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The Economist (June 19)

2024/ 06/ 21 by jd in Global News

“Rising temperatures in the Arctic are slowly opening up new possibilities for transport.” Geopolitical stakes are also rising in the region. “China’s support for Russia is fuelling Western distrust of the Asian power’s ‘polar silk road’ plans. But China is not retreating from the Arctic. It still sees a chance to boost its influence there, and to benefit from the area’s wealth of natural resources.”

 

Washington Post (June 19)

2024/ 06/ 20 by jd in Global News

“Scorching heat waves” are testing the “world’s resilience.” Before summer even began, “heat waves had already slammed disparate stretches of the planet, from Bangkok to Barranquilla.” The heat continued elsewhere in May and June. Now “parts of the United States are bracing for a potential record heat wave this week, while wildfires are already spreading” in the west. “In many ways, the climate disaster is already here.”

 

CNN (June 17)

2024/ 06/ 19 by jd in Global News

“Mexico is enduring its most expansive and severe drought since 2011, affecting nearly 90% of the country. Water has become an increasingly fraught topic, with fears cities — including Mexico City — could be barreling toward a ‘day zero,’ on which water runs dry.”

 

Bloomberg (June 17)

2024/ 06/ 18 by jd in Global News

“China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand.” Existing home values dropped by 1%, “the sharpest decline since at least 2011.” Oversupply is “dragging prices lower, giving people less reason to invest in property.” Meanwhile, “investors and analysts remain skeptical” that the government’s recent measures to revive the sector “will be sufficient” given the “funding revealed so far and the slow progress of existing trial programs in several cities.”

 

Wall Street Journal (June 15)

2024/ 06/ 17 by jd in Global News

“Despite some CEO grumbling, businesses have thrived under Biden. Stocks are near records, corporate profits are up strongly, inflation has come down and the economy has so far managed a soft landing despite aggressive rate increases from the Federal Reserve. Industries like energy that appeared to be at risk from Biden’s policies have thrived.”

 

New York Times (June 14)

2024/ 06/ 16 by jd in Global News

“Bigger is better in the stock market these days.” In the S&P 500, the largest group of 50 companies by market cap, was the only group “to have positive returns over the 12 months through June 7” while the group of the 50 “smallest stocks in the index had the biggest losses.” Similarly, the S&P100, which features the largest constituents, “is up more than 17 percent” during 2024, while “the Russell 2000, which tracks the small-cap universe, is up less than 1 percent for the year.”

 

The Guardian (June 14)

2024/ 06/ 15 by jd in Global News

“Decades of declining births mean there are no longer enough students to fill classrooms…. Taiwan is struggling to achieve the ‘replacement rate’ needed to maintain a stable population. That rate is 2.1 babies per woman, but Taiwan hasn’t hit that number since the mid-80s. In 2023, the rate was 0.865.”

 

Washington Post (June 13)

2024/ 06/ 14 by jd in Global News

“The cause of the environment is losing the public debate. Whether the goal is to reduce air pollution, keep pesticides and nitrogen out of waterways, enforce water conservation” or avoiding catastrophic climate change, “the agenda to preserve the globe’s natural ecosystems has been set on its heels.”

 

Automotive News Europe (June 12)

2024/ 06/ 13 by jd in Global News

“European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals,” which have surged in popularity, with their EU market share rising to 8% (from less than 1% in 2019), and potential to reach 15% in 2025. Still, Mercedes, BMW and VW all lined up against the EU’s new 38% tariff on EVs exported from China because “China is a key profit center” for the German automakers who “could face counter measures in China.”

 

Institutional Investor (June 10)

2024/ 06/ 12 by jd in Global News

“The gap between the best and worst performing outsourced chief investment officer firms is growing — and clients aren’t happy about it…. Among providers that serve endowment and foundation clients, there is significant dispersion — 200 basis points or more — in returns between the top and bottom quartile firms.”

 

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