Global Economic Trends and Key Business Insights: COP29, AI, and US Election Impact | TRIZAN Business News
Welcome to Trizan Business News' Sunday Forecast
In this inaugural edition, we bring you a look ahead at the key global events, trends, and market updates shaping the business landscape. From emerging AI applications to economic forecasts and international political shifts, our goal is to help you stay informed and prepared for the future — whether that's next week or next decade.
Week Ahead
Monday: COP29, the 29th annual UN climate conference, kicks off in Azerbaijan. With over 100 world leaders and ministers in attendance, the focus will be on securing increased financial commitments from developed nations to support climate adaptation and clean energy projects in developing economies.
Tuesday: Economic data highlights include CPI (consumer price index) reports from Argentina and Germany. Home improvement retailer Home Depot is expected to report weaker earnings as fewer Americans are purchasing homes and renovating.
Wednesday: The US releases its October CPI data, providing a fresh look at inflation trends after the Federal Reserve's recent quarter-point rate cut. Tencent will also report earnings, with a focus on its gaming sector.
Thursday: Sri Lanka holds parliamentary elections, with the outcome potentially impacting the country’s political stability and economic reforms.
Friday: Economic data from China and the UK will provide a snapshot of global economic health. China will release several key indicators, including retail sales and industrial production, while the UK will report its third-quarter GDP growth.
Key Trends to Watch
US Election and Foreign Policy: The return of Donald Trump to the political stage raises questions about the future of US foreign policy. Trump’s “America First” approach, emphasizing protectionism and unilateral deals, has global implications. Key areas to watch include trade policy with China, US alliances, and the future of military commitments in regions like Taiwan and Ukraine. Trump’s unpredictability is a defining feature of his foreign policy approach, and experts suggest that he may continue to challenge multilateral frameworks and lean towards bilateral agreements instead.
Artificial Intelligence (AI) in Business: AI continues to play a transformative role in business operations. Wendy’s, for example, is now leveraging Palantir’s AI to optimize its supply chain, predicting potential shortages before they occur. AI-driven supply chain management is an increasingly common trend among large retailers, as companies aim to stay ahead of consumer demand shifts and optimize inventory.
Climate Finance and COP29: As COP29 convenes this week, climate finance remains a central topic. The goal is to significantly boost the funding allocated to developing countries for climate adaptation and clean energy projects. Discussions will likely focus on how to increase the annual flow of financial support from the $100 billion pledged in 2022 to a potential $2 trillion by leveraging private investors and development banks. While this remains a challenging goal, successful outcomes could have far-reaching effects on global sustainability efforts.
Predictions and Insights
Mergers and Acquisitions: Industry experts predict that a return of Trump to the White House could spark a wave of large-scale mergers and acquisitions, as businesses brace for a potential shift in policy and regulations.
Economic Impact of Immigration Policy: The potential for stricter immigration policies, such as deportations, could lead to a contraction in the US economy, with reductions in consumer spending and investment. This would likely have a deflationary effect on GDP per capita in the short run.
AI in Corporate Earnings: AI companies are expected to contribute a larger share of S&P 500 earnings this year compared to the tech, media, and telecom sectors in the late 1990s, signaling the growing importance of AI in corporate financial performance.
Market Focus:
COP29: The outcome of the COP29 summit will be closely watched, especially as countries debate climate finance and emission reduction commitments. The biggest challenge may come from the ongoing geopolitical tensions surrounding climate agreements, with nations like China maintaining their stance as a developing country for the purposes of climate finance.
Tech Innovation: Apple Inc. is reportedly exploring the smart glasses market, setting the stage for potential competition with Meta Platforms Inc. as augmented reality (AR) continues to gain traction. Look for new developments in this space to drive innovation and consumer interest in the coming years.
What to Watch:
The long-term impacts of AI on industries like retail, gaming, and manufacturing.
How global trade tensions, especially with China, will evolve in the wake of the upcoming US election.
The strategies that nations and corporations will employ to meet climate change goals amid economic pressures.
Stay tuned to Trizan Business News for ongoing updates on these stories and more.
This edition has covered some of the top developments impacting business and global markets. We’ll continue to track how these trends evolve, offering you the analysis and insights you need to stay ahead. Have a productive week ahead!
— Trizan Business News Team
