News from July 2021
Commerce Department bureau: Nation's monthly international trade deficit hit $71.2 billion in May
By David Hutton | Jul 9, 2021
Over the last several years the trade pendulum has continued to swing toward a deeper deficit for the United States, and that trend continued in May, according to data released by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA).
Bureau of Economic Analysis: Foreign investment in U.S. drops $45.4% in 2020, COVID-19 pandemic plays a role
By Ian Leigh | Jul 8, 2021
The U.S. Bureau of Economic Analysis (BEA) reported that foreign investment in the U.S. dropped 45.4% in 2020 compared to 2019, with COVID-19 playing a role.
Functional food market expected to grow to $268 billion worldwide by 2027, says Allied Market Research
By Andy Nghiem | Jul 8, 2021
The functional food market is projected to grow significantly within the next six years, driven by global consumer demand for more nutritious food, a market research group predicts.
BEA notes GDP increases, projects further growth despite 'upward revision to imports'
By Karla Florez | Jul 8, 2021
The U.S. Bureau of Economic Analysis (BEA) reported an increase of 6.4% in the real gross domestic products annual rate for the first quarter of 2021 in its third estimate.
ANZ offers $250k in grants through Seeds of Renewal program
By Globe Banner | Jul 8, 2021
Applications are now open for the ANZ Seeds of Renewal program, offering grants of up to $15,000 for not-for-profit organizations in remote, rural, and regional areas.
Crackdown on political dissidents 'is putting the Chinese playbook on the Hong Kong situation'
By Andy Nghiem | Jul 7, 2021
Rapidly increasing global media speculation suggests that Beijing's oppressive national security law is not only negatively affecting Hong Kong residents, it is straining Hong Kong's relationships with countries around the world.
Australians see signs of recovery in financial wellbeing post-pandemic
By Globe Banner | Jul 7, 2021
New research indicates signs of recovery in the financial wellbeing of Australians since the onset of the COVID-19 pandemic.
Global health advocate: 13 fashion brands ‘still using sweatshops’
By Tamara Browning | Jul 2, 2021
Aeropostale, a U.S. retailer of casual apparel and accessories, is among 13 fashion brands that violate labor laws in the use of “sweatshops,” according to a global health and environmental advocate.
'We're delighted': Sparo expands operations to Europe, opens new Netherlands headquarters
By Andy Nghiem | Jul 2, 2021
U.S.-based company Sparo recently expanded its operations to Europe and opened a new headquarters office at the WorldStartup's Altitude program located in The Hague, Netherlands, according to a press release.
Groups say China’s U.S. investment is rebounding from COVID-19
By David Hutton | Jul 2, 2021
As U.S. companies continue to seek outside sources of investment, they continue to find a steady of stream of capital from China.
Caribbean region sees 'uptick in purchases' in real estate since the pandemic
By Andy Nghiem | Jul 2, 2021
The housing market in the Caribbean islands region is heating up as interest surges from investors and homebuyers looking to buy real estate in tropical climates.
'Strengthening our presence in Asia,' luxury reseller Marque opens Ho Chi Minh City location
By Valerie Bonk | Jul 2, 2021
Marque Luxury, a wholesale provider of certified pre-owned goods, recently announced the official opening of its Ho Chi Minh City location.
Major League Baseball appears eager to do business in China
By T.H. Lawrence | Jul 2, 2021
Baseball is in a pickle. Not the kind on the base paths, with a runner trying to dodge a tag, but with the game itself is facing a mounting problem with declining attendance, a continued sharp drop in national TV ratings and an aging and non-diverse fan base.
ANZ partners with Cashrewards for exclusive customer cashback program
By Globe Banner | Jul 2, 2021
ANZ has announced a partnership with Cashrewards, an ASX-listed company, allowing 4.7 million ANZ customers to earn cashback payments from over 1,700 retailers.
GLG names Adaikalavan as new head of Asia-Pacific region
By Bree Gonzales | Jul 1, 2021
Ramakrishnan Adaikalavan recently joined Gerson Lehrman Group as Head of Asia-Pacific.