A China factor is increasingly present in a large set of non-CNY-denominated assets, which can create “hidden” opportunities as well as “hidden” risks.
Life after death: The phoenix-like rising of Japan's life industry
Japan’s life insurance industry has weathered the long yield winter remarkable well, but we find that there is still some room for improvement within the local market.
Liquidity matters: Corporates may need half a trillion of additional working capital requirement financing in 2021
Large companies will face a record increase in WCR in a context of a strong demand rebound triggered by the grand reopening, alongside severe shortages in inputs, labor and final goods.
Global trade has bounced back stronger than expected so far in 2021, driven by input restocking and shipping constraints rather than supply-demand dynamics.
G7 corporate tax deal: Who is winning, who is losing?
The ensuing competitiveness shock will benefit the economies of Poland, Spain, China, the Netherlands, the US and the UK at the expense of Emerging Markets.
Abolishing fuel subsidies in a green and just transition
Abolishing fossil fuel subsidies and directing the funds to renewable energy seems like an easy win for the climate. But getting rid of them comes with steep costs for consumers, particularly the poorest households.
Global Insurance Report 2021 - Bruised but not broken
While some regions, especially Asia, will almost seamlessly resume their pre-crisis development as early as 2021, the recovery elsewhere will be much more uncertain.
