This strain is forcing high energy costs on European companies which in turn will inevitably affect imports from Europe and the companies buying them as prices soar to accommodate energy costs. What could this mean for business owners enmeshed in globalization? Well, if you’re importing from Europe or doing business with anyone in the EU, expect higher trade prices as European companies are attempting to offset the cost of rising energy, especially if Russia puts embargos on their oil.
Read MoreIf your contracts and policy manuals have not been updated, move it to the top right along with your fiscal year planning. If you are one of those companies where planning was done last year or years before for this new decade, congratulations, we are trying to keep up with you, but if you have not yet put those goals and ideas down on paper and discussed them with your department heads (which could be you and all your many hats) then let's get the ball moving.
Read MoreThe U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.
His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.
Read MoreThe impeachment process for Donald J. Trump began on September 24th of 2019. Today - January 23rd - we’re just getting into the Trial portion of impeachment. Among the discoveries in American households when impeachment began was that it doesn’t *actually* mean an automatic unseating of the president. In-fact, in the other rare circumstances of Presidential impeachment, the President has been acquitted.
Read MoreThe main contributor to the Chinese GDP is manufacturing. “Made in China” used to mean “low-cost labor stuff.” China has now transformed itself and although fewer products may be made in China, they are still within the region and Chinese products will be slightly more expensive.
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