To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs have a long history dating back to a previous period of trade conflict, created during the Great Depression by Congress to encourage international trade and…
The urban skyline and cityscape in Shanghai China. Lu Shaoji | Moment | Getty Images BEIJING — From coffee to cars to real estate, there’s a recurring pattern in China: companies rush into an industry, then resort to discounts to stay afloat. That has economists worried. Natixis’ study of 2,500 listed Chinese companies reinforce how…
Conflicts in the Middle East and North Africa in the last two years reportedly killed, maimed, or displaced over 12 million children across the region, according to the UN Children’s Fund (UNICEF). Alarmingly, 110 million children in the region live in countries affected by war, with homes, schools and health facilities damaged or destroyed in…
Addis Ababa, — Leaders of some of the world’s biggest economic powers have gathered in the Canadian Rockies for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran as well as U.S. President Donald Trump’s unresolved trade war. Israel’s strikes on Iran and Tehran’s retaliation, which appeared to catch many…
