Emerging Market Currencies Plunge Amid Trade Tensions; Palermo Water Service Secures €135 Million Funding

Emerging market currencies and stocks experienced a sharp decline following the implementation of new U.S. tariffs on Mexico, Canada, and China, sparking renewed global trade tensions. The Mexican peso fell to a one-month low, trading at approximately 20.8 per dollar. Canada and Mexico are preparing retaliatory measures, while China has already imposed additional tariffs on U.S. imports. This has led to a general decline in global equities. In Italy, a pool of banks including Intesa Sanpaolo, Cassa Depositi e Prestiti, Monte dei Paschi di Siena, Banco BPM, and Mediocredito Centrale - Banca del Mezzogiorno, has committed €135 million to Amap, the company managing the integrated water service of Palermo and 50 municipalities in the province. This funding will support Amap's industrial plan, aimed at improving service quality and infrastructure.