The Nigeria Labour Congress (NLC), an umbrella group that represents most of Nigeria’s labour unions, has announced that its members will embark on a conditional strike action on June 7th.

Riding on the global energy transition, Indonesia is aiming to limit exports of the country’s raw minerals in order to encourage investment in locally based processing facilities. So far, this strategy seems to be yielding the desired results, with foreign investment rising strongly.

The analysis and forecasts featured in this piece can be found in EIU’s Country Analysis service.

Vienna is once again the most liveable city in the world. The Austrian capital slipped in the rankings in 2021, during the pandemic, but rebounded to the top position in 2022.

The EU policy moves are intended to reassure battery investors such as Tesla (US) and Northvolt (Sweden), which had halted their plans to build new battery plants in Germany after the IRA was passed.

In EIU’s July 2023 Global Outlook video, Agathe Demarais and Kate Parker discuss prospects for the UK economy.

On June 23rd Yevgeny Prigozhin, the head of the Wagner mercenary group, a Russian paramilitary group involved in Ukraine, declared his intention to take down Russia’s military leadership.

The chairman of the Federal Reserve (Fed, the central bank), Jerome Powell, reiterated his recent hawkish language at two international policy conferences at end-June.

On July 6th Singapore’s Sustainability Reporting Advisory Committee (SRAC), set up by the Accounting and Corporate Regulatory Authority and Singapore Exchange Regulation, launched a public consultation on its recommendations to make climate-related disclosures (CRD) mandatory for all listed and large non-listed companies with annual revenue of at least S$1bn (US$757.6m).

The UAE government has approved an updated National Energy Strategy, enshrining goals to triple renewable power‑generation capacity and increase the share of clean energy (including nuclear) in the energy mix to 30% by 2030 as it prepares to host the COP28 international climate summit in November. We expect the UAE to continue to take a lead regionally in setting and meeting renewable uptake commitments.