After a prolonged dry spring and early summer, Mexico has declared an end to the drought that disrupted daily life and business operations. Several companies have lifted their Force Majeure notices, which were strictly implemented due to the drought. The increased rainfall has also improved logistics around major Mexican ports and terminals. In related news, water levels in the Panama Canal are rising, and daily ship traffic has returned to normal levels not seen in years. To read more, click here.

Global Economies & 2025 Outloook
Despite recent positive economic data and a mostly robust outlook, the overall European economy still faces headwinds into 2025, with persistent core inflation, unsure policy