The recent Takata airbag recall is the largest in history with over sixty million recalls. This recall affects numerous car companies, including Toyota, Tesla, BMW, Ford, and Honda, among others. Cars manufactured within the last fifteen years are at risk, therefore, approximately . With demand for new airbags skyrocketing and supply devastatingly low, drivers are left wondering what to do next.
globalEDGE Blog - Page 124
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We have already discussed some of the potential negative effects of , specifically on employment throughout the entire EU. The possible adverse consequences were highlighted again by the U.S. Federal Reserve chairwoman Janet Yellen and the Organization for Economic Co-operation and Development (OECD).
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Have you visited the recently? The Business Beat, hosted by Tomas Hult, is a great way learn about current topics related to international business and covers a wide variety of interesting topics. The latest topics include globalization in the Greater Lansing area, infrastructure development, Vector Marketing, and entrepreneurship. Check out the page today!
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On Wednesday, June 1, 2016, Uber gained $3.5 billion from , the largest cash infusion ever made in a private company. Venture capital investing has been growing in the Middle East where countries such as Turkey, Egypt and Saudi Arabia are turning to transportation companies, .
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Wildfires in have halted oil production, causing oil to drop for the , making this the longest stretch of declining oil in over a month. were halted due to the continuous wildfires over the course of May. has taken many shifts in directions, which has caused these fires to be more difficult to contain. However, stated on May 20th that conditions were improving and mandatory evacuations orders for seven oil-sands worker camps have been lifted, and operations are underway again.
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It has been in the news a lot, many countries trying to increase bilateral trade, but it seems that is one country taking the initiative to a higher level. Russia has a goal of increasing its bilateral trade with , , and .
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Three years ago, popular global brands such as H&M, Walmart, and Gap pledged to improve safety conditions in factories overseas following a multitude of deaths due to poor labor conditions. Despite the time frame, many human rights groups believe that these promises have not been kept, and more progress is needed. Safety in working environments in Bangladesh remains poor, while .
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On May 26, . Throughout the weekend, the currency continued its dramatic trajectory, spiking at $570 before settling around $530. This amounts to a sudden increase of 21% in the midst of a consistent, if low, period for the currency. While these values are far below bitcoin's one-time peak of $1,151, they are the highest prices the digital currency has reached since 2014. That same year marked a heavy blow for the bitcoin, bottoming it out at low rates that remained in force over the past year. Now, investors are indicating promise in the currency once again: Over the weekend, daily global transactions equated to $134,056,000, with over 15 million bitcoins in supply.
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Commerce Ministry is on imports of corrosion-resistant steel. The U.S. Commerce Department announced , up from 256%, on flat-rolled steel. The steel in question is to extend its useful life.
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Although the largely aided by truck drivers. These truck drivers are responsible for crossing battlefields and checkpoints to deliver consumer goods, such as food, cars, and oil.