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Japan’s Prime Minister, Shinzo Abe, is set to visit the U.S. this week and aims to pitch Japan’s bullet-train system to state representatives in California. Currently, Japanese companies are competing to join three fast-train projects that are under consideration in the United States. The three individual projects would link Los Angeles to San Francisco, New York to Washington, and Dallas to Houston. Abe is hoping to attract an export market for Japan’s advanced bullet-train system in order to help jumpstart the nation’s economy. As of now, he sees the United States as a viable export market for the revolutionary train system.

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Following international sanctions over the Ukraine crisis and a steep drop in oil prices, Russia’s economy has been suffering from the effects of an economic downturn in recent months. One of the major industries affected by the economic crisis has been the Russian tourism industry, which has seen an estimated 35% decline in visitors since the beginning of 2014. Spending by Russian tourists has also declined as the financial crisis has deepened, resulting in a 44% drop in spending during December and a 51% decline in January. The loss of tourists has hurt all facets of the industry, and has forced many businesses to take cost cutting measures.

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In this day and age, the internet is an integral part of everyday life. Many people are dependent on the internet for both their social and work lives. Put simply, many people could not live without the internet. This being said, over 60% of the world’s population (roughly 4 billion people) do not access the internet in any way, shape, or form on a regular basis. The leading technology companies (Google, Facebook, etc.) recognize that bringing these 4 billion people “out of the dark” would not only provide immeasurable social benefits, but would also present billions of dollars in untapped revenue for these companies.

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Information Communications Technology (ICT) spending in Australia is forecasted to grow to $49,452.6 million by 2016, according to new research from International Data Corporation. While the market is growing exponentially, Australia is currently facing a shortage of skilled workers in its ICT sector. As I dug deeper into the labor force issue, I found that the future outlook for the Australian ICT industry does not seem as positive as the growth forecast indicates.

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The thriftily lending of Spain’s commercial and investment banks to those who borrowed excessive capital from international markets to lend to developers at rates they could not repay caused the Spanish economy to tumble in 2011. Basel III, a voluntary framework on bank capital adequacy, stress testing, and market liquidity risk, seemed to be the regulatory answer by the financial services industry. It was adopted by all of Spain’s largest lenders and local governments. Their main mission: stabilize the credit markets enough for foreign direct investment (FDI) into the Spanish economy.

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It has been big news in the world economy that The Association of Southeast Asian Nations (ASEAN) is trying to implement a single economic community called the ASEAN Economic Community (AEC). What does this mean for ASEAN and the entire world economy? The AEC is expected to lead to a single market and production base, a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy.

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Since last year, prices of oil have decreased by over fifty percent and have festered at some of their lowest rates in many years. This has occurred due to several factors, including decreasing global demand for oil and an increasing supply. Lately, however, demand for crude oil is on the rise and overall output has been growing in major oil-producing nations such as Saudi Arabia, Iraq, and Libya. It is yet to be seen if these events will continue as an industry trend for this year, but a potential change in oil prices could certainly occur.

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Since early 2014, the U.S. Central Bank has been in the process of easing the economy into a rising interest rates program. In an effort to contract the economy while it’s still recovering, the main goal of this initiative is to gently maneuver the United States into a more stable fiscal state, and out of the transitional zone it is currently in. The Federal Funds Rate (FFR) has been flat at a historic rock bottom 0.25% for about six years now, following the financial crisis of 2008. Economic analysts and investors alike are dubious about the unprecedented situation in which the Fed will try to raise rates from such a low point, partially playing it by ear.

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Greece needs to follow European rules if it wants aid from the Eurozone during its financial crisis. The country owes other Eurozone governments around $212 billion. Germany is owed the most money, totaling over sixty million euros, followed by France and Italy. However, Slovenia may be the most impacted country by the Greek debt crisis.  Bloomberg determined that Greece owes Slovenia over 3% of its total GDP. Greece is on the bubble of a potential exit from the European Union, and a potential default on its debt.

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As of late, the value of the dollar has appreciated compared to other currencies, and one currency that the effects are evident in is the euro. The fall of the euro has been increased due to the willingness of investors to move their assets out of the Eurozone, and into “safe havens” like the U.S., Denmark, and Switzerland.  The difference between the European and American monetary policies has been a catalyst for investors reallocating their portfolios, looking for bigger gains. A major difference playing a role is that euro will be further pushed down against the dollar, as the European Central Bank is holding interest rates, while the U.S. Fed Reserve is looking to raise the rates.

