The Gulf sovereign funds, historically financed by oil revenues, accumulate long-term savings through diversified investments. During the 2007-2008 financial crisis, they rescued the financial system, and now lead investments in artificial intelligence and energy transition, with assets growing from $2 to over $5 trillion in a decade, representing nearly 40% of global sovereign funds.
The analysis examines debt stabilization in the European Union, United Kingdom and United States, estimating significant fiscal adjustment necessary in countries such as the US, France and the UK to stabilize debt, although public debt is considered sustainable with additional fiscal efforts.
The relations between the EU and UA have been problematic for 25 years, with cyclical summits and euphoric declarations, but mistrust prevails. The 7th meeting of heads of state will be in Luanda on November 24-25. The summits focus on grandiose declarations, but do not address underlying tensions, so a more effective approach is needed to resolve disagreements and discuss association in a changing geopolitical context.
After a long dispute, enough Democrats agreed to reopen the federal government without extending the subsidies for Obamacare. Despite criticism, they gave in due to their limited influence as a minority and the pressure to mitigate the effects of the shutdown.
Zohran Mamdani wins the New York mayoralty with a speech against Trump, promising to hold abusive landlords accountable and end corruption. He mobilizes young people with a dynamic social media campaign, becoming the youngest mayor since 1892 and the first born in Africa, of Indian and Muslim descent. He achieves broad electoral participation, marked by the support of young and low-income voters. He proposes progressive measures such as free buses, rent controls, affordable housing, municipal supermarkets, universal childcare, tax increases for large fortunes and a $30/h minimum wage.
