The shale-gas industry is flourishing in the and . Because of the “U.S. shale-gas revolution”, crude oil exports from , , and to the United States have fallen by over 40%. Thus far, this has led to a decrease in overall crude oil exports from these three countries; however, the increase in supply of sweet crude oil has led existing buyers to increase their purchases and allowed new buyers to enter the market.
globalEDGE Blog - Page 201
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One of the major events taking place right now in the Western Hemisphere is the death of Venezuelan President Hugo Chávez and the subsequent transition to a new leader. The leader died March 5th due to complications from cancer that he had been battling the past few years. His death left behind a bitterly divided nation on the brink of a political crisis, with doubts of the economic future of his socialist revolution.
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What seemed unthinkable just a half decade ago is now reality. The . Crude output in the U.S. has hit a 20 year high and has produced the most fuel in the world for the first time since 2002. The is producing 11.65 million barrels of liquid fuel a day (which ) surpassing the output of 11.25 million barrels a day.
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, the financial center in Europe, has always been an attractive investment place. Because large amount of foreign buyers rushed into London’s real-estate industry, it has produced highest profits in the United Kingdom since 2011. It seems like British home sellers are never satisfied by the status quo as they raised asking prices to their highest levels in five years this month. However, the increasing price on the real-estate property did not stop foreigners from buying British homes. Instead, they invested more since they foresaw the huge potential of growing profits in the British real-estate industry.
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Germany’s economy holds a critical significance in the European Union, especially in regards to the ongoing debt crisis. Its industrialized economy has held steady despite a slump in the global economy. It might be surprising to hear that , one of the most industrialized countries in the world, is undertaking an energy revolution that will dramatically transform its economy’s energy sector. The newly re-engineered economy will no longer receive its energy from nuclear powered stations as all nuclear power plants in Germany are being closed down. Renewable energy sources, including wind and solar power, will instead fill Germany’s energy gap. Will this move jeopardize Germany’s economy and how does this energy revolution affect Germany’s relationship with other countries?
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After last year’s scare in China with the manufacturing industry taking a step backwards with a year of contraction, it has rebounded and returned to positive growth for four straight months. However, February was China’s since November after posting record growth in January. February’s growth was 50.4, while in January it was 52.3. On the scale, readings above 50 indicate expansion, while below 50 indicates contraction.
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As the U.S. has just released that its GDP has grown only and that trend of low growth is persistent in every economic headline for seemingly every country, the question of whether this is a temporary phenomenon or the new reality is very relevant. Personally, I am of the opinion that this zero growth environment may be unavoidable.
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Have you been exposed to a company advertisement or website that translated their message word-for-word and missed the mark, instead of focusing on the marketing translation? Google Translate does this for many websites because many companies do not have a specific website for a particular language. This is a huge problem as businesses try to enter new foreign markets. Their messages do not communicate the correct message because language is not based purely on word translation; it also involves cultural meaning, context, style, and connotation. Localization and a global marketing strategy are becoming key drivers for companies as expands. Getting your message across in a word-for-word translation is the wrong approach, but can be the solution.
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How do you know if a currency is overvalued or undervalued? Well, there are currently many measures that contribute to determining the . One common measure is evaluating (PPP) and another is determining whether or not a country’s trade deficit or surplus is representative of the country’s fundamental economic attributes. Although these factors can together accurately determine a currency’s fair value, a universal method is still lacking.
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Here at Michigan State University, basketball is not simply a sport; it has its own culture. Spartan basketball is a way of life. If you disagree, you need only watch the Izzone student section for a few minutes to understand the passion for MSU basketball. This season, though, has been somewhat different for the stars of the basketball team.
The team got a facelift in when they were given new software for free that enables head coach Izzo to almost instantly send recaps of plays with a detailed analysis to the players on any one of their devices. This sort of coaching technology has skyrocketed recently and is starting to make its debut in foreign countries.