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Global Newsletter & Insights Series
Prime Minister Liz Truss has sacked her chancellor Kwasi Kwarteng, replacing him with relatively centrist Jeremy Hunt, in a desperate bid to calm the pushback from her own backbench MPs, markets, and voters. The dramatic move constitutes a double-edged sword: it is both testament to the PM’s extremely precarious position…
The North Korean statement carried on state media on 10 October characterized the recent round of missile tests as simulations for tactical nuclear weapons strikes and dismissed the need for any dialogue or negotiation with “enemies,” meaning Washington and Seoul. The statement followed two overnight shorter-range missile launches into the…
Due to a series of factors – ranging from the long-term impacts of the pandemic to the ongoing effects of the conflict in Ukraine – the UK is currently exposed to a unique range of economic pressures. For the first time in 30 years, the country is operating in a…
Massive air strikes on critical infrastructure and civilians across Ukraine aimed to “punish” Kyiv for targeting the strategic Crimean Bridge and mitigate domestic criticism for military setbacks elsewhere. Russia’s failure to stabilize the situation on the frontlines is likely to prompt more escalatory and asymmetric measures targeting Ukraine and its…
Viktor Orban’s government is rushing with anti-corruption reforms not to lose access to more than 13bn of EU funds. An eventual compromise is likely, but Budapest’s access to EU funds will remain conditional on compliance with anti-corruption and rule-of-law reforms for the foreseeable future. While formally unrelated to EU funds,…
Our bi-weekly spotlight explores key ESG-related market developments and their implications for corporates and investors. Teneo’s ESG and Governance Teams published a memo on the state of U.S. sustainability reporting, providing insights and examples to help companies decide what to disclose and how. Overall, our team analyzed 200 sustainability reports from…
The new UK government has abandoned some of its tax cut plans. Brazil is heading for a presidential runoff election. Indonesia is the first country to approve a Chinese-developed mRNA vaccine. West African states face a political conundrum following the coup d’état in Burkina Faso. Meanwhile, there is speculation that…
After last week’s market rout and amid growing opposition from within the Conservative Party, the government has been forced into a U-turn on its plan for a tax cut for the highest earners. This follows the realization at the beginning of the current Tory conference that PM Liz Truss would…
On 30 September an Extraordinary Energy Council Meeting was held in Brussels to discuss the previous Commission proposal for an emergency intervention to address high energy prices. The Council approved the draft compromise text which includes a range of legislative initiatives, such as a revenue cap for inframarginal generators, a…
This week, Brazil’s presidential election campaign resets in the wake of a closer-than-anticipated first-round result yesterday, 2 October. In Cuba, the regime is in full crisis mode after days of protests over electricity outages caused by Hurricane Ian. The US will be getting down to details as Colombia’s President Gustavo…
In 2022, global companies have encountered a fractured ESG landscape marked by widely divergent views. On the one hand, regulators are mandating more robust ESG disclosures from both companies and institutional investors. Regulators are also cracking down on so-called “greenwashing” – trying to hold companies accountable…
This week, the first round of Brazil’s presidential election takes place, with a first-round victory for former president Luiz Inacio Lula da Silva not impossible. Giorgia Meloni of the right-wing Brothers of Italy party is set to become Italy's first female PM. Meanwhile, sham referendums on…
