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African Union will struggle to close funding gap

Location:

AFRICA

The African Union has a plan for financial self-reliance, but implementation is lagging behind aspiration

Mexico Maya Train poses major challenges

Location:

MEXICO

President Andres Manuel Lopez Obrador (AMLO)’s Maya Train poses serious social, financial and environmental risks

London’s large economic lead over EU cities may narrow

Location:

INT

Global power and financial centres indices for 2017 show London maintains a huge lead over other EU cities

Global debts will be costlier to pay off in 2017-18

Location:

INT

The IMF Financial Stability Report urges policymakers to tackle debts that stand at a record high 225% of world GDP

Under-investment leaves Latin America open to disaster

Location:

LATAM

Natural phenomena threaten much of Latin America, and the damage they cause will depend as much on money as on nature

Trade rebound does not match regional demand outlooks

Location:

INT

Estimates see world trade rebounding from sub-1% to 3.5% in 2024, even though all regions are slowing or growing slowly

Lone US Fed dove raises concerns about orderly QE exit

Location:

INTERNATIONAL

At the Federal Reserve meeting, Neel Kashkari voted no change and raised concern about the quantitative easing exit

US pipeline hack to make ransomware risks a priority

Location:

INT

US Colonial Pipeline’s operations have yet to be restored after last week’s crippling ransomware attack

Crypto crash boosts central bank digital currencies

Location:

INT

The crash of stablecoin TerraUSD is the latest casualty of the ongoing upheaval in the cryptocurrency ecosystem

Droughts pose major risks in North America

Location:

NORTH AMERICA

A 22-year ‘megadrought’ in the US southwest is thought the worst in 1,200 years; Mexico is also feeling the heat.