With global economies stuck in low growth, profit margins cannot rise forever and political risks may increase
In different ways, the US, Russia and China have all become revisionist powers that are seeking radical change to the status quo
Also in today’s newsletter, Israel strikes Yemen and Biden’s cleantech legacy
Peso allowed to rise sharply this year in real terms, fuelling competitiveness concerns
Central bank slashes borrowing costs by 250bp as consumer demand slows
Also in today’s newsletter, deal drought squeezes private equity payouts and why Canadians are steering clear of ice hockey
Multilateral lender says greater detail of policies is needed to bolster household and business confidence
High commodity prices and sustainability concerns prompting investment by likes of Mondelēz into lab-grown versions
Also in today’s newsletter, picks for France’s new cabinet, and Russian cargo ship sinks in the Mediterranean Sea
High prices in dollars deter foreigners and fuel Argentine holidays to Brazil
Economists say a jolt from the south could shock the country out of its torpor
Companies fear political vacuum in Seoul will leave them vulnerable to tariffs and loss of subsidies
Investigation comes just weeks before Biden administration hands over to president-elect Donald Trump
Figures are a further blow to government facing criticism from businesses after Budget
His policies would cement the US currency’s dominance while undercutting the institutional framework that is its bedrock
Also in today’s newsletter, Trump calls for Panama Canal to be ‘returned’ to US and defence tech groups team up
Vladimir Putin’s envoy says more than 10 units are being built in countries such as China, Iran and Turkey
Makhlouf speaks out against ‘insurance’ cuts by ECB, despite fears of a US-instigated trade war
President-elect says he would demand vital waterway be ‘returned’ to US if it is not operated to his liking
British Chambers of Commerce makes 13 recommendations ahead of ‘reset’ talks on trading relationship next year
Plus, Trump chills the world’s central bankers and UK GDP figures steal Labour’s Christmas
President faces greatest challenge in his third term as leader
Investors piled into fixed income in bet on falling interest rates
Lower than expected inflation figures help S&P 500 claw back some of its losses
Criticism from Chris LaCivita, the campaign strategist who helped secure former president’s re-election
