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Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.

Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.
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Let the globalEDGE blog keep you up-to-date on international business trends, news, and resources.




$35 Billion Acquisition continues the consolidation in the global payments industry

Earlier this week, Fidelity National Information Services Inc. (FIS) announced their agreement to acquire fellow global payments company Worldpay in a deal valued at $35 billion in cash and stock. The combined company will become a one-stop shop to process online and in-store payments and manage multiple currency transactions. Management is hoping the combined larger company will be able to reach more customers in an increasingly online industry, while also recognizing around $400 million in...


Global Ski Market Looks to Expand Grip

As spring break passes for students and people around the world begin to get a taste of warmer spring weather, the global ski industry will work to close out the winter season with strong earnings and participation. Millions of people elect to swarm to the snowy peaks of ski resorts each year, taking on the slopes in hopes of finding leisure, winning a competition, or satisfying their adventurous spirit. With the recent passing of the 2018 Winter Olympics in PyeongChang, China, the industry...


Countries Earning the Most from International Tourism

Tourism is a crucial factor for a lot of economies and a main source of revenue for most countries around the world. Remarkable growth has been recorded in the tourism industry since 2017. According to a report released by the UN World Tourism Organization (UNWTO), international tourist arrivals worldwide increased by 7 percent in 2017. This result was the highest since a consistent percentage of around 4 percent was being recorded since 2010. In the first nine months of 2018, international...


Autonomous Driving Meets Food Delivery

The food service industry is experiencing more changes than ever. Several decades ago, traditional food services were improved by food delivery apps. Now, a new method of food delivery is on the rise that will revolutionize this industry. Autonomous vehicles have been in the spotlight recently, from daily conversations to public debates. But who would have imagined for autonomous driving to step into the food industry first? Currently, auto manufactures from around the world are partnering...


The United States is Set to Become the World’s Top Oil Exporter After 2021

The development of fracking has created a revolution in the United States oil and gas industry. Following a conference in Houston, analysts have projected the U.S. to surpass Russia and Saudi Arabia to become the world's top crude exporter within the next few years. The U.S. is projected to double its gross crude oil exports to 4.2 million barrels per day by 2024. Additionally, the United States is expected to account for 70% of the total increase in global production capacity over the next...


Brazil's President Bolsanaro’s Economic Outlook

Brazil is the largest country in South America and the fifth largest country in the world. They have endured much financial and political hardship as a nation. Just three years ago, Brazil's economy experienced 8 consecutive quarters of contraction. GDP declined 3.6% in 2015 and 3.8% in 2016. Recovering from their worst recession in a century, Brazilian citizens had to overcome corruption from thousands of politicians and business owners alike. Even the president was arrested and prosecuted...


Economist’s Research Suggests That China’s Exports May Slow; What Does This Mean?

As stated by Capital Economics’ Chief Asia Economist Mark Williams, “China’s time as an emerging markets outperformer is ending”. The reasons for this include high levels of debt, a declining working-age population, and lower levels of productivity. This has the potential to send shockwaves through countries supply chains and force companies to look elsewhere when seeking imports. The Chinese government is planning to cut taxes and boost military spending as a cash injection into the...


Big Mac Index Update

Under globalEDGE Insights by Country, a variety of indices can be found for each country. GlobalEDGE has recently updated its indices including the Big Mac Index. The Big Mac Index includes the price of a Big Mac in different countries around the world. This index has become a global standard based on the theory of purchasing power parity, and that over time, exchange rates should move so that an identical basket of goods would have equal prices across countries. There is a GDP-adjusted...


Updated State Insights on globalEDGE

The State Insights section was recently updated by the globalEDGE team. These sections include background information, important trade destinations such as ports and major cities, and a list of trade contacts for each of the 50 American states. In addition to this information, Fortune 1000 company rankings and data, trade statistics, and resources designed to enhance your business knowledge are included within the State Insight sections.


The Federal Reserve is Close to Completely Selling Its Mortgage-Backed Securities Portfolio

We are approximately a decade since the United States last recession and the U.S. Federal Reserve is coming close to finalizing a plan on how to reduce its balance sheet. At its peak, the portfolio was valued at over $4.25 trillion. The Federal Reserve purchased these securities, of which are mostly mortgage-backed securities in three rounds of stimulus that began in 2008 and finished in October 2016. The selloff of securities began in 2017 and plans to sell the majority of their holdings...


Tourism and Tourists' Spending Around the World

In the past few decades, there has been a steady increase in the number of international tourists everywhere, both inbound and outbound. As connections increase due to globalization and advanced technology, more people are traveling for leisure than ever. This increase has shaped a new industry with high growth potential. In recent years, tourists' spending is increasing at a surprising speed, contributing to countries GDP and shaping many travel policies.


Temporary Relief of US-China Trade Tensions

US President Donald Trump announced Sunday night that the United States would delay a scheduled tariff rate increase. Currently, $200 billion of Chinese goods are subject to a 10% tariff, however, that rate was slated to increase to 25% on March 2nd.


Global Smartphone Market Experiencing Significant Shifts

In the mid-2000’s, smartphones took the world by storm. Offering a plethora of abilities and functions to users, these intricate devices were obsessed over by people around the world, connecting users to anything they desired with the click of a button or a tap of a screen. Recently, however, the smartphone market has experienced several missteps and subsequent difficulties selling their products to consumers.


Top Five Countries Exporting to the United States

There are five countries that the United States imports more than half of their goods from. These imports are from China, Canada, Mexico, Japan, and Germany. It imported 22% of its goods from China in 2017 which were worth $526B. It also imported 13% from both Canada and Mexico. Japan and Germany contribute a percentage of around 5%. Every single one of these countries has a comparative advantage that makes them successful exporters to the United States.


Top Trends in Technology in 2019

1. Blockchain Technology will gain traction Blockchain, the driver behind bitcoin, is a technology that uses a common ledger of information that updates simultaneously with every transaction on a public network of thousands of computers. Benefits of blockchain are that there is no singular controlling entity that can manipulate data and that there is no single point of failure except that of human error. In 2019, it is expected that we see blockchain technology used in areas outside of...


An Overview of Jamaica's Economy

Jamaica is a small island country in the Caribbean Sea, about half the size of the American state, New Jersey. Since its origin, the country has functioned through an agricultural emphasis. Settled by the Spanish and English in its early discovery, Jamaica was used as a slave island that farmed staple crops to accommodate world trade. Even after gaining independence in 1962, the country’s economy remained agricultural as a consequence of the past slavery.


Concern over Major Global Financial Benchmark

The London Inter-bank Offered Rate (LIBOR) is an interest rate benchmark that is used to set the interest rate on hundreds of trillions of dollars in debt around the world. The LIBOR rates are set via a consensus mechanism whereby the world’s leading banks submit the interest rate at which they believe they could borrow funds from another bank. The LIBOR rate is set for seven different maturities, ranging from one week to one year, with the most commonly quoted rate being the three-month...


Trends in the Beauty Industry

The beauty industry is constantly changing, adapting to new consumer wants and developing innovative products. Demands in the industry are very volatile, affected by many factors on a daily basis. Below are some current trends:


As Climate Change Becomes a More Prominent Issue, Even Investors are Joining the Fight

As climate change increasingly becomes a bigger issue, investors and companies are looking for ways to minimize their environmental impact with regards to greenhouse-gas emissions. Investors such as Aviva Investors and Aegon Asset Management are encouraging restaurants and food companies to reduce their carbon footprint and redefine their supply chain to be more environmentally friendly. Especially in the United States, this is a controversial period for this issue. Analysts are expecting...