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Recent Editions
Risk Channel
North America
JPMorgan views aging grid infrastructure as a "national security risk" amid threats including extreme weather and cyberattacks. The bank says investments in grid infrastructure are "increasingly attractive" and a "massive investment opportunity" due to growing energy demand and volatility. “Energy volatility from geopolitics . . . means you may no longer want to rely on oil and gas deliveries from partners in the Middle East and North America and instead want to shift towards building out new renewable technologies that allow for energy self-sufficiency,” explained Sarah Kapnick, JPMorgan’s global head of climate advisory.
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Risk Channel
UK/Europe
Germany’s Finance Minister Lars Klingbeil says he wants to force foreign companies to form joint ventures with local businesses to operate within Europe, in a bid to obtain greater scrutiny over cross-border takeovers. The proposals aim to protect German firms in sectors where they “have fallen behind technologically,” according to a finance ministry document. Bloomberg notes the idea would mirror a method already employed in China. “I know these are tough measures and tough demands,” Klingbeil said. “But they are necessary if we are to safeguard technologies and jobs here in Europe.” Klingbeil also called for changes in income tax that he said would deliver several hundred euros a year in relief to 95% of employees. "Anyone who works hard and works more will finally have more money in their pocket as a result of this reform," he said, adding that higher earners and wealthy asset holders should shoulder more of the burden. The new proposals also seek the abolition of the current income splitting system for married couples, which lowers taxes for partners with unequal earnings.
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