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Key View: While we have noted the rise of men’s grooming demand globally, in the Latin America region we see growth coming from a more nascent base. Lower levels of disposable incomes and cultural norms have stunted growth in previous decades; however, premiumisation in hair, skin and beard segments are rapidly growing. Imports remain a key

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• Recent data from the US Environmental Protection Agency highlight a significant rise in Sustainable Aviation Fuel (SAF) consumption. In just two years, usage soared from about 5mn gallons in 2021 to 15.8mn gallons in 2022, and then to 24.5mn gallons in 2023.
• The US aspires to reach a target SAF usage of 3bn gallons by 2030, a

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• Chile’s left-wing president, Gabriel Boric, will remain unpopular despite the rejection of a right-wing constitution by the Chilean public in late 2023, and a likely passage of a modified pension bill. 
• The January passage of a pension reform plan through the chamber of deputies was a rare win for Boric, whose legislative agenda

Key View: We forecast Oman’s arrivals to grow by 24.7% y-o-y in 2024 to a total of 5.3mn. The 2024 arrivals levels will be a new high, building on the most recent historic peak in 2023. Arrivals will continue to expand over the remainder of our medium-term forecast period (2024-2028) to reach a projected 10.8mn by 2028. Our forecasted arrivals

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• The lack of uncertainty surrounding the outcome of the general elections on June 2 means that the key political risk event facing Mexico this year is the US presidential contest in November.
• The best outcome for Mexico is for Biden to win re-election. Trade tensions are unlikely to escalate and the US will continue to encourage

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• As we had expected, Sri Lankan growth picked up in Q4 2023, and we think that the country’s recovery will gain ground in 2024. We have penciled in GDP growth of 3.5% for the year as a whole.  
• Provided, as we expect, that inflation remains subdued and that the tourism sector continues to recover, risks are now probably weighted to

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• We expect that Uganda’s current account deficit will widen to 8.3% of GDP in 2024, from an estimate of 8.0% of GDP in 2023.
• Export growth will slow in 2024 due to fading statistical base effects and moderating growth in coffee production, while ongoing investment in Uganda’s hydrocarbon sector will keep capital goods imports high

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• A lack of current effective treatment is driving research into disease modifying therapies (DMTs) for Parkinson’s disease (PD). 
• We expect Alpha Synuclein (ASN) Inhibitors will be the first form of DMT for PD to receive FDA approval. 
• Drugs which engage neuronal rescue pathways, like GLP-1 agonists, have also shown promise in

Key View:

• Hyundai reported solid 2023 and Q423 revenue and profit growth, driven by a favorable product mix emphasizing higher-margin SUV models, which boosted the average selling price.
• The carmaker plans to adapt plants for flexible manufacturing of both ICE and EV vehicles on a single line to respond dynamically to demand and supply

Key View

• AngloGold will set its strategic focus on a five pillar plan in the near term to improve its financial performance and operational sustainability.
• Over the long run, we expect the firm to see a reduction in its portfolio risk as gold production shifts away from higher risk countries of Tanzania and the DRC to that of Ghana and