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.
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.