Week of October 24, 2022 Newsletter

WEEK IN REVIEW

MONDAY

China’s National Party Congress ends today.?Slate of new leaders were announced today along with new strategies.?UK leadership candidate announcements may come today.?Tenth Conference on Climate Change and Development in Africa, is in Windhoek, Namibia (through Friday).?Preparatory Meeting and Stakeholder Consultation for UN 2023 Water Conference, 25 October 2022, is in New York City, US.?Local Government NSW Annual Conference (LGNSW Annual Conference) is in Lovedale, Australia (through Tuesday). International Forum on Transfer Pricing Law, is in Surrey Heath District, UK (through Tuesday). Corporate Governance, Business Ethics and Corporate Social Responsibility, is in Nairobi, Kenya (all week).?United Nations World Development – Information Day.

TUESDAY

The Council of the EU, Transport, Telecommunications & Energy Council meets in Brussels.?On the agenda: EU energy ministers will seek a general approach on the proposal for a directive on the energy performance of buildings.?Ministers will hold a policy debate on the gas package, which includes a proposal for a directive and a proposal for a regulation on common internal market rules for renewable and natural gases and hydrogen.?The Commission will present a proposal for a Council Regulation on better coordination of gas purchases, exchanges of gas across borders and reliable price benchmarks.?Singapore International Energy Week (SIEW 2022), is in Singapore.??13th Africa Public Private Partnership Conference and Showcase (Africa PPP 2022), is in Marrakech, Morocco (through Wednesday).

WEDNESDAY

European Parliament, Institutional Affairs, Brussels, Belgium - Intelligent transport systems: the Transport Committee will vote on an update to EU rules on Intelligent transport systems (ITS) to improve transport digitalization. ITS apply information and communication technologies, for example journey planners or the eCall system, to make mobility safer, more efficient and more comfortable.?Public Procurement Law for Bidders’ workshop, is in Düsseldorf, Germany.?Risk Management in Government Congress, is in Melbourne, Australia.

THURSDAY

First European Conference on Community Disaster Preparedness, is in Luxembourg and online.?ICCCGW 2022: International Conference on Climate Change and Global Warming, is in Paris, France.?ALB Shenzhen In-House Legal Summit, is in Shenzhen, China.?European Food and Feed Law Conference (EFFL Conference), Brussels, Belgium (through Friday).?Carbon Capture, Utilization and Storage Forum, is in Oslo, Norway is the second meeting for stakeholder consultation.

FRIDAY

In the UK, if two candidates remain after Monday’s ballot, online party membership will vote leading to a winner. The winner will be the head of the Conservative and Union Party and the new UK Prime Minister as of today.?Italy, France, and Spain will report Harmonized Index of Consumer Prices.

STAURDAY & SUNDAY

A quiet day in politics.

Global Economic Pulse

UK and Japan have created market volatilities.?Both European Central Bank and the Bank of Japan will announce interest rate decisions.?Third quarter earnings will continue (Saudi Basic Industries SABIC, Hundai, Microsoft, Alphabet, Visa, Coca-Cola, Novartis, UPS, Apple, Amazon, ExxonMobile, Meta, 3M, General Motors, General Dynamics and many more).?Germany Business Climate IFO survey and 3Q GDP is due.?European manufacturing outlook will be indicated by the European PMI index.?US will announce 3Q GDP.?Interest rates decisions are expected from Brazil (currently at 13.75%) and Colombia (currently at 10.0%).

Noteworthy Government Actions, Reports & Events

• Global Environmental, Sustainability and Governance (ESG) Reporting Standards: In the absence of universally accepted standards for ESG reporting many frameworks are being used. Examples of guidance offered: World Federation of Exchanges, NASDAQ, London Stock Exchange, United Nations, US Government Accountability Office, World Business Council on Sustainable Development
• Global Semiconductor Industry: International Cooperation in the Semiconductor Sector During a Period of Intensified Official Support published.?
• India Agriculture Industry: The vital agriculture sector can be transformed by technology to improve food security for billions. Drones are a key enabler in this pursuit.?The report is published by World Economic Forum and Adani Group.
• Global Technology: Edelman’s “Trust in Technology” survey results were published.
• EU Resilient Infrastructure: EU funded Secure and Resilient Digital Infrastructure: An Agenda for Europe and Asia was published.
• U.S. Health: White House published National Biodefense Strategy and Implementation Plan for Countering Biological Threats, Enhancing Pandemic Preparedness, and Achieving Global Health.
• Asia-Pacific Economies: The APEC Finance Ministers’ Meeting 2022 “Advancing Digitalization, Achieving Sustainability” discussed economic outlook and shared views on appropriate policy actions. Chair’s report was published.
• EU Health Research: European Parliamentary Research Service published a study of gaps in medical research in Europe with 7 policy recommendations.
• China Health: Max Planck Institutes published “The Power of Public Insurance with Limited Benefits: Evidence from China’s New Cooperative Medical Scheme”
• ASEAN Sustainability: The OECD Southeast Asia Regional Program (SEARP) presented its report in Hanoi Vietnam: “A human-centered future: Partnership for a smarter, greener, and more inclusive ASEAN”.

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