Joe Parkinson

issue of political volatility.

You know, what is wrong to say, I think, is that this is just a very recent phenomena or a Trump phenomena.

That is a very partial and politicized kind of slant on this.

That is definitely a push factor for some people, but it does not explain the totality of this phenomenon.

You're seeing this in Portugal, Italy, places that have been popular for a long time, like the UK, Canada, Mexico, Ireland.

But it's also happening in places that you wouldn't perhaps know.

Record numbers we see in Vietnam, in the Philippines, in Bali, even in places like Albania.

Countries are very, very interested in attracting Americans because they bring capital with them and they bring know-how.

And so European countries in particular have done a lot of work to create favorable visa regimes, favorable tax regimes.

Thanks so much.

That's after the break.

This is highly unorthodox and highly controversial.

They're fusing this idea that business should not be something which follows a peace deal, but something which should be integrated into the negotiation itself.

They see the enmeshment of business interests as a way of securing peace, a way of people making money together rather than making war.

Russia, of course, is known across the world for its massive

oil and natural gas and mineral wealth.

And two things I think that the Trump administration see as key to the U.S.

economy, but also key to the next stage of global growth is, of course, energy in the first instance.

And the second is minerals in the form particularly of rare earths.

I think Dmitry clearly understood that.