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Cybersecurity and International BusinessOpen in a New Window

As industry processes around the world become more digitized, businesses find themselves increasingly prone to vicious cyberattacks. In May, a ransomware attack named WannaCry infected software in over 150 countries, upsetting procedures in the technology, finance, healthcare, transportation, manufacturing, and communications industries. Although a security patch for WannaCry was issued and installed in several systems, it wasn't enough to prevent a...

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Streaming Services Find Success in International MarketsOpen in a New Window

Have you ever tried streaming a show, watching a YouTube video, or downloading an album, only to discover that the media is unavailable due to your location? This common occurrence in the media and communications industry is known as geo-blocking. Platforms such as Netflix, Hulu, iTunes, and YouTube are entertainment services in which geo-blocking frequently occurs, due to the companies’ negotiations with studios. As media piracy has increased in recent years,...

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Businesses Within the United States Remain Dedicated to International Climate EffortsOpen in a New Window

Climate change has become a prominent issue within the past few decades. To stay in tune with global efforts to improve global climate, several nations have committed to the terms of the Paris Climate Agreement, a multinational deal made with the United Nations to curb worldwide carbon emissions. According to the New York Times, many "countries and businesses all over the world [have] already made advances based on the agreement," including rich and...

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Recent Report Indicates Electric Revolution in Automotive IndustryOpen in a New Window

Recent indicators by top battery and automotive manufacturers have sparked interest in the revolution of the electric vehicle (EV) market. Though electric vehicles have not hit mainstream markets yet, many industry analysts believe that EV technology is developing faster than consumers think. Additionally, an updated report by Bloomberg New Energy Finance (BNEF) reveals an optimistic forecast of the EV market due to falling prices of...

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Millennials and the Business of Selling ExperiencesOpen in a New Window

A recent article by the Motley Fool analyzes why “the ‘big three’ cruise lines,” Carnival Corporation, Royal Caribbean Cruises, and Norwegian Cruise Line, saw increases of over 25% in their stock prices in the first half of 2017. The article suggests current trends in the hospitality and travel industry, such as “lower fuel prices, higher consumer spending in developed countries, and burgeoning travel demand among Asian tourists" as possible factors....

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New Best Countries Rankings Added to globalEDGE Country InsightsOpen in a New Window

globalEDGE has added a Best Countries Index to our Country Indices pages. The index, compiled using data from the U.S. News and World Report, assigns a ranking and score to 80 separate countries, based on how global perceptions on a variety of attributes could potentially increase trade, travel, and investment in each country. The information also takes into account how these perceptions could potentially affect the national economy of each country. The factors considered are qualitative...

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globalEDGE Updated Industries SectionOpen in a New Window

The globalEDGE team is pleased to announce new updates to our industry insight pages. In the introduction sections, we have added detailed visual breakdowns for each industry and have revised Primary Demand Drivers and Profitability Drivers with the most current information available. The related blog posts displayed at the bottom of the page now include include pictures for more visually-appealing previews. The corporations sections now more prominently display our special...

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Renewable Energy Advancements Sparks Employment and Interest from InvestorsOpen in a New Window

Clean and renewable energy has continued to gain worldwide importance and is growing at a rapid rate in today's society. Globally, almost 10 million people were employed by the renewable energy sector in 2016 alone. According to reports from the International Renewable Energy Agency (IRENA), that is a 1.1% increase from the number employed in 2015. The report indicates that the main employers in renewable energy were the United States, China, India, Brazil, and Germany, with most jobs...

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European Union Imposes Record Fine on Multinational Technology CompanyOpen in a New Window

On June 27, antitrust officials from the European Union levied a fine of 2.42 billion euros ($2.7 billion) on Google, citing market interference and obstruction of competition. The ruling targets Google Shopping, the e-commerce service that displays related products for sale on top of results pages for search terms. Margrethe Vestager, Competition Commissioner for the EU, alleged that Google's promotion of its Shopping results provides an unfair advantage to...

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globalEDGE Insights by Economic ClassificationOpen in a New Window

Are you interested in learning more about market classification? globalEDGE’s Global Insights by Classification feature explores Emerging Markets, Frontier Markets, and Mature Markets. Each classification has its own page that includes a description of the market’s main characteristics, an interactive map of the countries in the market, and a table that provides insight to the market’s economic averages compared to least developed and most developed countries. The market...

