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Global Newsletter & Insights Series
The coalition of parties supporting President Emmanuel Macron won the legislative elections on 19 June but fell 43 seats short of an absolute majority (289 MPs) in the 577-seat National Assembly. The center-right Republicans (LR), which obtained 64 seats, are strongly divided on whether to support the government. If Macron…
Our bi-weekly spotlight explores key ESG-related market developments and their implications for corporates and investors. ESG in the News A record number of environmental and social investor proposals were filed this annual-general-meeting season – both in absolute numbers and those making it to a vote. By May 16, according to data compiled…
Teneo Asia hosted a webinar entitled “ESG in the C-suite: Future-proofing Companies Through Corporate Governance.” Panelists explored how regulators, exchanges and companies across Asia are advancing corporate governance to help support their ESG agendas and their wider business goals. During the session, Kelly Lee, Vice President, Policy and Secretariat Services,…
The coalition of parties supporting President Emmanuel Macron (Together), and the left-wing New Ecologic and Social People's Union (NUPES) led by radical-left politician Jean-Luc Melenchon both obtained around 25.5% of the vote in the first round of the legislative election that took place on 12 June. While forecasting the final…
Discussions continue about Ukraine’s path towards EU candidate status. A new Covid outbreak in Beijing is being closely monitored by Chinese authorities. France’s president might not win a comfortable majority for his alliance of parties in the legislative elections. Calls for the resignation of South Africa’s president are premature. Meanwhile,…
Parliament has decided to restart discussions of the stalled new and renewable energy bill (RUU EBT), with approval possible by the end of October, just ahead of the G20 summit in Bali. The draft bill provides fiscal incentives and state support, possibly including government guarantees, for the development of both…
The outcome of tonight’s Conservative confidence vote in Boris Johnson is neither enough to end his premiership, nor for the PM to feel safe in his job going forward. 211 Tory MPs voted in favor of Johnson, 148 voted against him. Under current Conservative Party rules, Johnson cannot be challenged…
This week, Mexico’s Andres Manuel Lopez Obrador (AMLO) has moved one step closer to ensuring his National Regeneration Movement (Morena) party retains the presidency in 2024. In Colombia, with under a fortnight to go before the run-off presidential vote, the populist candidate Rodolfo Hernandez appears to have shut the door…
Monetary policy in the Eurozone is in the spotlight this week. The US has once again altered language regarding Taiwan. Turkey is expected to launch a military incursion into northern Syria. Nigeria’s ruling party will hold presidential primaries. Meanwhile, Kazakhstan is changing its constitution, the British Conservatives will hold a…
The conservative People Power Party (PPP) was the clear winner in the 1 June local elections, outpacing expectations to sweep 12 of 17 governorships and over two-thirds of the lower-level leadership posts on the ballot. Given that the PPP’s Yoon Seok-youl won March’s presidential election by a razor-thin margin over Democratic…
US Secretary of State Anthony Blinken gave a speech on 26 May outlining the Biden administration’s overall policy towards China. The speech contained no new policy announcements and largely served as an affirmation of the administration’s existing approach. Though US officials have shied away from the term, this approach amounts…
Government and opposition have reached agreement on the EUR 100bn special fund for investment in the armed forces. As the fund – to be financed exclusively via new debt issuances – will be located outside the normal budget to circumvent the debt brake rule, constitutional change is required via a…
