Executive Summary: Russia announced in early April that nearly all domestic financial transactions are now being conducted through the Financial Transaction System, which was created as an alternative to SWIFT. The development of new financial systems is part of a broader desire for greater independence... MORE

Executive Summary: Xi Jinping is unequivocal that US-China AI cooperation is contingent on Western AI technology flowing into the People’s Republic of China (PRC). Broken promises from past US-China technology transfers suggest the PRC will once again use US technology to strengthen censorship and surveillance... MORE

Executive Summary: Despite the Chinese Communist Party's restrictions on decentralized virtual currencies, the PRC has maintained a significant underground cryptocurrency industry, with investors posting $1.15 billion in gains in 2023. PRC investors are driven to digital assets by practical considerations amid limited traditional investment opportunities... MORE

Executive Summary: The PRC’s potential to interfere in elections with deepfakes has been noted, with strategies including creating false narratives around candidates and misleading information on electoral processes. Advanced AI tools could further sophisticate these interference efforts, impacting democratic processes worldwide. Beijing appears to have... MORE

Executive Summary: Leaked files from iS00N reveal deep insights into the PRC’s intelligence operations, highlighting an intensified global security offensive as well as issues within the intelligence community. iS00N’s growth is tied to Xi Jinping’s aggressive policies and demonstrates the importance of private contractors in... MORE

Executive Summary: Taiwan’s heavy reliance on energy imports, coupled with high energy demands, poses significant challenges, with semiconductor manufacturing being a major consumer. Environmental concerns such as droughts, exacerbated by climate change, and Taiwan’s fossil fuel-heavy energy mix raise serious alarm bells for the island’s... MORE

Executive Summary: Majority ownership by state-owned Cosco Shipping, and involvement of companies like ZPMC which is closely linked to China's Military-Civil Fusion strategy, raises concerns about the dual-use nature of infrastructure projects and potential military implications. The PRC has become Peru's main trading partner and... MORE

Executive Summary: BeiDou enhances both the PRC’s strategic autonomy and its influence across the world. It has signed agreements with numerous countries to expand its use, including for military applications. An interoperability agreement with the US government diminishes the strategic value of GPS by eliminating... MORE

(Part One) Executive Summary Russian special services are actively disseminating disinformation to influence public opinion in Africa. The disinformation campaign replicates Soviet-era themes that emphasize narratives alleging the West’s compromising of African countries’ sovereignty. These themes continue to have resonance in the region because of... MORE

Executive Summary: PRC cognitive warfare strategies now include the cultivation of internet influencers who disseminate rumors and on platforms like YouTube designed to undermine Taiwan’s democratic institutions. TikTok has become a significant tool in shaping public opinion, exploiting its algorithmic power to spread narratives favourable... MORE