Leaders from the G7 countries concluded their annual three-day summit yesterday. A storyline involving France, the U.S., digital taxation and wine tariffs illuminates some of the most important economic issues of our time.
The White House released a statement yesterday announcing the successful negotiation of the new United States-Mexico-Canada Agreement, intended to replace NAFTA. Here are some of the significant changes people are talking about now.
The Trump administration imposed a third round of tariffs on Chinese goods, covering roughly $200 billion of imports from China. China retaliated with $60 billion of tariffs. We tell you if this is likely to be a prolonged battle and what US companies need to consider now.
A parliamentary report estimates the UK throws away 2.5 billion disposable coffee cups each year, “enough to stretch around the world roughly five and a half times.” Fewer than 1 in 400 are recycled. The report recommends a 25p (about 33-cent) levy on coffee cups, part of a trend of European lawmakers addressing the growing problem of single-use plastic waste.
The US has imposed tariffs on steel and aluminum imports from the EU, Canada and Mexico. These major US trading partners and traditional allies quickly condemned the measures and vowed retaliation. Here’s what US-based multinationals should be most concerned about now.
There are few global industries hotter than co-working, or the practice of renting shared office space to freelancers, startups and other companies. The rise of co-working recently prompted Beijing authorities to add new business-registration requirements, which may be a sign of global regulatory changes to come.
Last month, the US men’s national soccer team lost a game that knocked the US out of the 2018 World Cup. One prominent commentator called it “the most surreal and embarrassing night in US soccer history,” and its economic consequences will be significant and long-lasting.
DPAs are agreements between prosecutors and companies that essentially say authorities won’t prosecute fraudulent activity if a company agrees to pay a fine and get its regulatory house in order. Corporate leaders should know that the US and UK have different DPA systems in place.
Last week, the US Trade Representative Office released a summary of objectives for NAFTA renegotiation, which will likely begin next month. We explain the Trump administration's change in strategy and why the renegotiation is so important.
President Trump’s visit to Warsaw highlighted Poland’s steady rise to economic prominence over the last two decades. The Eastern European nation is now poised to join the ranks of IMF advanced economies. The last country to make that leap was South Korea 20 years ago.
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.
On a recent trip to Vietnam, US Trade Representative Robert Lighthizer announced that the US won't change its decision to pull out of the Trans-Pacific Partnership. Meanwhile, the remaining 11 TPP nations met to discuss the fate of the trade agreement.