Luis Gómez Romero via The conversation | Mexico’s next president will be Andrés Manuel López Obrador, a former Mexico City mayor and outspoken critic of the political establishment both in Mexico and the United States. The 64-year-old leftist, who had for months led a crowded presidential field, beat three competitors on July 1 to triumph in his third presidential bid.
Mexicans go to the polls on 1 July. Some 3,400 elected positions are at stake (including the President, deputies senators, and gubernatorial elections), potentially reshaping the country’s political landscape. AXA IM analysts expect that Andrès Manuel Lopez Obrador, also known as AMLO, will be victorious and become the next President and that his coalition Called MORENA) will obtain a small majority in both chambers of the Congress.
Huan Guocang via Caixin | What did Kim Jong Un and Donald Trump achieve during their meeting in Singapore last week? Judging by the media response to the summit, the two made few breakthroughs and neither stepped out of his expected role.
Shaun Riordan | Trump’s behaviour at the Singapore Summit with Kim Jung Un has little to do with foreign policy, or indeed North Korea. Like his attacks on allies at the G7 Summit last week, it is aimed at the mid-term elections for Congress. Long-time US allies count for little compared to Trump’s domestic political needs. Europe must take responsibility for its own future.
Shigoli Shitero | In March, African leaders descended upon Kigali, Rwanda, the Land of a Thousand Hills’ capital, to ink an agreement that is meant to smoothen the rough terrain of intra-African trade. Nearly 50 years after independence movements swept across Africa, the continent is still struggling to find its footing.
US President Donald Trump’s alleged remarks questioning why the US should take in immigrants from what he apparently called “shithole countries” — those comprising Africa, along with Haiti and El Salvador — have been met with indignation around the world.
It is expected that some Chinese local government officials may still try to fight bureaucracy with bureaucracy. For instance, when inspectors come, the officials will list how many meetings they have held, how many documents they have released and how many reports they have written to the cause.
When it comes to the fight against climate change, the conversation has focused nearly exclusively on how to bring down levels of one element — carbon. But what role will the metals and the mining industry play in the drive to realize a low-carbon future? As it turns out, one larger than we might think.
American president Donald Trump reportedly disparaged immigrants from Africa, El Salvador and Haiti on Thursday, asking his advisors, “Why are we having all these people from shithole countries come here?” Trump then suggested that the United States should bring more people from countries like Norway, whose prime minister he met a day earlier.
Gold’s recent winning streak was the mirror image of a weakening US dollar. Julius Baer’s analysts still see upside for the US dollar, resulting from accelerating growth and rising interest rates, which should weigh on gold over the coming months. These rate cycle headwinds should however fade as the year progresses, opening up medium- to longer-term bottom-fishing opportunities.