, on October 27, 2025.
Hard Numbers: Bank of Canada slashes staff, US flights grounded by shutdown, Mexico’s president groped in viral incident, Japan targets ursine enemies
10%: The Bank of Canada plans to lay off 10% of its staff. The move comes amid broader cuts of thousands of government workers as Prime Minister Mark Carney tries to streamline operations and gird the country against the longer-term impacts of Donald Trump’s trade war.
40: The US government shutdown will hit travellers this weekend, as the Trump administration plans to cut 10% of air traffic at 40 of the country’s busiest airports. Thousands of flights will be canceled. The move is meant to ease working conditions for air traffic controllers, who have been on the job without pay since the shutdown began more than a month ago.
501: Mexican President Claudia Sheinbaum has filed a criminal complaint against a man who groped her breast and tried to kiss her on Tuesday. The incident was captured on video and went viral. “If I don’t file a complaint, then what message does that send to all Mexican women?” Sheinbaum said. The incident shines a fresh light on the country’s huge problem of violence against women – there have been 501 femicides in the country so far this year. Experts say that’s a vast undercount.
100: Japan hasn’t fought a war in 80 years, but the government has just deployed troops to deal with an internal enemy: bears. This year there have been more than 100 attacks by the animals – including at a hot springs, a bus stop, and inside a supermarket – leaving a record 12 people dead. Overpopulation and shortages of natural food is driving the bears more into settled areas to fatten up ahead of the winter hibernation.
20: Democratic Rep. Nancy Pelosi’s 20th term in Congress will be her last, as the 85-year-old representative for San Francisco and announced she would retire. A fierce leader who has politics in her blood, Pelosi was the first woman to ever serve as speaker, holding the gavel for eight years cumulatively. She was also the Democratic leader in the House for 20 years. Arguably her biggest legislative achievement was shepherding the Affordable Care Act through Congress – although she hated the final version of the bill.Prince Andrew – now Andrew Mountbatten Windsor – leaves Buckingham Palace on the day of King Charles' coronation ceremony, in London, United Kingdom, on May 6, 2023.
What We’re Watching: King’s brother loses royal title, Japan-China tensions surround leaders’ summit, Deadly Rio raid becomes national political issue
Epstein scandal takes down the king’s brother
Prince Andrew is now just Andrew Mountbatten Windsor, after Buckingham Palace stripped King Charles III’s younger brother of his royal titles on Thursday night. The move was caused by Andrew’s relationship with child sex offender Jeffrey Epstein and the ex-prince’s alleged relations with the late Virginia Giuffre when she was a teenager. He will also have to leave his royal home in Windsor. Andrew’s public demise began in 2019, when he had a disastrous interview with the BBC – the interview even became a subject of a film. Despite losing his title, Andrew remains eighth in line to the throne. The Epstein scandal has forced major exits in the UK, but not in the US – could that change?
Cordial Xi-Takaichi meeting masks simmering Japan-China tensions
Is Japan’s new Prime Minister Sanae Takaichi the Viktor Orban of the Pacific? While Takaichi said she “spoke frankly” to Chinese President Xi Jinping on Friday about Beijing’s rare-earth export curbs, aggression in the East China Sea, and human-rights abuses in Xinjiang and Hong Kong, the two leaders also agreed to pursue “constructive and stable ties.” Like her ultra-conservative Hungarian counterpart, Takaichi appears to be building a close relationship with US President Donald Trump while engaging with Beijing – no small feat as tensions heat up in the Indo-Pacific.
Deadly Rio raid becomes national political issue in Brazil
Many of the bodies are still being identified, but the staggering death toll of this week’s raid by police on drug traffickers in a Rio de Janeiro favela has already become hotly politicized. The move against the powerful Comanda Vermelha gang was the deadliest in Brazil’s history: 160 people are dead, including four police officers. Politicians on the right praised the operation, while those on the left – including President Luiz Inácio Lula da Silva – have denounced traffickers but questioned the effectiveness of violent crackdowns. The issue will surely shape next year’s presidential election, with crime a top concern for voters. Lula recently announced that he will seek a fourth and final term.
U.S. President Donald Trump, alongside Japanese Prime Minister Sanae Takaichi, speaks to the country's military personnel aboard the aircraft carrier George Washington at the U.S. Navy base in Yokosuka, Kanagawa Prefecture, eastern Japan, on Oct. 28, 2025.
What We’re Watching: US and Japan sign rare earths deal, Bill Gates softens on climate, world’s oldest leader declares victory
Trump signs deals in Tokyo
US President Donald Trump and Japan’s new Prime Minister Sanae Takaichi signed a critical minerals deal and Tokyo pledged $550 billion of fresh investment in the US, as well as purchases of American pickups. Trump heaped praise on Takaichi, Japan’s first female leader, who is a conservative China hawk and a protegé of slain former PM Shinzo Abe, a Trump pal. Takaichi called for Trump to win the Nobel prize. The dealmaking bonhomie smoothed rocky relations between the US and its longstanding ally Japan. Trump’s next Asia stop is in South Korea tomorrow, ahead of a crucial Thursday summit with Chinese President Xi Jinping. A mooted meeting with North Korean leader Kim Jong Un appears not to be in the cards.