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Struggling U.S. Retail Industry Provides Global E-Commerce OpportunityOpen in a New Window

The U.S. retail industry has been experiencing a changing landscape in recent years due to the closing of numerous big-name, brick-and-mortar stores throughout the country. Major apparel retailers such as Sears, Kmart, Macy’s, and J.C. Penney announced the closures of several stores this year while BCBG Max Azria, American Apparel, Payless Inc., and Gymboree have all filed for bankruptcy. Earlier, this month, a Credit Suisse report predicted that 20 to 25% of U.S. shopping malls will...

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Making Strides in the International Coffee IndustryOpen in a New Window

The Fifth International Women’s Coffee Alliance (IWCA) Convention will take place Thursday, August 3rd through Saturday, August 5th, in Puebla, Mexico, along with the Latin American Coffee Summit. The mission of IWCA, which has 21 chapters around the world, is to empower women in the coffee industry who “face additional challenges due to gender inequality that often manifests itself into being excluded from training, education, and financing opportunities.” IWCA...

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Global Internship ConferenceOpen in a New Window

globalEDGE is currently at the Global Internship Conference in Santiago, Chile! This year, all of the conference’s plenaries, sessions, and workshops are being presented in both English and Spanish. Some of the sessions being hosted at the conference include: Using Multimedia in Internship Courses Creating and Sustaining a Global Internship Partnership Refining the Internship for Academic Credit in Study Abroad Creating and Managing Effective Collaborations Developing Global...

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How the Trump Presidency Will Transform U.S. Trade PolicyOpen in a New Window

A new video published by Dr Jagdish N. Sheth from Emory University discusses the economic factors that caused many United States citizens to vote for Donald Trump in the 2016 presidential election. 25 years ago, world leaders decided to create the G7 and G8 agreements to liberalize trade as a growth engine. As a result, general tariffs were abolished, the World Trade Organization (WTO) was created, and trade increased across borders. NAFTA and the European Union were also...

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The Leading Nations and Sectors that are Shaping Global TradeOpen in a New Window

The scope of global business and international trade has seen optimistic improvements throughout recent years. Many analysts and companies are becoming increasingly confident regarding global trade and overseas opportunities. This confidence is due to global trade growth exceeding initial forecasts as well as the stabilization of China's economy and demand. These particular factors could be indicative of a year without a major economy falling into...

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2017 Sees a Shocking Increase in Avocado PricesOpen in a New Window

Due to unsuccessful harvests and rises in demand, avocado prices are predicted to double this summer. This delicious green fruit has grown in popularity over the past few years because of the nutrients and vitamins it contains, “making it a favorite for fitness gurus and the health conscious,” according to The Independent. However, due to high demand, prices have climbed significantly. On top of all this, avocados “are experiencing a ‘down’ year in...

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The Economic Effects of Qatar's Diplomatic CrisisOpen in a New Window

On June 5, the United Arab Emirates, Saudi Arabia, Egypt, Bahrain, Yemen, the Maldives, and Libya all cut diplomatic ties with Qatar, citing the country's alleged financial ties to extremist groups. Although Qatar has denied the allegations, more countries are following suit—Senegal and Mauritania likewise broke ties on June 7, and the Philippines, which has been dealing with extremist militants in Marawi City, has temporarily forbidden workers from...

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German Economy Surges to Record Highs in MarchOpen in a New Window

The country of Germany has been known as Europe’s economic powerhouse for quite some time, and recent reports regarding the country's projected economic growth seem to confirm it. According to official data from the National Statistical Office, Germany's gross domestic product (GDP) expanded by 0.6 percent during the first quarter of 2017. German economic institutes accredit this surge in economic growth to healthy domestic consumption as well as investments...

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The 2017 Forbes Global 2000 List Highlights Industry LeadersOpen in a New Window

Forbes released the 2017 rankings for the World’s Biggest Public Companies, or the Global 2000, on Wednesday, May 24. Company rankings are composite scores determined by weighing sales, profits, assets, and market value. The United States contributes the most companies to the list with 565 members. China and Hong Kong supply the second largest with 263 companies. According to Forbes, “the world’s biggest companies have gotten bigger, more profitable and more...

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An Economic Boost from an Unlikely SourceOpen in a New Window

Contrary to many people's beliefs, cannabis can be useful as a tool for battling depression, calming nausea from chemo treatments, and practicing spiritual customs. These are just a few of the reasons citizens have been speaking out to their governments worldwide about the legalization of medical marijuana. The United States has 28 states with legalization laws, with five states joining the ranks in just the past year. Legal sales of the drug went up by 34% in...

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