globalEDGE Blog - Page 32

The COVID-19 virus has been ravaging countries as many have recently failed to reach the World Health Organization’s goals for vaccination percentages, whether for lack of access, lack of easy spread of information, or the spread of misinformation surrounding vaccinations. There have been spikes regarding the Delta variant in the United States, Mexico, Russia, Australia, and some parts of Europe and Africa. However, throughout all of this chaos, there is new hope surrounding a new antiviral pill that could be a strong contender for treating COVID-19 without the use of injections.

As of a few weeks ago, President Biden released a submarine security deal between United Kingdom and Australia to undermine China's rapidly growing navy in the South China Sea. This exchange between the United States and UK was deemed monumental as this deal meant both countries would combine information on classified nuclear technology in order to combat China's militarization of the Asia-Pacific area. Signing this business deal was expected to produce many positives such as reinforcing allies and having a major pushback on China's military, but in return, it excluded one of the United States' longest allies; France. Within this break of trust, the United States' diplomatic ties with the French were strained.

Climate change has been a popular topic across all headlines for a decade. There have been large media headlines surrounding climate change and the dramatic changes that need to take place in order for us to halt the rapid changes our earth is undergoing. One of the most popular media stories surrounding climate change has been Greta Thunberg, a teenage climate activist from Sweden. This past week she gave a speech and critiques all world leaders on being “blah blah blah” on the action they have failed to take on climate change.

It’s no surprise that the effort to get the global economy back to its pre-pandemic efficacy would be quite challenging. The biggest current hurdle to that goal is what some are calling a global energy crisis. The supply of fossil fuels is struggling to catch up with recovering demand, causing energy prices to soar around the world, especially in the Northern Hemisphere as countries prepare for a cold winter. Many factors have contributed to this supply crunch, including European and Asian countries’ recent efforts to decarbonize the economy, lack of capital to natural gas drillers, and an unexpectedly low output from Russian energy suppliers like Gazprom.

The International Business Center has published its 2021 Market Potential Index (MPI). The MPI aims to assess market attractiveness for the largest 97 economies by comparing eight dimensions: market size, market intensity, market growth rate, market consumption capacity, commercial infrastructure, market receptivity, economic freedom, and country risk. This year's top market is China, which has held the leading spot on the Market Potential Index since 2014.  India, Singapore, Hong Kong, and Canada make up places two through five on the list, respectively. The top five markets on the MPI are the same countries as the 2020 MPI report, with Hong Kong and India swapping places on this year's report.

With the effects of the COVID-19 pandemic still looming, the Tokyo Olympics were forced to make many changes to the formatting of the historic event. These changes in turn affected the revenue. The most controversial change that had to take place was the halt of fan attendance. Since the first Olympic Games which first took place on April 6, 1896, the events have always had fans in attendance. However, to maintain the safety of its attendees Japan had to make the financially critical decision.

Recently Afghanistan has been at the center of world news as the country finally fell under Taliban rule, putting an end to a decades long fight. The Taliban was created in 1994 from former resistance fighters, attempting to halt a Soviet invasion of Afghanistan. Their purpose was to enforce a specific version of Islamic law at the time, and protect that law by eliminating any foreign influence. Two years after their conception, the Taliban was strong enough to capture Afghanistan’s capital, Kabul. The Taliban quickly enforced strict rules, such as head-to-toe coverings for women and banning TV and music. Their next most notable action, and the start of their downfall, happened on September 11th, 2001. The Taliban carried out a plan to hijack multiple planes in the United States, with two crashing into the World Trade Center towers. More than 2,700 people were killed in this terrorist attack.

Inspiriation4 has officially concluded after a three-day-long trip this past Saturday, September 18, 2021, at 7:06 p.m. (EDT). Inspiration4 was a commercial, tourist space flight enacted by Elon Musk’s SpaceX, a United States-based company. This exploration has caught the eyes of many other countries and companies, as recent spaceflight has become an international news staple in the past few months. We’ll cover the recent space news, how companies are reacting, and what the next big plans are.

Population issues have been a subject of discussion for decades.  While overpopulation puts a strain on natural resources, increases conflicts and wars, and causes water shortages and  malnutrition, population shrinkage also presents a host of issues.  The population on Earth is expected to stabilize and stop growing in 2100, however population growth rates vary drastically by region.  Some countries, such as Latvia, Japan, Venezuela, Syria, and Italy, have shrinking populations already, whether it be due to high rates of emigration or a declining birth rate.  Let’s dive into the unique set of issues that arise when countries are faced with a shrinking population.

Pfizer-BioNTech, the American-German paired company, has been the leading company for providing a COVID-19 vaccine. The FDA (Food and Drug Administration) granted Emergency Use Authorization in early December of 2020. Pfizer-BioNTech was later given emergency validation by the World Health Organization. As of August 23, 2021, Pfizer-BioNTech is the first vaccine to be FDA approved, meaning they have met the rigorous standards of the FDA. This is a significant milestone for Pfizer-BioNTech. While many have already been vaccinated, there is now additional confidence in the vaccine.