On April 2, United States President Donald Trump unveiled a 10% universal import duty on all goods entering the U.S., as well as sweeping new tariffs on a wide array of imported goods from 60 nations, branding the action “Liberation Day.”
globalEDGE Blog - By Author: Dipika Rao
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Pets have gone from companions to full-fledged family members, and the world’s wallets are proving it. From gourmet pet meals to high-tech grooming, spending on furry friends is skyrocketing and showing no signs of slowing down.
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Every year, as winter gives way to warmer weather, millions of students and families pack their bags for spring break getaways, triggering an economic ripple that extends far beyond beaches and resorts. What began as a seasonal tradition in the United States has evolved into a global economic driver, generating billions of dollars in tourism revenue and boosting businesses that rely heavily on seasonal spikes in demand.
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Greenland has emerged as a strategic battleground for natural resource exploration as global demand for critical minerals surges. Rich in rare earth elements, uranium, and other valuable minerals, the world's largest island has drawn the attention of governments and multinational corporations seeking to secure essential supply chains.
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United States President Donald Trump has introduced a 25% tariff on imports from Colombia. This follows Colombian President Gustavo Petro’s decision to reject two Colombia-bound U.S. military aircrafts carrying migrants.
The dual actions are expected to spark ripple effects in international supply chains, impacting business and economies across the globe.
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As the United States gears up for a pivotal election day, the showdown between Democratic candidate Kamala Harris and Republican candidate Donald Trump stands to reshape the global business landscape.
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Interested in learning more about international business? Test your knowledge with the recently updated globalEDGE International Business Knowledge Quiz.
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Last Wednesday, Chinese startup company Deep Blue Aerospace announced their plans to offer space tourism flights by 2027. The company is selling the first two suborbital tickets, which cost 1.5 million yuan or 211,000 USD, in a live streaming event featuring chairman Huo Liang today, Oct. 24.
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The looming arrival of Hurricane Milton has sparked significant concern in international business, with the Category 5 storm bearing down on a key industrial and export region in the Atlantic. As Milton accelerates towards the U.S. Gulf Coast and Central America, experts predict widespread disruptions in the global supply chain, manufacturing, and energy sectors.
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Venezuela’s 2024 crisis, sparked by a disputed election, has deepened the country’s economic collapse, affecting businesses worldwide. While political instability has been a recurring problem in Venezuela for years, the 2024 election—marked by allegations of fraud and unrest—has intensified the country's economic freefall.
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A wave of anti-tourism protests has hit Europe as residents in popular destinations push back against the overwhelming influx of visitors, with demonstrations flaring in the Netherlands, Greece, Italy, Portugal, and notably Spain.
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As the world’s fourth most popular sport, tennis stands as a striking symbol of widespread appeal, beckoning millions of enthusiasts to courts and tournaments year-round. Major, or “Grand Slam,” tournaments, in particular, reel in millions of viewers and fans across various regions of the globe.
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Over the past few decades, the global cultural landscape has undergone a seismic shift as new trends and entertainment forms emerged. South Korea, in particular, has become a powerhouse of integrating culture into Western media; the remarkable success of K-pop groups, the record-breaking rise of Netlflix’s “Squid Game,” and the widespread embrace of Korean cuisine, for example, reveal the country’s unparalleled impact on international business.
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In the intricate network of global economics- where markets are known to constantly fluctuate and industries can undergo change at the blink of an eye-, one figure has emerged at a highly influential level over the past couple years: Taylor Swift.
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As the globalEDGE team returns from our winter break, we would like to direct your attention to our most recently updated website pages.
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For millennia, the elusive beauty of the Northern Lights have captivated travelers worldwide, proving their magnetic draw. As more and more people flock to the northernmost parts of the world to try and catch a glimpse of the famous celestial light show, the international Northern Lights tourism industry has undergone a remarkable evolution, transitioning from niche interest to burgeoning global business.
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In an age of rapid consumerism and capitalism, there’s nothing more festive than participating in “Black Friday,” the annual shopping extravaganza of special markdowns and sales. Held November 24, the day after Thanksgiving, this dark weekday originated in the United States in the early 1960s, but has since transcended national borders to become a global phenomenon.
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The past couple years have been a whirlwind of growth, losses, unexpected trends and international successes, but some industries have come out further ahead of others. As we approach the end of 2023, here are some of the most profitable global business industries that are expected to continue their expansion.
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Bubble tea, also known as “boba” or “boba tea,” has been making waves around the world, transcending borders and significantly impacting global businesses and trade. With its unique blend of traditional tea flavors, brown sugar-sweetness, an occasional caffeine kick, and chewy tapioca pearls- its claim to fame-, bubble tea’s journey from small teahouse delicacy to international stardom is a testament to innovation, cultural exchange, and the beverage’s irresistible charm.
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Over the past two years, a remarkable economic phenomenon has unfolded on the global stage as two iconic pop sensations- Taylor Swift and Beyoncé- embarked on colossal tours that left an indelible mark on the world’s financial landscape.
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A recent surge in the popularity of obesity and weight loss drugs in the United States is reshaping Denmark’s pharmaceutical industry.
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Almond, coconut, oat, soy, pea, and hemp milk… in an age particularly reliant on Starbucks morning coffee and cycling health trends, the alternative dairy industry is taking the world by storm.
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This past Monday, the United States government gave the green light for the Willow Project, a controversial oil and gas development proposal in Alaska. The project, spearheaded by ConocoPhillips, aims to extract up to 600 million barrels of oil and 3.4 trillion cubic feet of natural gas from the National Petroleum Reserve-Alaska (NPR-A), a 23 million-acre area on the North Slope of Alaska.
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With the releases of movies and television shows such as “Return to Seoul,” “RRR,” “All Quiet on the Western Front,” and “Alice in Borderland,” 2022 has been an explosive year for the international film industry. In fact, foreign entertainment content has experienced significant growth as streaming service-giants like Netflix, Disney+, and Amazon Prime continue to expand their audiences and markets.