Week of June 10, 2024 Newsletter

??THIS WEEK: Climate Action, Supply Chain, Artificial Intelligence, Healthcare, Sustainability, Trade

Get the inside scoop on the latest global updates, including critical economic insights and climate strategy updates. Arm yourself with our executive brief today!

This week's complimentary Executive Brief:? A Business Primer on EU Corporate Sustainability Due Diligence Directive (passed late May): LINK

#GlobalEvents, #EconomicData, #MonetaryPolicy, #GovernmentHearings, #FinancialReports, #ClimateAction, #ArtificialIntelligence, #HealthcareInitiatives, #InternationalRelations, #InfrastructureDevelopment

Contact us for a free consultation to see how we can be of service to you.

HAPPENING THIS WEEK

Monday, 10 June 2024

Spain: The 8th International Conference on Big Data and Data Science for Official Statistics will open. (Bilbao)

Tajikistan: The 3rd Dushanbe Water Action Decade Conference will begin. (Dushanbe)

Germany: The 60th Sessions of the UNFCCC Subsidiary Bodies will continue. (Bonn)

Belgium: European elections results announcement. (Brussels)

Belgium: InfoPoint conference on social transformation through cultural engagement. (Brussels)

Pakistan: The central bank is expected to cut its key interest rate by 100 basis points. (Islamabad)

European Union: A decision on the European anti-subsidy probe into electric vehicles is expected. (Brussels)

Tuesday, 11 June 2024

Belgium: European Sustainable Energy Week 2024. (Brussels)

Germany: Kerntechnik 2024 conference on nuclear technology. (Leipzig)

Wednesday, 12 June 2024

United States: House Education and the Workforce Subcommittee on Workforce Protections hearing. (Rayburn House Office Building, Washington D.C.)

United States: House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet hearing on the U.S. intellectual property system. (Rayburn House Office Building, Washington D.C.)

United States: Senate Health, Education, Labor, and Pensions Subcommittee on Employment and Workplace Safety hearings on building a critical minerals workforce. (Dirksen Senate Office Building, Washington D.C.)

United States: Joint Economic Committee hearings on U.S. manufacturing investment. (Dirksen Senate Office Building, Washington D.C.)

China: Release of May inflation data. (Beijing)

Thursday, 13 June 2024

United States: House Energy and Commerce Subcommittee on Health hearing on value-based care. (Rayburn House Office Building, Washington D.C.)

United States: Senate Appropriations Subcommittee on Financial Services and General Government hearings on budget estimates for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. (Dirksen Senate Office Building, Washington D.C.)

United States: House Energy and Commerce Subcommittee on Energy, Climate and Grid Security hearing on securing America’s critical materials supply chains. (Rayburn House Office Building, Washington D.C.)

Italy: G7 Summit begins. (Borgo Egnazia, Apulia)

Thailand: Monetary policy meeting.

Japan: Monetary policy meeting.

Friday, 14 June 2024

Belgium: European Sustainable Energy Week 2024 concludes. (Brussels)

Germany: Kerntechnik 2024 conference on nuclear technology concludes. (Leipzig)

Saturday, 15 June 2024

Italy: G7 Summit continues. (Borgo Egnazia, Apulia)

Sunday, 16 June 2024

Italy: G7 Summit concludes. (Borgo Egnazia, Apulia)

GLOBAL ECONOMIC PULSE

USA: The Federal Reserve (Fed) is expected to keep rates unchanged at the upcoming June meeting, focusing on its stance regarding future rate cuts, with the first cut anticipated around November. The CME FedWatch tool highlights rising price pressures per recent Purchasing Managers' Index (PMI) data. Additionally, US May Consumer Price Index (CPI) data will be released, expected to show persistent inflation above the Fed’s target rate.

EUROPE: In the United Kingdom (UK), April employment and Gross Domestic Product (GDP) data will be released, with emphasis on how these figures influence the Bank of England (BoE)'s decisions on lowering rates. The central bank is closely monitoring labor market conditions and wage growth to gauge inflationary pressures. Eurozone industrial production figures are also due, shedding light on the region's economic health.

ASIA: In India, May's Consumer Price Index (CPI) is expected to rise by 0.5% month-on-month, resulting in an annual inflation rate of 4.8%, with no immediate impact on the Reserve Bank of India (RBI). China anticipates stable Consumer Price Index (CPI) inflation around 0.3% year-on-year for May, with the Producer Price Index (PPI) remaining in deflation. The Bank of Japan (BoJ) is likely to hold off on a rate hike, awaiting more data, though a 15 basis point hike could occur in July. Australia will see its May labor report, predicting a slight uptick in the unemployment rate to 4.2%.

WEEKLY EXECUTIVE BRIEF

A Primer on EU Corporate Sustainability Due Diligence Directive (CSDDD)?

The Corporate Sustainability Due Diligence Directive (CSDDD) became law in Europe in late May.? It aims to mandate large companies operating within the EU to incorporate human rights and environmental due diligence into their operations and supply chains. The directive seeks to harmonize due diligence requirements across EU Member States, setting minimum standards to ensure responsible business conduct. ?This legislation is intended to level the playing field for businesses within the EU market, requiring them to identify, address, and mitigate adverse human rights and environmental impacts.

1.?????? Learn what it means to your business

2.?????? Our assessment of what you need to do to prepare for it

3.?????? Use our questionnaire to gauge your readiness level

Download it here free (no sign up required, though if you like we are happy to send you notice of our publications on a purely voluntary basis):? DOWNLOAD

For a 5-factor analysis (government, economy, environment, innovation, society) and recommendations for advocacy contact us.? We’ll be happy to send you our recommendations.