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Dear Fellow Shareholders, Across the globe, 2022 was another year of significant challenges: from a terrible war in Ukraine and growing geopolitical tensions — particularly with China — to a politically divided America. Almost all nations felt the effects of global economic uncertainty, including higher energy and food prices, mounting inflation rates and volatile markets,
Investors, regulators, customers, and employees are demanding that companies improve their Environmental, Social, and Governance (ESG) practices and ad
LONDON - The last year was turbulent for the European economy with Ukraine war-driven shocks including surging energy prices, crises involving food supply, faster-than-expected monetary tightening, subsidies and inflation emerging as major economic issues facing the continent. Reflecting this turbulence, the world's largest financial institutions, including the International Monetary Fund (IMF) and the World Bank, have often had to revise their projections for the year and those to come. Before the war, the World Bank expected the global economy to expand at around 4.1 percent, with simila...
According to experts cited in this article from the WSJ, “[g]overnments are increasingly using ‘financial levers’ to advance national security goals,” a development that “has clear...
Short-terms concerns like the cost-of-living crisis are impacting response to longer-term risks, study finds