Items tagged with globalization:
News & Updates:
Trump negotiates trade deal with South Korea ahead of nuclear talks; GDP in 4th quarter increased from 2.5% to 2.9%, with consumer spending rising at fastest pace in three years; Corporate profits expected to be the highest in seven years.
Dodd-Frank rollback stalls in House; President Trump secures trade deal with South Korea; China pledges open markets to avert US trade war.
Over the past weeks, China has pursued economic reforms which could have far-reaching repercussions on other major Asian economies and enterprises.
The policy shift is expected to reinforce Chinese firms’ attempts to move up the value chain, seriously threatening other advanced economies like Korea and its manufacturing and tech firms.
“This is a major challenge. China is imitating both Japan and Korea by moving to higher value-added products and technologies,” says Faculty Affiliate Mauro Guillen.
Caffeine has been heralded as the world’s most popular drug. However, as more people want their coffees to go, the industry has failed to confront the waste from single-use cups. In the last two decades, the United Kingdom has seen a 400% increase in the number of coffee shops. The sheer volume of waste affects both the environment and the country’s waste management infrastructure   . In the UK alone, people throw away 2.5 billion disposable coffee cups a year  . The scope of this problem is magnified by the difficulty of recycling wax-lined paper (the most common material for coffee cups), with only 0.25% of these cups being reprocessed  . In order to combat the growing practical and environmental effects of throwing away single-use cups, UK lawmakers have stepped in, and are considering instituting a “latte levy,” a new tax to influence on-the-go coffee drinkers.
Senate prepares for vote to end U.S. military operations in Yemen on Tuesday; In NAFTA Talks, Trump administration attempts to limit junk food warning labels; U.S. 2-year Treasury note yield reaches 2008 high as Federal Open Market Committee (FOMC) meeting begins.