Retirement savings are a looming concern that millions of people across the world are facing daily. Amid economic turbulence, shifting demographics, and an evolving employment landscape, a growing number of people find themselves falling short when it comes to preparing for their golden years. For many, the biggest question about retirement is not how they will spend their free time, but rather if they’ll be able to retire.
globalEDGE Blog - Page 5
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With climate change exacerbating inclement weather and environmental norms across the globe, experts predict an increase of as much as 7 degrees Fahrenheit in global temperatures by the end of the century. To help quell the rapidly rising temperatures, initiatives are pouring millions of dollars into new geoengineering projects worldwide.
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Boeing is currently facing a plethora of potential business losses, with their CEO Dave Calhoun announcing he will step down at the end of 2024. This is following continued questions and concerns about the manufacturing process after a multitude of malfunctions with Boeing products have occurred in the past couple of months.
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The impact of the container ship Dali’s collision with the Francis Scott Key Bridge in Baltimore is being felt well beyond the borders of the United States. This sad event, which resulted in the permanent suspension of maritime commerce at the Port of Baltimore, casts a shadow over international supply lines and economies that cut across national boundaries and sectors.
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Pfizer, a major pharmaceutical company, recently witnessed a substantial fall in its third-quarter sales. The primary reason was a drop in COVID-19 vaccine sales, as well as other related products, resulting in a massive loss of $2.4 billion. Compared to previous years, when the company enjoyed a large profit of $8.6 billion, this fall is substantial. Even though the company foresaw these obstacles and amended their plans, sales toppled by a staggering 42%; yet, Pfizer isn't losing hope. They are looking towards their long-term projects, and count on their resources to pull through in sustainable ways.
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Our planet faces a pressing environmental crisis. From overflowing landfills to plastic pollution in our oceans, unsustainable waste management practices threaten our ecosystems’ health and well-being. The good news? Many countries and companies are rising to the challenge, implementing innovative solutions, and inspiring a global shift toward a greener future.
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Major African cocoa plants in Ivory Coast and Ghana have reduced processing chocolate due to inability to purchase beans. These two countries together contribute nearly 60% of the world's cocoa production. Rising temperatures and weather conditions have stressed and damaged these crops in West Africa, and this halt is anticipated to lead to a surge in chocolate prices globally. Following three years of little cocoa harvests- and another three anticipated- chocolate manufacturers have already raised prices for consumers, with chocolate prices doubling over the last year and rising to all-time highs.
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While cultural intelligence has been a notable skill in today’s diverse business world, emotional intelligence is a new buzzword, making its mark. Emotional intelligence is about understanding and managing our emotions and those of others. This shift has occurred, as emotional intelligence is more crucial in the business world than ever, especially with the rise of artificial intelligence.
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One of the most divisive debates of 2024 is whether or not the United States government should ban TikTok in the United States. The ban offers ByteDance, the creator of the app TikTok, the option of selling to an American company or being removed from US consumption within six months of the ban taking place. On March 13, 2024, the House of Representatives passed the TikTok ban bill. It is set to head to the Senate, where the outcome is unclear. Considering this possibility, let’s look at TikTok’s financial impact in the United States and its correlation to other nations using the social media platform.