Business Matters

Mexico's first female president, Claudia Sheinbaum, breaks a political glass ceiling and she wins the election. However, following the victory, investors have been reacting rather negatively. They’ve been selling off pesos—Mexico’s currency—over fears of radical constitutional changes. The peso slipped about 3% against the dollar, its lowest level since November last year. How will it affect local business owners and the economy?Also, in the programme, Sam Fenwick finds out why the boss of the World Bank, Ajay Banga, thinks it’s time for emerging economies to stop relying on infinite streams of cash from other governments. (Photo: Sheinbaum wins Mexico's presidential election. Credit: Reuters)