Exactly 20 years after they started, representatives from the European Union and Mercosur concluded negotiations on one of the biggest trade deals in history. The EU is the South American bloc’s first major trade partner, and the new agreement is the largest ever for both sides.
EU authorities agreed on a framework for screening foreign direct investment. The agreement isn't binding but investors need to understand its basic elements and how it fits into a global trend of tightening FDI restrictions.
Foreign governments and multinationals have started investing heavily in India, thanks in part to Prime Minister Narendra Modi’s economic reforms. We tell you why India is so appealing to some foreign investors, and why others are still reluctant to enter one of the world’s largest, fastest-growing markets.
The French government has announced reforms to make the country’s labor system more employer-friendly. The reforms will ease the process of hiring and firing employees and should lower unemployment and induce foreign investment.
Trade-agreement negotiations between the EU and the four South American countries that comprise Mercosur have dragged on for 17 years, but they’ve taken on a new urgency due to US protectionist policies. The two sides aim to finalize an agreement by the end of the year.
For years, China’s government encouraged privately-owned companies to engage in cross-border acquisitions, and enabled them with cheap debt. This led to the rise of “gray rhinos,” free-spending companies that have dramatically changed the global M&A landscape. Beijing is now looking to rein them in.
In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.
The Australian Taxation Office issued a combined $2.9 billion in tax bills this month to seven multinationals, including Apple, Google and Microsoft. The ATO’s actions come three months before the effective date of Australia’s widely heralded diverted profits tax, known as the Google tax. Here’s what you need to know about this important legislation.
London is home to some 200,000 French expats and is sometimes facetiously called France’s sixth largest city. Brexit-related uncertainties have some London-based French expats worried, while French authorities see an opportunity to woo them back home.
France will hold its presidential election on April 23. By most accounts, the election has the potential to cause significant global upheaval.
Chinese President Xi Jinping’s speech this month to the World Economic Forum about the importance of globalization presented an unexpected and bizarre contrast to President Trump’s protectionist inaugural address. This post explains why some feel the US is in effect about to play the part of the 2003 Buffalo Bills to China’s 2003 New England Patriots.
McDonald’s announced a partnership with a Chinese state-funded conglomerate and a US private equity firm. The $2 billion deal reflects economic and cultural realities in China and is evidence of McDonald’s willingness to depart from its traditional domestic strategies when doing business across borders.