Bill Gates changes his tune on climate change
A week before COP30 climate summit in Brazil, Bill Gates has cautioned against a “doomsday outlook” on climate change. Record scrrrratch – what? The global philanthropist, who has poured billions into the effort to slow global warming, now says we should focus more energy on tackling disease and poverty in the developing world instead. Gates’s focus has shifted in part because of the Trump administration’s moves to slash foreign aid budgets – he wants to fill the void left by defunct USAID programs. Earlier this year his flagship clean energy venture fund shuttered its climate policy group.
World’s oldest leader wins another term in Cameroon
Who’d have guessed it? Cameroon’s 92-year-old President Paul Biya was elected to an eighth seven-year term in office, after he was finally declared the victor of the West African country’s October 12th election on Monday. Biya officially won 53.7% of the vote, against just 35.2% for opposition leader Issa Tchiroma Bakary – who had declared victory last week. Biya’s victory claim has prompted violent unrest in the oil-rich nation, including in Bakary’s hometown of Garoua. The protests had been expected to continue Tuesday, but a combination of bad weather and a fierce crackdown appear to have kept demonstrators at bay for now.
US President Donald Trump shakes hands with Vietnam's Prime Minister Pham Minh Chinh as East Timor's Prime Minister Kay Rala Xanana Gusmao and Singapore's Prime Minister Lawrence Wong look on at the ASEAN Summit in Kuala Lumpur, Malaysia, on October 26, 2025.
Trump’s Asian trade blitz sets up sitdown with Xi
US President Donald Trump kicked off his five-day trip to Asia by signing a raft of trade deals on Sunday with Malaysia, Cambodia, Thailand and Vietnam at the Association of Southeast Asian Nations (ASEAN) summit in Kuala Lumpur. Next, Trump heads to Japan to meet newly-elected Prime Minister Sanae Takaichi Tuesday morning, before sitting down with Chinese President Xi Jinping in South Korea on Thursday. What should we make of Trump’s trip so far, and what can we expect in the week to come?
Deals! Deals! Deals! In Kuala Lumpur, Trump reached agreements that promise to eliminate tariffs on roughly 99% of goods with Thailand, reduce Washington’s $123-billion trade deficit with Vietnam, and secure Malaysia’s agreement not to restrict rare-earth exports to the US. Simultaneously, delegates from the US and China met on the sidelines, producing a preliminary framework for a deal that could pause new American tariffs and Chinese export controls, in preparation for Trump’s meeting with Xi on Thursday.
Tuesday with Takaichi. Next, Trump meets Takaichi, who took office last week. The new Japanese PM is known as a China hawk and has promised to ramp up defense spending to 2% of GDP two years ahead of schedule, which should please Trump. But she also must follow through on her predecessor’s pledge to funnel $550 billion worth of investment into the US by 2030. Japan is reportedly prepared to offer sweeteners to Trump in the form of increased purchases of US soybeans and trucks. The two countries are also set to sign an agreement to cooperate on advanced technologies including AI, quantum computing, and nuclear fusion.
The main event: Trump and Xi. The leaders of the world’s two largest economies will seek to ease a deepening trade war without ceding ground on critical priorities.
According to David Meale, Eurasia Group’s Practice Head for China, the two sides are looking to find a path between each other’s pain points. “In particular, critical minerals need to flow from China to keep advanced industries in the US and elsewhere operating, and certain technologies (especially advanced chips) need to be available to China for its development of emerging technology sectors that are central to its economic blueprint going forward.”
While full details of the Oct. 26 framework are not yet available, both sides aim to make progress on key issues. Trump wants better cooperation from Beijing on stopping the export of fentanyl precursors, as well as further commitments from China to buy US goods, especially agricultural products. Xi, meanwhile, wants to head off Trump’s threats to raise tariffs further and impose fresh export controls on US software exports. And both sides seek a “a final deal” on the sale of TikTok’s operations in the US.
Potential pitfalls. Trump has said he will raise the contentious questions of Taiwanese independence — which the US has implicitly supported despite longstanding Chinese objections — and possibly the detention of Hong Kong media mogul and activist Jimmy Lai. Florida Senator Rick Scott published an open letter urging Trump to press Xi for Lai’s release, and a group of Catholic bishops also has urged his freedom. Lai, who converted to Catholicism in 1997, has become a symbol of Hong Kong’s resistance.
Nonetheless, Meale expects that the meeting will strike a positive tone, due to the respect shown by the two leaders to each other. “Chinese officials believe President Trump is someone with which they can chart a course forward,” he says, “because he is pragmatic and demonstrates respect to President Xi.”
Postscript in Pyongyang? Trump mused this morning about the possibility of extending his trip to meet with North Korean leader Kim Jong Un. “I’d love to meet with him, if he’d like to meet,” said Trump. “It’s our last stop, so it’s pretty easy to do.”
