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Walmart faces ongoing challenges in its international operations. We review the company's shifting strategy in China, the ongoing risks in Latin America and the potential for Walmart to expand in Sub-Saharan Africa.

Walmart's international operations accounted for 24.1% of sales and reached USD116.1bn in FY2016. Walmart has seen this percentage

An improving outlook for Moroccan exporters, amid rising phosphate production and a positive economic momentum in the eurozone, will be mitigated by rising energy imports as oil prices recover. Strong foreign direct investment flows, remittances and rising foreign reserves over the past few years will ensure the country's capacity to finance its

Mauritius's pursuit of Chinese investment and a place on the 'Maritime Silk Road' will bolster inward investment and may help mitigate some of the effects of significant economic headwinds from traditional trading partners in the coming years. The process will also see a boost in grants from China's strategic rival (and Mauritius' long-time ally)

BMI View: The immediate impact from the EU-Japan FTA Political Level Agreement signed on July 6 this the political benefits to each side. Specifically, the agreement enables Japan and the EU to head into the G20 meeting with a tangible commitment to free trade creating a counter-weight to the US' more interventionist stance. Looking at long-term

Sub-Saharan Africa's (SSA) mining sector will continue to face a more challenging operational environment relative to miners in Asia and the Americas. More notably, we expect the region's largest producer, South Africa, to witness a contraction in terms of mining sector over the coming years as the political and regulatory situation on the ground

2017 broadly signals a more positive outlook for the MENA infrastructure markets, which will benefit from oil prices starting an upwards trend and the corresponding general improvement in investor sentiment. Growth in key markets will tick upwards, although Saudi Arabia will disappoint and Iran's future attractiveness is at risk from a new US

European airports' renewed efforts to increase their non-aeronautical revenues can have a mixed impact on credit profiles, Fitch Ratings says. The strategy could help some airports perform better in a downturn if it results in a genuine diversification of revenue streams, but it can also expose them to new risks.

Non-aeronautical revenues have

As an aid to growth, Partner's IPTV service will only be mildly successful in the short term as it comes late into a market characterised by pay-TV saturation and dwindling operator revenues. Partner will leverage three aspects of its service: superior infrastructure, a flexible platform and premium content straight to the TV, but this will be no

Project activity across the MENA region will tick upwards in 2017 as governments begin to move pipelines forward following a period of relatively low activity. MENA will remain a significant market for transport project opportunities, but it is the non-residential building sector - specifically commercial and industrial projects - that represents

The rare combination of higher bond yields and lower equity prices across developed markets is becoming increasingly likely as risk perceptions change amid extreme market valuations. Cash is likely to become increasingly attractive due to its safety as central banks move to normalise monetary policy and asset values fall creating the appearance