Much of our economic news lately has been dominated by the trade war between the U.S. and China, including escalating tariffs on both sides. However, the trade deficit is simply a measure of the difference of the value of imports between the two countries. There is another important measure that also sheds light on the balance of economic power between the U.S. and China. That measure also speaks powerfully to how U.S. companies operate and where they make their money. Most commentators, however, never mention it.
The World Economic Forum held its annual meeting last week in Davos. One of the themes of the event was the importance of investing in emerging markets.
Multinationals are attractive targets for fraudsters who specialize in business email compromise, or BEC, which can involve "spear phishing," hacked email accounts or other ploys. To stop BEC scammers from harming your organization, you need to understand how they operate.
Hong Kong companies must now collect and retain information about their beneficial owners. The new law is part of a global effort to enhance corporate transparency.
We explain the origins of the Catalonian independence movement and its possible ramifications for businesses operating in the region.
Since international business ventures don’t always go as planned, a business considering global expansion should understand the costs and time associated with winding down host-country operations in the event that corporate strategy changes.
The near-term implications of thawing relations for U.S. businesses are likely modest, but the long-term potential for economic development is significant.
Corruption is one of the stickier issues organizations must navigate when expanding into new countries. With companies such as JP Morgan battling alleged corruption charges in China, cases like this illustrate the potential pitfalls of operating abroad. Overseas, many forms of corruption remain widespread. Check out Corruption's Big 3: North Korea, Somalia and Afghanistan.
If you’ve expanded into a foreign country, you’ve experienced the transition to a whole new set of laws and business regulations. Foreign laws governing business practices are frequently difficult to adjust to and sometimes quite frustrating. But once in a while, foreign business laws can also be downright surreal. Here are four favorites we’ve come across. We think you might learn something even from these head-scratchers.