Ian Bremmer: “We’re Living in a Post-American Order”
At the 2025 GZERO Summit Japan in Tokyo, Ian Bremmer delivered his annual "State of the World" address, a stark assessment of our “post-American order.”
He warns that no power is willing or able to fill the global vacuum left behind, driving the world deeper into a G-Zero era: more conflict, more impunity, and more instability.
But his message isn’t just about governments, it’s about us: citizens, businesses, and communities who must build cooperation and trust where leadership has failed.
Watch this excerpt from his keynote to understand why Ian believes that the next global crisis will define the new world order, and how empathy and cooperation could still change our trajectory.
Japan's new Prime Minister Sanae Takaichi (C, first row) poses during a photo session with members of her cabinet at the prime minister's office in Tokyo, Japan October 21, 2025.
Hard Numbers: Japan elects first female prime minister, Former French president goes to jail, The Netherlands to start deporting migrants to Uganda, US army courts private equity
1: As anticipated, Japan’s Parliament elected Liberal Democratic Party leader Sanae Takichi to be the 104th prime minister – and the first female PM in the country’s history. The 64-year-old is an arch conservative, and has long admired the late UK Prime Minister Margaret Thatcher. Her main priority going forward: putting a lid on rising prices. The Japanese yen fell, though, over concerns about Takichi’s potential approach to monetary policy and spending.
5: Former French President Nicolas Sarkozy began his five-year jail sentence in Paris today for soliciting funds from fallen Libyan dictator Moammar Gadhafi during his 2007 campaign. The 70-year-old, who becomes the first former leader of a European Union state to go to jail, still maintains his innocence.
4,200: The Netherlands – which ordered 19,000 asylum seekers to leave the country last year, but only returned 4,200 – plans to deport rejected asylum seekers to a “transit hub” in Uganda starting next year, under a deal modeled on the US arrangement with Kampala. The move faces legal and human rights concerns, though Dutch officials insist it complies with international law.
$150 billion: The US Army is courting major private equity firms—including Apollo, Carlyle, KKR, and Cerberus—to help fund a $150 billion infrastructure overhaul. As the FT reported exclusively, Army Secretary Daniel Driscoll is seeking proposals on ambitious projects like data centers or rare earth facilities, offering financing as part of a broader Trump administration push to integrate private capital into national security.
Japan’s first female prime minister: What Sanae Takaichi means for Japan and Trump
A historic first in Japan: Sanae Takaichi has become the country’s first female prime minister.
Speaking from Tokyo, Ian Bremmer explains why her rise marks a turning point for Japan, and why her close alignment with Donald Trump could reshape global politics.
“President Trump is coming to Tokyo, and she is going to show Trump that she's a big fan and friend on the global stage.”
With Takaichi expected to deepen ties with Trump on security, fiscal policy, and culture, Ian calls her victory both symbolically powerful and geopolitically significant.
Displaced Palestinians live in tents near destroyed buildings as they cannot return to their houses, amid a ceasefire between Israel and Hamas, in Gaza City, on October 19, 2025.
What We’re Watching: Tense Gaza ceasefire holding again, Trump pressed Zelensky on Donbas during Friday meeting, Japan to have first female PM
Ceasefire returns to Gaza after weekend exchange of fire
The US and the Israeli military said Sunday that the ceasefire is holding again in Gaza, after the two sides exchanged fire over the weekend in what was the biggest test so far of the peace plan signed last week. The flare up appeared to begin when Hamas militants – reportedly acting independent of the group’s leadership – hit Israeli soldiers with gunfire and anti-tank missiles, killing two soldiers. Israeli forces responded with a wave of airstrikes, killing 26 people, per local authorities. Israel said it bombed Hamas targets in the enclave, but one of the strikes hit a former school that was sheltering some displaced persons. The ceasefire remains a tenuous one, as Israel seeks the return of the remains of the last 16 hostages, while Hamas demands more aid. The next 30 days, per one US official, will be “critical.”
Trump presses Zelensky to cede Donbas in heated meeting
US President Donald Trump urged Ukrainian President Volodymyr Zelensky to give up the Donbas region and accept a ceasefire deal on Friday, during a meeting that reportedly devolved into a “shouting match” where Trump echoed the talking points that Russian President Vladimir Putin made on their call the day before. Zelensky hoped the meeting would result in the US supplying Ukraine with long-range Tomahawk missiles, a request Trump denied. US Secretary of State Marco Rubio and Russian Foreign Minister Sergei Lavrov will speak in the coming days to prepare a new Trump-Putin summit in the next few weeks – something Zelensky signaled he would be open to attending if invited.
Japan set to have first female PM
Sanae Takichi, elected leader of the center-right Liberal Democratic Party last week, is set to become Japan’s first female prime minister, after her party penned a coalition deal with the right-wing Japan Innovation Party on Monday. The agreement means Takichi will have just enough support when Parliament votes on her ascension tomorrow. The Japan Innovation Party replaces Komeito as the LDP’s coalition partner following outgoing PM Shigeru Ishiba’s decision to resign, meaning the government will take a more pro-business approach. Takichi won’t be the first female leader of Japan, though: Eight empresses have previously ruled over the island.