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.
Brazil endured a difficult recession a few years ago and continues to experience headwinds. But it remains the eighth-largest economy in the world and an appealing destination market for multinationals. Marcelo Borgheti, Vistra’s Brazil Managing Director, has helped companies expand into and operate in Brazil for more than 30 years. He explains how and why Brazil’s economic landscape is changing and why multinationals still want get in on this huge, emerging market.
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.
This month’s transfer of Brazilian soccer player Neymar from the Spanish super club Barcelona to the French super club Paris St-Germain included a transfer fee of over $250 million, putting it on a par with some of the year’s biggest cross-border M&A deals. The transaction speaks to the changing nature of global super clubs and to the global economy itself.
The World Bank projects global growth to improve to 2.7 percent in 2017, up from a decade-low 2.4 in 2016. Growth rates should further improve over the next two years. We summarize the important points of the World Bank's recent Global Economics Prospects report and take a look at its forecasts for five critical global economies.
This week's Global Glance looks at a workplace spanking incident in China, and a survey showing Asia-Pacific as the new epicenter of the world's rich.
In this week's Global Glance we look at how the strong US dollar is hurting and helping US businesses, DraftKings' deals with three UK soccer teams, and a summary of important Zika information.
In this week's Global Glance we look at the VW scandal, the NFL’s plans to expand to London, and the mayor of São Paulo’s controversial biking initiative.
In this week's Global Glance, we look at the best and worst global vacation destinations, Lollapalooza in Colombia and Arab TV in Israel.
In this week's Global Glance, we look at the lasting effects of Japan’s 2011 tsunami, Starbucks’ expansion into sub-Saharan Africa, and a great Instagram account from a Turkish photographer.