In This Edition

Key Takeaways

US presidential candidate Joe Biden names Kamala Harris as his running mate.The UK dropped into its deepest recession on record in Q2. The WHO is in discussions with Russia about possible WHO prequalification for its new vaccine.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state. 

The WeChat and TikTok Ban: Implications for Tech Relations

Last Thursday, President Trump issued two executive orders designed to effectively ban WeChat and TikTok from the US market in a significant escalation of worsening US-China relations in the tech sector. Along with igniting controversy over use of executive power in the US, the ban raises broader questions about the international reputation of the US market and potential for an increasingly splintered global internet.

Global Threats and Global Value Chains

The idea of remodeling global supply chains to better support resiliency is far from new, but the coronavirus provided a vivid reminder that massive disruptions do occur. A new study from McKinsey estimates that countries could shift around one quarter of their global product sourcing to new countries over the coming five years in response to rising global risks such as pandemics, extreme weather events, terrorism, cybersecurity attacks, and financial crises.

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