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WEEK IN REVIEW
In Bangkok, also from 30 January to 3 February, the resumed first session of the ad hoc open-ended working group (OEWG) on a science-policy panel to contribute further to the sound management of chemicals and waste and to prevent pollution will take place. The first part took place on 6 October 2022 in Nairobi in a hybrid format, and the resumed session will take place in person at the United Nations Conference Centre.
European Parliament will debate: 1- The use of renewable and low-carbon fuels in maritime transport and amending Directive 2009/16/EC, 2- Deployment of alternative fuels infrastructure, and repealing Directive 2014/94/EU of the European Parliament and of the Council 3- Ensuring a level playing field for sustainable air transport, 4- Amending Directive 2010/40/EU on the framework for the deployment of Intelligent Transport Systems in the field of road transport and for interfaces with other modes of transport. Also European Parliament’s Special Committee on the COVID-19 pandemic: lessons learned and recommendations for the future meets.
U.S. House Committee on Transportation and Infrastructure, Hearing: “The State of Transportation Infrastructure and Supply Chain Challenges” Meeting Details. The UN Economic and Social Council’s (ECOSOC) 2023 Partnership Forum will take place on 31 January 2023. The yearly ECOSOC Partnership Forum discusses ways to define and promote effective partnerships and how partnerships can best advance the sustainable development agenda and the 17 SDGs. Global Government Leaders’ Forum is held in Singapore.
European Parliament, Plenary Session on new rules on platform workers: Parliament will decide whether to confirm the negotiating position for talks with Council on new rules to improve conditions for workers on digital labor platforms. The rules would regulate how to correctly determine the employment status of platform workers and how digital labor platforms should use algorithms and artificial intelligence to monitor and evaluate workers.
A slow day in politics.
SATURDAY & SUNDAY
Cyprus presidential elections. Ecuador Referendum. Monaco National Council elections.
GLOBAL ECONOMIC PULSE
The Federal Reserve’s rate decision due on Wednesday. Expectations are a 25bps validated by this week’s inflation data. European Central Bank (ECB) is expected to hike rates 50bps as will Bank of England (BoE). In Turkey, January inflation data is due and likely economic contraction is expected following the rest of the world. In Asia, markets will get Purchasing Managers Index from China and India. Markets expect signs that economic activity in China is picking up due to re-opening. South Africa slowed the pace of interest rate hikes. Pakistan will have an IMF visit. Ghana is closer to a domestic debt deal. El Salvador pays $600mm sovereign bond on time and in full. Q4 GDP from Germany and inflation figures from Germany, South Korea and Indonesia will be reported.
Deloitte believes Emerging Market equities and bond yields have risen while Emerging Market debt issuance has lately surged (up more than 200% in the first two weeks of 2023 versus a year earlier). In fact, Emerging Market equities have increased faster than equity prices in advanced economies. Recovery of the global economy is on the horizon, even though it is widely expected that there will be a slowdown/recession in 2023.
Earnings to be reported this week: Exxon Mobil, Pfizer, McDonald’s, UPS, Amgen, AMD, Stryker, Mondelez, GM, Sumitomo Mitsui, NXP, Cannon, Komatsu, Ryanair, Meta, Novo Nordisk, Thermo Fisher, Novartis, TMobile, Sony, Mitsubishi Financial, GSK, Boston Scientific, Banco Santander, Apple, Alphabet, Amazon, Eli Lilly, Merck, Roche, Shell, ConocoPhillips, Bristol Myers, Honeywell, Starbucks, Gilead, Ford, Sanofi, Regeneron, Vinci, Aon, Assa Abloy, Sumitomo, NTT.
NOTEWORTHY REPORTS, REGULATIONS, LEGISLATION, DECISIONS & EVENTS
An analysis of global Pandemic Preparedness Health Spending between 1990 and 2021, and prediction from 2021 to 2026 is published. Authors estimated four sources of health spending: development assistance for health (DAH), government spending, out-of-pocket spending, and prepaid private spending across 204 countries and territories.
World Economic Forum published its annual Global Risk Report 2023.
Deloitte published a report focused on Health Equity at a global level.
UK medical industry responds to The UK Government’s ambition for medicines manufacturing, as set out in the July 2021 Life Sciences Vision (LSV), is to create a globally competitive environment for Life Sciences manufacturing investment, building on the strengths of the UK’s manufacturing research and development (R&D), our network of innovation centers, the manufacturing response to COVID-19 and delivery of the Medicines and Diagnostics Manufacturing Transformation Fund (MDMTF).
OECD published a report on Health Care Financing in Times of High Inflation.
Latest update from U.S. National Institutes of Health on COVID-19 Treatment Guidelines is out.
Latham & Watkins created a brief on the new EU Corporate Sustainability Reporting Directive.
A publication on China’s Corporate Environmental Compliance is available.
A white paper on ESG Practices in China has been published.
A report on Good Regulatory Practice provisions in Regional Free Trade Agreements has been published.
Germany published its National Charging Infrastructure Master Plan.
A report was published on Vietnam’s Renewable Energy Sector.
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