Russia is in the final stages of determining the route for the Power of Siberia-2 gas pipeline, which is planned to go through Mongolia on its way to China. This pipeline is part of Russia’s efforts to expand trade with Asia amid strained economic relations with the West due to its actions in Ukraine.

Germany and France just took a concrete step toward something Europe has long lacked: a sovereign, space-based “first look” at missile launches. By signing the implementation agreement for Odin’s Eye, Berlin and Paris are committing to put infrared eyes in orbit and the processing muscle on the ground to spot a hostile launch in its opening seconds, early enough to cue radars, alert air defenses and political leaders, and, in a crisis, compress the time from detection to interception.

German group OHB has been shepherding the system design; today’s deal moves the project from paper architecture toward hardware, software and test timelines. For years, Europe has depended on U.S. and, to a lesser extent, allied assets for strategic missile warning.

Global money market funds saw a surge in inflows in the week through March 5, as investors sought safer assets following the U.S. escalation of its trade war with steep tariffs on imports from Canada, Mexico, and China. Concerns over the potential economic impact of these trade measures drove investors to pour $61.32 billion into money market funds, a significant jump from the $39.55 billion invested in the previous week.

Meanwhile, demand for global equity funds dipped to a four-week low, with inflows totaling just $2.97 billion during the week. U.S. equity funds saw particularly weak sentiment, witnessing $9.54 billion in net outflows. However, European and Asian equity funds remained strong, attracting $5.87 billion and $5.83 billion, respectively.