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The Football World Cup 2026 will be the largest tournament in football (soccer) history and a structural departure from previous editions, expanding from 32 to 48 teams and from 64 to 104 matches across 16 host cities in the US, Canada and Mexico.
The Iran war marked the first major oil shock that did not trigger a broad emerging markets sell-off. Markets repriced countries based on strengths and weaknesses rather than the traditional EM–DM divide.
Financial fundamentals remain the primary drivers of credit risk. Across more than 7,400 companies and 280,000 firm-year observations, profitability (ROA), leverage and size collectively explain the vast majority of variation in credit risk.