Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday as it seeks to deepen ties in the region and build its global trade links after leaving the European Union.
Britain announced last year it would join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in its biggest trade deal since Brexit.
Global growth will slow in 2025, and offshore investors are set to cut the cash they send to emerging markets by nearly a quarter, as promised policies from incoming U.S. President Donald Trump reverberate through global markets, a banking trade group said on Wednesday. The threatened tariffs, a stronger U.S. dollar and slower-than-expected interest rate cuts from the U.S. Federal Reserve are already impacting investor plans, the Institute of International Finance (IIF) said.
Germany’s central bank drastically cut its economic-growth forecasts for next year and warned of heightened uncertainty with the possibility of rising trade protectionism.
The Bundesbank said in its twice yearly report that it now expects just 0.2% economic growth in Germany in 2025, well below the 1.1% it predicted in prior forecasts made in June. Its forecast for this year is of a decline of 0.2%, the second yearly decline in a row.
Roughly 70,000 gallons (264,978 litres) of oil from a pipeline spilled into the ground in Wisconsin, officials said.
The problem was discovered Nov. 11 in Jefferson County, 60 miles (96.5 kilometers) west of Milwaukee, by an Enbridge Energy technician, the Milwaukee Journal Sentinel reported, citing a federal accident report.
The U.S. Treasury has informed Japan's Nippon Steel (5401.T), opens new tab that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel (X.N), opens new tab has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
Treasury, which leads the Committee on Foreign Investment in the U.S. (CFIUS), wrote to both companies on Saturday saying the nine agencies on the panel were struggling to reach a consensus ahead of the deadline to submit a recommendation to President Joe Biden, the report added, citing several sources familiar with the talks.
The Federal Reserve is expected to lower interest rates by another quarter point on Dec. 18 at the end of its two-day meeting. That would mark the third rate cut in a row — all together shaving a full percentage point off the federal funds rate since September.
The Dallas City Council voted Wednesday to approve a contract that will bring the International Broadcast Center for the 2026 FIFA World Cup to the city.
An estimated 3,000-5,000 broadcasters and other staff from around the world will be based in the Kay Bailey Hutchison Convention Center in downtown Dallas.
The contract includes a $15 million commitment from the city for upgrades and renovations to the convention center to meet the technical needs of the broadcast center.
Elon Musk said on social media platform X on Thursday that the SpaceX headquarters will now officially be in the city of Starbase, Texas.
In July, Musk said he was moving the headquarters of two of his companies - social media platform X and rocket company SpaceX - to Texas from California, citing a new gender identity law there as the "last straw."
CSIQ recently announced that its e-STORAGE subsidiary has clinched a contract to provide a 188 megawatt-hour (MWh) direct-current DC to the Gaia project and a 127 MWh DC Midpoint project in Hill County. The company also inked a key contract with Sunraycer Renewables LLC. to sell up to 2 gigawatt-peak (GWp) of high-efficiency solar modules for multiple Sunraycer projects.
If enacted, President-elect Trump’s threatened tariffs on Mexico and Canada will bite deep and well in the Texan border area.
Take the Toyota Tundra pickup truck and the Sequoia SUV, for example. Both are assembled at Toyota’s San Antonio, Texas plant, but rely heavily on several key components sourced from Mexico. These include axles, engines, transmissions, powertrains, and other key auto parts that are produced at the Japanese car maker’s Baja California and Guanajuato plants, in northern and central México.
A national employee-owned insurance firm is expanding in Austin because of the area’s private equity and technology landscape.
The IMA Financial Group, a national firm with roughly 3,000 employees and 48 U.S. offices, provides insurance for many different industries including health care, manufacturing and construction. However, its local focus will be geared towards private equity and technology companies based in Central Texas, said Justin Jacobs, the executive vice president of marketing for the company.
Several measures meant to kickstart and fund efforts around the demolition and redevelopment of the Austin Convention Center have gotten the stamp of approval.
The Austin City Council signed off on them at its Dec. 12 meeting to move the project along and to help Austin’s tourism industry during the roughly four-year period in which there will be no convention center downtown.
The convention center is set to close April 1 and be torn down to make way for a larger facility with almost double the amount of rentable space. It will reopen in time for the 2029 spring festival season.
AMD chief Lisa Su is in the global spotlight once again for building up a corporate powerhouse at a critical time in the industry.
AMD "really is one of the great turnaround stories of modern American business history," Chris Miller, a semiconductor industry historian, tells Time. The article chronicled AMD's longtime battle with rival Intel and the new threats brought by Nvidia, which has suddenly dominated the critical AI chip space.
Whenever a presidential election ends, business leaders want to know how the results will affect their industries. After analyzing Donald Trump’s plans for the next four years—especially as it relates to his tariff proposals, supply chain organizations should be prepared for three potentially disruptive issues: inflation, pricing fluctuation and shortages.
Some industries, of course, are better prepared for disruptions than others. If there’s one thing that successful supply chain organizations know best, it’s how to deal with major global changes—tariffs or otherwise. How an organization reacts and commits to its customers is what separates successful businesses from their competition.
