Tag: Mexico

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News

The G20 Summit in Rome, Italy

Who attended?

These past few days, the political leaders of the G20 member countries met in Rome to discuss a handful of issues. Some of the politicians who were present are: 

  • Alberto Fernandez (Argentina)
  • Scott Morrison (Australia)
  • Jair Bolsonaro (Brazil)
  • Justin Trudeau (Canada)
  • Xi Jinping (China)
  • Emmanuel Macron (France)
  • Angela Merkel (Germany)
  • Mario Draghi (Italy)
  • Narendra Modi (India)
  • Joko Widodo (Indonesia)
  • Manuel Lopez Obrador (Mexico)
  • Moon Jae-in (South Korea)
  • Vladimir Putin (Russia)
  • Salman bin Abdulaziz Al Saud (Saudi Arabia)
  • Cyril Ramaphosa (South Africa)
  • Recep Tayyip Erdogan (Turkey)
  • Boris Johnson (United Kingdom)
  • Joe Biden (United States)

Joining these political leaders was the President of the European Commission of the European Union, Ursula von der Leyen, and President of the Council of the European Union, Charles Michel. Antonio Guterres, general director of OMS, specifically discussed financial issues relating to the health of the world population.

What was discussed?

So, first and foremost I want to say my thoughts on the possible solutions that will be discussed in the hopes of resolving some of the world’s current Economics problems.

  1. The European Union will invest in the eco-transaction for social enterprises, which are present in nations like Germany and Netherlands, but not in Turkey or in the United States at the moment. Mario Draghi was noted as saying that the Turkish president did not consider the political circular economy. Therefore, there will be no equality in the sense of financial economics in the future, and as a result there will be more discrepancies in terms of environmental sensibility. 
  2. The markets will be more open to Artificial Intelligence. This is especially important as AI is now considered fundamental for new inventions and innovations. 
  3. The United States will invest more on the prototype of financial democracy. In general, it has been noticed that Biden’s government is more concerned with solving population problems than Trump’s government. 
  4. China will be the first world power nation. Compared with all other international markets, China is one of the best markets for social capital that Chinese companies can invest with and also for AI (Artificial Intelligence).

Conclusion

In general, I believe there will be considerable investments in innovation, but I also think there will be areas that will see more progress than others.

I believe the central areas will be capital growth, new health solutions and eco transactions, with a greater focus on the rights of employees. Meanwhile , I think that the semi-peripheral areas will be capital growth, new health solutions but also more consideration of people’s rights on goods and services and on working issues of industries. In my opinion, the periferica areas will be debts and stagflation. It is also possible that there will be problems about having credits as paying back debts may become difficult to do. However, also inflation and financial stagnation are likely to lead to many problems, meaning that no investments will be made into sustainable finance. 

Let’s hope there will be a graduating consideration of nations that are in critical situations, like Perù, Mexico, Spain, and many African countries.

Sources

  1. https://www.consilium.europa.eu/en/
  2. di Taranto, Giuseppe. “The History of Economics.” (2012)
Categories
Weekly Summaries

6th of September – 11th of September

Uncertainty in Nicaragua

The current President of Nicaragua, Daniel Ortega, is taking steps to ensure that he will win the elections in November again. The New York Times writes that there is no “credible challenger” and that Ortega is “turning Nicaragua into a police state.” Seven candidates have been jailed or put under house arrest since June alone and people from all backgrounds — from millionaire banker to a decorated general to a low-profile provincial activist — have been targeted.

Other News

  • The U.S. remembered the 9/11 attacks that happened 20 years ago.
  • Maria Kolesnikova, a Belarusian opposition figure, was sentenced to 11 years in prison during a trial in Minsk last week
  • In a ruling last week, Mexico’s Supreme Court decided that making abortion a crime was “unconstitutional”. Nonetheless, abortion is still not available to most of the Mexican female population.
  • El Salvador adopted Bitcoin as a legal tender, the first country to do so
  • The Taliban named an acting cabinet last week. However, the lack of women and some former leaders from the Taliban’s 1990s regime have raised alarm bells in other countries.
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Weekly Summaries

3rd of May – 9th of May

Unrest in Israel

Last week, a stampede at a festival for the ultra-Orthodox Jews in Israel left 45 people dead. Meanwhile the Israeli prime minister Benjamin Netanyahu stated that he “would be willing to hand over leadership for one year” to Naftali Bennett, a right-wing rival, according to the New York Times. This statement can be seen as a desperate attempt by Prime Minister Netanyahu to form a government. Mr. Netanyahu may have been in office for the past 12 years, but he is currently facing trial on corruption charges and Israel has seen four elections in just two years. However, Naftali Bennett is uncertain about how sincere the Prime Minister is about his proposal, especially because the coalition would still be two seats short of the required number to form a majority government. Soon after, Mr. Netanyahu failed to meet the deadline set for assembling a new government, which was Tuesday night. Yair Lapid, who is politically in the center, now has 28 days to form a coalition.

Other News

  • A suicide bomber blew up a truck in Logar Province, Afghanistan. 
  • German prosecutors were able to break up “one of the largest child pornography sites operating on the darknet,” according to the New York Times.
  • The New York Times reported a subway crash in Mexico City last week, in which a subway overpass collapsed, has killed at least 24 people and wounded 70 more.
Categories
Weekly Summaries

8th of March – 14th of March

US Stimulus Package is passed

This past Wednesday, the 1.9 trillion US dollar stimulus package passed through the House of Representatives. The bill includes benefits for low-income Americans and also extends the $300 dollar per week supplemental employment benefit until September. President Biden signed the stimulus package on Friday. 

Other News: 

  • A series of explosions at a military base in the city of Bata in Equatorial Guinea killed at least 20 people and injured 500, according to local authorities. 
  • Tens of thousands email addresses have been affected by a hacking campaign against Microsoft. The victims are US businesses and government agencies.
  • Women protested in Mexico City at the residence of Mexico’s president against one of the world’s worst rates of gender violence.
  • The Russian government announced that it would be “slowing” the access to Twitter.