XRP has risen to become the third-largest cryptocurrency behind Bitcoin and Ethereum, which has helped contribute to a turning point in digital assets. Ripple is the company behind XRP, and the success of this crypto comes from its research into a creative strategy for revolutionizing international payments processing. The blockchain-based payment network RippleNet has positioned XRP as a pillar of global banking and collaborated with top institutions throughout the globe.
globalEDGE Blog
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The British Columbia Maritime Employers Association has locked out more than 700 supervisors at ports throughout British Columbia. At the same time, a strike at the Port of Montreal, the biggest port in eastern Canada, continues to cause problems. The strike has already led to partial closures, affecting 40% of the port’s container traffic. Shipping delays could quickly add up, potentially disrupting important international shipments and creating significant economic challenges for global businesses and consumers.
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The whisky industry, long dominated by traditional producers in Scotland, Ireland, and the United States, is experiencing a shift in international markets. Recent developments highlight international challenges and opportunities for whisky producers, highlighting the changing dynamics of international trade and shifting consumer tastes.
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Japan is at an essential moment in its history. After three decades of slow economic growth, the country has a chance to rebuild its economy through startups and technology innovation. With a rising interest in Japanese startups from local and foreign investors and efforts by the government to support entrepreneurship, Japan can turn the corner. However, there are still many challenges the startups need to overcome.
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Over half the global population in 2024 will have voted in some sort of election in what has been described as the “mother year” for elections. The United Kingdom, Botswana, India, North Macedonia, Poland, Argentina, and, recently, the United States have entered election season with one central theme becoming apaprent: incumbent politicians have been losing at an unprecedented rate in global history.
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With the holiday season coming up, shoppers all over the United States are preparing for Thanksgiving weekend. Unlike the general perception of a sizeable majority of the American public, Black Friday and Cyber Monday are nowhere near the biggest shopping events in the world. That title is reserved for Singles’ Day, the biggest shopping festival in China.
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International Trade is the backbone of all of the largest economies in the world. China, the world’s largest exporter of goods, has completed the construction of a new port that will open a new trade highway in the Pacific Ocean.
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Streaming platforms are on their way to dominating the global music industry. There hasn’t been a significant shift in how listeners consume music since the evolution of the mp3 audio files in the mid-90s.
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As we continue to witness and experience various shifts in the economy, many factors come into play that lead to global problems. These include climate change, natural disasters and country debt. However, Ireland is facing a rather unusual problem; they have more money than expected this year.
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Companies and investors in the United States and the United Kingdom have been implementing strategic changes due to the recent earnings season. Many are trying to take advantage of new post-election laws that affect trade, taxation, and investment incentives.