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Global Newsletter & Insights Series
President Cyril Ramaphosa remains under pressure from the Phala Phala ‘farmgate’ scandal; the investigations by the public protector investigation and the South African Reserve Bank (SARB) are the main signals to watch. His finance minister stands newly accused of alleged sexual harassment. While nothing may happen while the case proceeds,…
Now that the new gas surcharge has been fixed at 2.4 cents per kWh, its introduction looming on 1 October has triggered political debate about ways to support consumers, prevent political pushback, and maintain broad support for Ukraine. The levy will start at the lower end of a politically contested…
July economic data showed the economy weakening across the board, raising difficult choices for policymakers about whether to backslide on earlier promises to avoid "supersize" stimulus. Interest-rate cuts have failed to revive credit demand, due to the combination of collapsing public confidence in the housing market and the ongoing impact…
The 2022 proxy season was marked by external turbulence with a considerable ESG impact. In the wake of the still ongoing pandemic, companies faced new black swan events such as the war in Ukraine and navigated rising inflation, high oil prices and continued supply chain issues. Executives, directors and even…
Hungary approaches crunch time to address the European Commission's (EC's) rule of law concerns, which could result in funding cuts. The leaders of Serbia and Kosovo are set to hold a series of meetings in Brussels in an attempt to de-escalate bilateral tensions. Following the meetings, Serbia's President Aleksandar Vucic…
The Chinese government's immediate response to US House Speaker Nancy Pelosi's visit to Taiwan did not trigger a crisis as feared, but the medium- and long-term impacts could be more significant. Pelosi's visit may have ushered in a new normal of increased Chinese military presence around Taiwan, more frequent provocations…
Recent explosions in Crimea symbolize a new stage of the war characterized by Ukraine’s strikes on Russian targets well beyond the frontline, and an increased focus on southern Ukraine. Kyiv is still reportedly preparing for the consequential counteroffensive in Kherson, although the details remain unclear. Moscow likely hopes that mounting…
Our bi-weekly spotlight explores key ESG-related market developments and their implications for corporates and investors. ESG in the News In the second quarter of 2022, U.S. sustainable funds experienced the first quarter of outflows in over five years, shedding $1.6 billion during the quarter amid macroeconomic issues such as the…
The UK is experiencing its highest level of inflation in c. 40 years, driven by the aftermath of the Covid-19 pandemic, ongoing issues related to Brexit and the emerging impacts of the Russia-Ukraine conflict. Comparatively limited wage growth has resulted in a “cost of living crisis,” with energy and transport…
The Chinese government's initial response to US House Speaker Nancy Pelosi's Taiwan visit should ease concerns about a worst-case scenario of military confrontation or trade blockades. Even short of such scenarios, however, Beijing's responses could last for months, unsettling financial markets and raising risks for multinational companies. US multinationals in…
This week, Colombia will finally see the shape of the tax reform that will form the bedrock of new President Gustavo Petro’s policy program. In Peru, there has been another chaotic, improvised cabinet reshuffle that exposes a president fast running out of ideas. In Argentina, new Economy Minister Sergio Massa…
President Andres Manuel Lopez Obrador (AMLO) seems intent on exploiting a trade dispute with the US and Canada to stir up nationalist sentiment. While there has been speculation locally that AMLO could even be considering withdrawing from the United States-Mexico-Canada Agreement (USMCA), Mexico’s exit is unlikely. However, AMLO’s belligerence will…
