News from March 2022
Economists: COVID lockdowns may cause 'disruptions to China’s economy'
By Karla Florez | Mar 31, 2022
As Shanghai further enforces lockdowns in an attempt to slow down the latest COVID-19 outbreak, economists are raising concerns about a major disruption for China's economy.
Chinese banks raise concerns about the future economy, citing 'shrinking demand, disrupted supply and weakening expectations'
By Karla Florez | Mar 31, 2022
Five China-based banks have raised concerns about the future state of the Chinese economy, amid an agitated geopolitical sector and supply chain issues related to pandemic restrictions.
China implements Dual Circulation Strategy amid findings that ‘further integration into the global economy is not the reliable engine of growth that it once was’
By Karla Florez | Mar 30, 2022
Withholding one of the world’s most powerful markets, China continues its effort to develop more self-reliance on its economy by implementing a dual circulation strategy (DCS) in hopes of better insulating itself from the general global economic status, according to a recent China Power report. The plan, however, has also been deemed a contradiction as the country continues seeking investment opportunities in other markets, and relying on others to fulfill local demands.
Delays produced by COVID-19 related Chinese shutdowns pose ‘risk to the global economy’
By Karla Florez | Mar 30, 2022
Shanghai reinstated strict lockdowns across the city in response to the recent rise in Omicron variant cases, The Wall Street Journal reports.
Increased heat and drought stunt tropical trees, a major carbon sink
By University of Arizona | Mar 29, 2022
UArizona researchers were leaders in a worldwide effort to understand tropical trees and their futures under climate change.
IAA, Inc. CEO on marketplace alliances in El Salvador: 'We look forward to helping meet the needs of the growing buyer base in this strategic market'
By Karla Florez | Mar 29, 2022
IAA, Inc. has expanded its network of marketplace alliances in El Salvador through its newfound partnership with Trans-Auto SAde CV.
Popovic on new office, partnership: 'We’re ready to embark on large-scale outsourcing projects'
By Karla Florez | Mar 29, 2022
DataArt has expanded into Serbia with a new office and partnership with Belgrade-based international software development company, Software Nation.
Andersen Global chairman on new partnership: 'The Central African Republic offers excellent market opportunities'
By Karla Florez | Mar 29, 2022
Andersen Global has entered a partnership with Central African Republic-based agency, Rigo Parse Avocat as it continues pursuing markets across the globe.
Zero-COVID policy-enforced lockdowns in China considered a ‘risk to the global economy’
By Karla Florez | Mar 29, 2022
China continues abiding by the zero-COVID policy, confirming a growing number of lockdowns across the country in response to rising COVID-19 cases. The effort has raised concerns about the impact that could potentially be imposed on the global supply chain.
Procore Technologies senior director: 'Our launch in France gives us a unique opportunity to expand'
By Karla Florez | Mar 29, 2022
Procore Technologies, Inc. recently launched its operations in France in an effort to continue expanding its global footprint.
Imperial Dade 'excited to be entering the Canadian marketplace' with Veritiv Canada Inc. acquisition
By Karla Florez | Mar 28, 2022
Imperial Dade has secured a definitive agreement to acquire Veritiv Canada Inc.
PCI Pal helps Fridays UK add first-ever mobile-based card payment system to 'reduce administrative burdens on staff’
By Karla Florez | Mar 28, 2022
PCI Pal’s solution has been named the payment security solution of choice for European restaurant group Fridays UK, the company said in a recent release.
JPM: 'It would be unwise for us not to invest in China,' company says, as it withdraws from Russia
By Timothy Stuckey | Mar 28, 2022
J.P. Morgan Chase (JPM) recently joined an expanding group of firms withdrawing from Russia in response to their invasion of Ukraine.
Halliburton Company suspends operations in Russia as it prioritizes ‘ employee safety and compliance with all relevant sanctions’
By Karla Florez | Mar 28, 2022
Halliburton Company has joined hundreds of other businesses in its boycott against Russia, confirming plans to suspend future business in the country in compliance with transaction prohibition sanctions.
Spartan Acquisition Corp. III joins ‘extremely attractive market for EV charging’ with business deal in Europe
By Karla Florez | Mar 27, 2022
Spartan Acquisition Corp. III announced March 16 it has finalized a business combination agreement with pan-European electric vehicle charging network, Allego Holding B.V.
Meta eases hate speech policies, allows violent speech directed at Russian 'invaders' of Ukraine
By Karla Florez | Mar 27, 2022
Meta recently decided to ease its hate speech policies on its platforms.
Biden fails to lift tariffs on thousands of Chinese imports, may 'contribute to domestic inflation'
By T.H. Lawrence | Mar 26, 2022
U.S.-China Business Council disappointed in limited number of tariff exclusions granted.
SEC proposes climate report requirements to provide reliable information for 'informed investment decisions'
By Karla Florez | Mar 26, 2022
The United States Securities and Exchange Commission (SEC) presented a proposal March 21 that would require U.S companies to submit a climate report.
'We are issuing a spirit-of-the-policy allowance': Meta updates Hate Speech policy to allow calls for deaths of Russian soldiers
By David Beasley | Mar 25, 2022
Meta, the company formerly known as Facebook, is allowing hate speech against Russians on its platforms as Russia continues to attack Ukraine, Reuters reported.
Researchers discover new tools in regular blood samples for developing precision therapies for lymphoma
By University of Helsinki | Mar 25, 2022
Tumour DNA circulating in the bloodstream of patients with aggressive lymphoma has a previously unknown and even crucial role in the identification of effective therapies for this serious disease.