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Key Takeaways

Pfizer officially ended its Phase III trials with 95 percent efficacy for its COVID-19 vaccine. The IAEA reported that Iran has begun operating uranium centrifuges at Natanz. Zambia becomes the first African economy to default during the pandemic.

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.

Country in Focus: Peru

November has been a month of turmoil for Peru, even by the chaotic standard of 2020 . Within the period of a week, the Andean nation cycled through three presidents in a rapid political crisis that resulted in deadly protests and a brief period in which the country had no president at all. This week, the government swore in centrist lawmaker, engineer, and former World Bank official Francisco Sagasti as interim president.

Charts in Focus: Europe’s Second Wave

As Europe enters colder winter weather, infection rate trends are beginning to show that, in many countries, lockdowns are helping to flatten coronavirus case curves. Though such trends provide hope that many countries will be able to stick by their self-imposed lockdown-easing deadlines to some degree and enjoy more freedom of movement before Christmas, cases remain elevated much above pre-autumn rates.

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