Latest News
Cryptos slide as China announces new wave of crackdowns
By Caleb Lombardo | Oct 11, 2021
The price of Bitcoin and Ether recently tumbled as much as 5% after the People's Bank of China declared that all crypto-related activities are prohibited. This includes all services that offer trading, derivatives, or order matching for virtual currencies.
IMF: 'Climate change poses an existential threat' to Asian countries
By Bree Gonzales | Oct 11, 2021
The International Monetary Fund hosted a virtual conference to discuss Asian countries’ challenges in implementing climate-friendly policies.
International Air Transport Association says 'the path to recovery is coming into view'
By James Niedzinski | Oct 10, 2021
An industry trade group anticipates the global airline market will lose about $12 billion next year, or down 78% compared to 2021 profits, as it recovers from the COVID-19 pandemic.
Musk: Tesla will expand ‘investment' in China’
By Kasey Schefflin-Emrich | Oct 9, 2021
Elon Musk revealed that Tesla plans to increase its presence in China.
Trade official Tai plans to enforce trade agreement with China 'to defend the interests of America'
By Trina Thomas | Oct 9, 2021
U.S. Trade Representative Ambassador Katherine Tai recently outlined how the Biden administration will handle China trade strategy during a speech to the Center for Strategic and International Studies.
'This is an incredibly exciting time for WatchBox;' company on track to surpass $300 million in revenue for 2021
By Andy Nghiem | Oct 9, 2021
WatchBox recently announced that it will reach $300 million in net revenue for 2021
WTO forecasts rise in global trade
By Art Benavidez | Oct 8, 2021
Worldwide trade has recovered faster than anticipated in 2021 with the World Trade Organization (WTO) forecasting global trade to rise 10.8% in 2021, a 2.8% increase from the 8% forecast in March of this year and 4.7% growth by 2022.
Social media platform Fanbase goes global
By David Beasley | Oct 8, 2021
Atlanta-based Fanbase has gone global.
'We are delighted': Coco Republic expands with STORY3 partnership
By Glenn Minnis | Oct 7, 2021
Australia home furnishings giant Coco Republic has partnered with Los Angeles based STORY3 Capital Partners in a venture designed to jumpstart the company’s domestic and international expansion plans.
Sticking to the plan: OPEC and allies increase production gradually despite rising prices
By David Beasley | Oct 6, 2021
The Organization of the Petroleum Exporting Countries, Russia and their allies, a group known as OPEC+ , stuck to its plan Monday of gradually increasing oil production.
BEA: August goods and services deficit up from July's numbers
By Press Release | Oct 6, 2021
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Oct. 5 that the goods and services deficit was $73.3 billion in August, up $2.9 billion from $70.3 billion in July, revised.
BEA News: U.S. International Trade in Goods and Services, August 2021
By 'Bureau of Economic Analysis' via News GlobeBanner | Oct 5, 2021
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services trade deficit was $73.3 billion in August, up $2.9 billion from $70.3 billion in July, revised.
Adient ends joint venture transactions, allowing the company to 'drive strategy independently in China'
By Emily Bevard | Oct 5, 2021
Adient has closed transactions, ending a joint venture with partner Yanfeng Automotive Trim Systems (YF), according to a Sept. 30 press release.
‘We need to move forward’: 500,000 containers stuck at LA port
By Emily Bevard | Oct 4, 2021
With an estimated 500,000 containers on cargo ships at the Los Angeles and Long Beach ports, CBS LA reports they need to speed up wait times and have help ready to offload the ships.
Farming initiatives in California could increase US coffee production
By Emily Bevard | Oct 4, 2021
With the U.S being the biggest coffee buyer in the world, USA Today reports a farming initiative brewing in California could increase U.S. production of coffee.
Texas-based supply chain company Overhaul plans expansion to Europe, Latin America
By David Beasley | Oct 4, 2021
A Texas-based supply chain company, Overhaul, is expanding to Europe and Latin America.
Staffing company GoGlobal expands to Brazil, names Vizzotto director
By David Beasley | Oct 2, 2021
GoGlobal, a California-based staffing company, is expanding into Brazil.
Impossible Foods expands to Middle East
By David Beasley | Oct 2, 2021
Impossible Foods has expanded into the Middle East, selling its products in the United Arab Emirates.
U.S., Ukraine sign memorandum of understanding over trade
By Trina Thomas | Sep 30, 2021
U.S. Secretary of Commerce Gina Raimondo earlier this month signed a memorandum of understanding (MOU) outlining areas of renewed cooperation on trade with Ukrainian First Deputy Prime Minister and Minister of Economy Oleksiy Lyubchenko.
'We're always exploring where we can drive greater impact:' McDonalds to end plastic in Happy Meals
By Valerie Bonk | Sep 30, 2021
McDonald's is working on eliminating the plastic toys in its Happy Meals while keeping the fun.