London Business School's New Dissident Dean
'I have never been a politician, and I am not a political refugee. I left Russia for personal reasons: I personally prefer to stay free,' he wrote in the New York Times in June 2013, announcing why he would not return to his homeland (he was in Paris at the time). Guriev's lauded research has focused on political economics, including Russian economic history, and labor mobility. After leaving Russia, he continued to study and teach and served as provost of Sciences Po in Paris. He's also done stints as chief economist at the European Bank for Reconstruction and Development and as a visiting professor at Princeton University. We spoke with him in early February about this new role at LBS (he started in August 2024) and the direction that graduate business education is taking worldwide. The interview was edited for clarity and length.
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Newsweek
12 minutes ago
- Newsweek
China Is the Big Winner of the Trump-Putin Summit
Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The clear winner of the recent Anchorage summit was not the United States or Russia. Nor was it the European Union, NATO, or Ukraine, all directly affected by the war in Eastern Europe. The big winner, at least for the moment, is the People's Republic of China. And China's only military ally, North Korea, did not do too badly either. Both Presidents Donald Trump and Vladimir Putin at their post-meeting press conference tried to create the impression of momentum toward ending the three-year-old conflict in Ukraine. Putin used the word "agreement" and Trump mentioned "great progress." Russian President Putin and President Donald Trump pose for a photo during the welcoming ceremony prior to the meeting on the war in Ukraine on August 15, 2025, in Anchorage, Alaska. Russian President Putin and President Donald Trump pose for a photo during the welcoming ceremony prior to the meeting on the war in Ukraine on August 15, 2025, in Anchorage, Alaska. Getty Images Nonetheless, it was clear that the summit was a disappointment for the American side. There was, for instance, no ceasefire, which Trump publicly said he wanted. "There's no deal until there's a deal," an uncharacteristically somber Trump said after the shorter-than-expected face-to-face with Putin. "We didn't get there." No, they didn't. And no deal is precisely what China was looking for. Beijing, from all indications, hopes that the war in Ukraine will continue indefinitely. Hong Kong's South China Morning Post reported that Chinese Foreign Minister Wang Yi told Kaja Kallas, the EU foreign policy chief, on July 2 that China does not want Russia to lose because then the U.S. would focus on China. In addition to the continuation of the conflict, the Chinese leadership got something else on Friday. "For Beijing, the Alaska summit confirmed its core belief: The world is a stage for great-power bargains over spheres of influence," Charles Burton of the Prague-based Sinopsis think tank told Newsweek. China's regime, which has a top-down concept of the world, likes the idea of big countries, by themselves, settling the world's problems. "Now, there is a crucial precedent for a future summit between Trump and the Chinese leadership, where China would press for major concessions in East Asia," Burton said. One of those concessions would be American diplomatic recognition of North Korea, noted Burton, who was a Canadian diplomat in Beijing. The Democratic People's Republic of Korea, China's only formal military ally, also has an interest in the continuation of the war in Ukraine. "The Kim regime is likely content to see the United States diplomatically engaged on other fronts," Greg Scarlatoiu, president and CEO of the Committee for Human Rights in North Korea, told Newsweek. "That will buy Kim Jong Un more time to continue his for-profit exportation of instability, violence, and tools of death." Kim has filled regime coffers via the sales of artillery shells and short-range ballistic missiles to Putin—28,000 containers of weapons according to one recent count. Kim also sent soldiers, up to 12,800 troops, to the Russian-Ukrainian battlefield late last year. Moreover, the North is dispatching perhaps 30,000 more of them now. That will be on top of combat engineers and miscellaneous workers. Russia, according to South Korean intelligence, is paying Kim $2,000 per month per trooper. Russia is reportedly transferring weapons tech to the North as well. Whatever Putin is paying or bartering, the Ukraine war has been a bonanza for the Kim regime. Yet a proverb from ancient China reminds us, "No feast lasts forever." Trump can end the Chinese banquet quickly if he imposes costs on Russia and its enablers. He will, for instance, have to hit China hard to cut off its flow of cash to Moscow. No cash for Putin means no war in Ukraine. On August 6, Trump by executive order imposed a 25 percent additional tariff on India for buying Russian oil, but he did not tariff China, which purchases even more of that commodity from Russia. Trump last Friday said he did not think he had to tariff China at this time. In a conversation with Fox News' Sean Hannity immediately after his meeting with Putin, the president said, "I may have to think about it in two weeks or three weeks or something. But we don't have to think about that right now. I think, you know, the meeting went very well." Whether the meeting with Putin went well or not—we will know only later—Trump cannot entice bad actors with reason alone; he needs to give them incentives to stop doing what they're doing. For the moment, Russia and supporters are trying Trump's patience, seeing how far they can push him. As a result, the American leader is taking heat for what looks like weak diplomacy. My sense is that Trump is trying to be generous. There is, however, only so much generosity in global politics. Trump could end his indulgent policies soon, especially if Putin continues to be intransigent. "Trump is losing patience," said Burton, the former diplomat. "The Russians, Chinese, and friends should watch out. When Trump decides it's time to hit them, he is going to hit them really hard." Gordon G. Chang is the author of Plan Red: China's Project to Destroy America and The Coming Collapse of China. Follow him on X @GordonGChang. The views expressed in this article are the writer's own.
14 minutes ago
Authorities charge man suspected of planning attack in Germany, possibly targeting Israeli Embassy
BERLIN -- German prosecutors announced terrorism charges Wednesday against a man who they say may have planned to attack the Israeli Embassy in Berlin and intended to join the Islamic State group in Pakistan. The suspect, a Russian national identified only as Akhmad E. in line with German privacy rules, was arrested on Feb. 20 at the capital's airport as he prepared to board a flight. He has now been indicted on charges of supporting a foreign terrorist organization, attempted membership in such a group, and preparing a serious act of violence. Federal prosecutors said in a statement that the suspect initially planned to carry out an attack in Germany, possibly on the Israeli Embassy. He allegedly found instructions for making explosives on the internet but was unable to pursue the plan because he couldn't get a hold of the necessary components. At the same time, the suspect was allegedly translating propaganda into Russian and Chechen for IS. Prosecutors said he intended to join the group in Pakistan and get military training, and that he financed the trip by taking out two contracts for expensive smartphones, which he then sold. He allegedly sent a video declaring loyalty to the group to a suspected IS member outside of Germany shortly before his departure. The indictment was filed earlier this month to a court in Berlin, which will now have to decide whether to send the case to trial.
Bloomberg
14 minutes ago
- Bloomberg
Finnish Shipyard Starts Building Canada's Newest Icebreaker
The construction of Canada's next icebreaker is starting out in Finland as the two Arctic nations boost cooperation in manufacturing the specialized vessels for the world's harshest marine conditions. Steel cutting for the Polar Max heavy icebreaker, which traditionally marks the start of works, is taking place on Wednesday at the Helsinki Shipyard. The vessel is being built for the Canadian Coast Guard, with initial assembly taking place in Finland and much of the construction later in Canada. It's scheduled for delivery within just five years.
