Dominated by disputes between China and the US, the recent Asia-Pacific Economic Cooperation summit in Papua New Guinea ended without an agreement for the first time in its history. Escalating tensions between the two economic superpowers, and their ongoing trade war, have businesses scrambling to avoid tariffs and operational disruptions.
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.
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 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.
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.
The US system of higher education has over one million international students who inject billions of dollars into the country every year. President Trump’s rhetoric and policies have troubled current and prospective international students, and the Trump White House may damage this highly profitable sector of the US economy.
A newly opened railway line in East Africa was funded by Chinese banks and constructed by Chinese companies. That project and other China-backed railways in Africa may be evidence that China’s global aspirations are growing while the US's are shrinking.
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.
Nicaragua is one of the poorest nations in the Western Hemisphere, but it may soon become a major player in the world economy. Its partnership with a Chinese company and plans to build a waterway to compete with the Panama Canal may signal that China has set its sights on competing with the US in Central America. This post explains the potential benefits and downsides of the proposed canal, which The New York Times says would be "the largest movement of earth in the planet’s history."
Last week the first-ever international transaction between banks using multiple blockchain applications took place. Wells Fargo, Goldman Sachs and other prominent firms are developing blockchain technologies, but blockchain’s reach is not limited to financial transactions. This post collects some of the ways various companies across industries are using this fast-evolving technology that some experts believe may be as revolutionary as the internet.