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WEEK IN REVIEW
Meeting of the Intergovernmental Negotiating Body (INB) for a WHO instrument on pandemic prevention, preparedness and response will meet to consider draft proposal, Geneva, Switzerland. EU Transport, Telecommunications and Energy Council will provide, among other topics, updates to ministers of transport of 27 EU member countries on the revision of the Intelligent Transport Systems (ITS) directive contributing to the fundamental transformation of the European transport system to achieve the objective of sustainable, smart and resilient mobility. They will also inform ministers on road safety trends and reinforce efforts to achieve road safety targets, Brussels, Belgium. FIFA World Cup will progress to the last sixteen.
The 17th Asia and the Pacific Regional Meeting of the United Nations International Labour Organization (ILO) will be held 6 to 9 December 2022 in Singapore (agenda). EU Transport, Telecommunications and Energy Council will discuss the EU Artificial Intelligence (AI) Act, a proposal aiming to implement the development of an ecosystem of trust by proposing a legal framework for trustworthy AI within the EU. It will discuss revised regulations on electronic identification based on the revision of current European digital identity framework where, at least 80% of citizens should be able to use a digital ID solution to access key public services by 2030. It will also discuss the EU Cyber Resilience Act aims to ensure a better cybersecurity of both hardware and software products throughout the whole supply chain and throughout their whole lifecycle. It will also discuss the EU Data Act a governance framework for data access and use, legislating the relations between data economy actors, in order to provide incentives for horizontal data sharing across sectors. All Brussels, Belgium. Westminster Legal Policy Forum is held, UK.
The International Labor Organization (ILO) is expected to release its Global Wage Report for 2022/2023.
EU Committee on International Trade will discuss recent developments in the work of the EU-US Trade and Technology Council, Brussels, Belgium. EU Justice and Home Affairs Council will report on the state of play of the proposed Council recommendation on the resilience of critical infrastructure. Ministers are expected to adopt, as a point without discussion, the EU Directive on the Resilience of Critical Entities, Brussels, Belgium.
Parliament and Council negotiators will try to reach an agreement on the final shape of EU rules for the design, production and disposal of batteries. The draft bill includes measures to make batteries more sustainable and easier to remove as well as on waste management.
SATURDAY & SUNDAY
Quiet weekend in politics.
GLOBAL ECONOMIC PULSE
OPEC will meet on Sunday. Interest rate decisions are due from the RBA (currently 2.85%), followed by Chile (currently 11.25%), India (currently 5.9%), Kazakhstan (currently 16.0%), Peru (currently 7.25%) and Ukraine (currently 25.0%). The Eurozone consumer price index showed significant slowing. Inflation from mainland China, the Philippines and Thailand will be reported. Germany’s industrial output and China’s trade numbers will offer insights into dynamics of the goods producing segments. Turkish inflation updates expected to follow. Brazil and Mexico inflation both show a drop. Markets are watching steps toward moderation of COVID policies. Worldwide industrial prices rise at slowest rate in two years as demand cools and supply constraints ease. The Commerce Department reports the October U.S. trade deficit. Japan’s real GDP contracted in the third quarter.
Quarterly earnings are expected from: Costco, Lulumoon Athletica, Autozone, Broadcom, Softbank, Advanced Info Sys, Shionogi, BHP, Bouygues, Eletrobras, Ping An Insurance, NTT, Oracle, Nintendo, Daikin, and Merck.
NOTEWORTHY REPORTS, REGULATIONS, LEGISLATION, DECISIONS & EVENTS
- International Monetary Fund published an article on the global scramble for energy.
- A draft Act agreed upon by Germany’s Federal Cabinet will lead to single‑use plastic manufacturers and importers in Germany being obliged to pay towards litter collecting. The Germany Single‑Use Plastics Fund Act transposes the extended producer responsibility requirements as set out in Art. 8 para. 1 to 7 of the Single-use Plastic (SUP) Directive (2019/904/EU) into German law. The legislative process is expected to be completed in the spring of 2023, while the first payments from obligated persons (including domestic manufacturers and importers) will be due in 2025.
- Meta (Facebook) published Economic Opportunities in the Metaverse: A Policy Approach.
- The WHO Council on the Economics of Health for All published its annual report.
- European Commission published the EU Global Health Strategy.
- UK Board of Trade has published an outlook on the UK Life Sciences Industry.
- Coalition for Epidemic Preparedness Innovations’ (CEPI’s) created by a global partnership between public, private, philanthropic, and civil society organizations launched in Davos in 2017 to develop vaccines to stop future epidemics published a report on Delivering Pandemic Vaccines in a 100 days.
- Association of Southeast Asian Nations published a report on Investing in ASEAN.
- A country by country economic report was published by the Asia Pacific Economic Cooperation group.
- OECD published a report on State Owned Holding Companies.
- A US summary of State and Local Mask Mandates and COVID-19 Related Requirements was published.
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