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Compared to figures taken in 2014, the Eurozone’s trade surplus was much wider this January.  According to the EU statistics agency, on March 18, the 19 countries that use the euro had a surplus in their trade with goods with the rest of the world of 7.9 billion euros, or $8.38 billion, which is up 100 euros from January 2014. This widening gap was said to be due to a 6% decline in imports, which likely reflects the drop in oil prices. During this time, experts noted that overall exports increased, but at a very slow rate.

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Imagine a scenario where a market is losing value (deflation), which in turn scares away investors and greatly reduces cash flow in the active market. This stems growth, as more people lose confidence in a downward spiraling market. This is a scenario that the European Central Bank (ECB) would like to avoid, as the Eurozone is currently experiencing -0.1% deflation. Perhaps the ECB’s most important response has been through quantitative easing, which has had a substantial impact on the Eurozone's economy.

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The global travel industry is a major player in the global economy, accounting for 9.5% of the world’s GDP and employing 266 million people. Many consumers also deal with the industry on a regular basis, whether traveling on business trips or for vacations. With the large size of the industry and the constant demand, the travel industry is highly competitive and constantly evolving. Recently, this competition has led to consolidation in many sectors of the industry, such as the hotel, airline, car rental, and online travel sectors. Many of the biggest companies in these sectors are buying out their smaller competitors, seeing economies of scale as a strategy to maintain their leadership role in the industry.

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What exactly is the Eurozone? It is easy to confuse the Eurozone and the European Union, but hopefully this blog post will sort out some of the discrepancies. Simply stated, the Eurozone, also called the euro area, is made up of 19 European countries that all use the euro as their currency. The European Central Bank is in charge of monetary issues for all 28 members of the European Union; however, it also plays a major role in leading the cooperation between the central banks of the Eurozone member countries. The euro has a strong international presence and plays a major role in the global financial and monetary markets.

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In the wake of the drastic decline in oil prices since last July, and with the current crude oil prices about half of the 2014 peak, Royal Dutch Shell PLC announced Wednesday that it would buy fellow Oil and Gas Company, BG Group, in a deal amounting to approximately $70 billion. Assuming the deal is completed, this would be the largest energy merger since Exxon and Mobil in 1998, and would create the world’s largest independent producer of liquefied natural gas. The merger comes as an effort to create cost synergies, or eliminate overlapping costs, in order to offset the effect of low oil prices.

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Multilingualism can be an incredible asset for companies that conduct business internationally, helping to bridge the cultural gap when conducting business in foreign countries. As emerging market economies grow and open new markets for businesses, an understanding of the local language can give companies a leg up over their competitors, possibly giving them the advantage needed to be successful in the market. In an article in Entrepreneur, author Ofer Shoshan lists six languages that he believes would be most helpful for English-speaking CEOs to learn in today’s globalized world, as he emphasizes the importance that multilingualism can play in business situations.

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As the global crude oil price has fallen by more than 50% in recent months, Nigeria, a country that relies heavily on exporting oil and gas, has seen its currency fall accordingly and is now exploring opportunities in the technology industry. Recently, a tech boom has swept across Africa and more than 75% of venture investments in Africa have gone into the technology sector. Economists believe that technology will be the future of the African economy.

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With changing political office, comes changing economic policy. At least, that is what millions of Nigerians are hoping for from newly elected President Muhammadu Buhari. The Nigerian capital market responded positively to the change in leadership, gaining 8.30%, its single biggest daily gain all year. High optimism for the new leader to follow through on his promise to reshape the national economy is sorely needed at this point.

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Globalization can be defined as the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade, investment, and information technology. It is not a new concept, and has been present for thousands of years, as people and corporations have been buying and selling goods and services, along with exchanging ideas across long distances.

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Now that the cutoff date to sign up for the Asian Infrastructure Investment Bank (AIIB) has come, there is a lot of talk about why some countries chose not to participate and also what the AIIB has to offer to its members and the world. The last two countries to seize the membership opportunities were Taiwan and Norway, just days before the deadline. The plans for the AIIB are to help finance construction of roads, ports, railways, and other infrastructure projects throughout Asia.

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In 2014, 75 ships were lost at sea around the world, which is the lowest number in the last ten years. According to insurer Allianz Global Corporate and Specialty, sinking and submerging was the most common cause of ship loss, with 49 of the 75 losses resulting from this. Despite a downward trend in ships lost per year over the last decade, it is feared that the increasing size of container ships will make losses much more costly.