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Key Takeaways

The World Bank downgrades 2022 growth forecast by nearly a third and warns of risk of "stagflation." Russian and Turkish talks end without breakthrough on export grain from Ukraine. An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach, per WTO. Analysis: ESG Credibility Eroding on Two Fronts. Analysis: Ukraine War Update: Battle for Severodonetsk, Grain Export Talks.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: ESG Credibility Eroding on Two Fronts

On Monday, May 30, German police conducted a surprise raid of the offices of Deutsche Bank’s DWS unit as part of its investigation into claims of “greenwashing,” or overstating its sustainability claims, by DWS – the first time that an asset manager had been raided as part of an ESG investigation.

Analysis: Ukraine War Update: Battle for Severodonetsk, Grain Export Talks

Ukraine will fight to recover all its territory occupied by Russian forces, President Zelensky said on Tuesday, as his troops struggled to hold their ground in bloody street-to-street fighting in the city of Severodonetsk.

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