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Rarely have the forces shaping Hong Kong’s fortunes tugged in such opposing directions. On the one side are the continuing street protests and on-again/off-again US-China trade war. On the opposite side are the city’s ambitions to serve as a hub for digital innovation. Pulling in yet other directions are forces driving integration of the economies of southern Chinese cities: forces that could lead to the rise of strong rivals to Hong Kong – or reinforce its role as gateway to the mainland.
Not much more than a year has passed since the then-15 year old Swedish girl Greta Thunberg began spending her school days outside Sweden’s parliament. Holding a sign saying “School strike for climate”, she called for stronger action on global warming.
While recent meetings in Europe between Prime Minister Johnson and his counterparts in Brussels, Germany and France may have brought increased hope that a revised deal can be negotiated for Britain’s departure from the EU, it is still the case that a ‘No Deal’ exit remains a distinct possibility. This would see the UK leave the EU at the expiry of the Article 50 extension, at 11 p.m. on 31 October.
While M&A activity in Europe has declined markedly year to date, deal value in the U.S. has remained relatively strong compared to last year.
This week, the Almedalen Week will temporarily move the epicenter of Swedish politics and business from Stockholm to Visby, on the island of Gotland. Taking place the first week of July every year, the Almedalen Week attracts some 45,000 visitors to the old Hanseatic town on the island in the middle of the Baltic Sea.
The current political and business landscape is extremely volatile. The result? Companies are increasingly likely to face issues that can damage their reputations, destroy consumer trust, harm employee morale, and impact share price.