When campaigning through steel country, Donald Trump promised to bring back jobs to the American steel industry. He also indicated that "we're going to be make pipeline in the United States" with American steel. However, tariffs or trade restrictions on "cheap" foreign steel have not been forthcoming, and a big winner in some recent pipeline contracts is a Russian steel company with close family ties to the Trump family.
Canada's Bombardier received a couple pieces of bad news this week. In the rail business, Germany's Siemens decided to pursue a merger with France's Alstom, which at least for now leaves Bombardier as a much smaller player in the worldwide rail market. Its aircraft unit also learned that the U.S. Department of Commerce issued a preliminary ruling in favor of Boeing that Bombardier received significant subsidies from the Canadian government and, as a result, imported Bombardier aircraft will be subject to duties.
Worldwide cocoa prices have fallen about 40 percent over the past three years, as good harvests have led to a growth in supply without much to change demand. As part of a measure to help support cocoa farmers, the Ghana Cocoa Board guarantees that farmers receive a set price per pound. But with falling worldwide cocoa prices and with costs incurred by the Ghana Cocoa Board, the board loses money on every transaction. Complicating matters is the fact that growers from neighboring Ivory Coast smuggle their beans into Ghana in order to obtain the higher prices, which further strains the government of Ghana's ability to maintain its high prices.
The Athletic, a sports journalism startup, takes a page out of the well-worn entrepreneurs credo and zigs when everybody zags. So far, the strategy seems to be working.
Unlike the decision to pull out of the Trans-Pacific Partnership, the Trump Administration hasn’t been as decisive with the North American Free Trade Agreement (NAFTA). The "worst trade deal" may just need tweaking and upgrading.
Although President Donald Trump nixed the Trans-Pacific Partnership, many of the NAFTA modifications that his administration is seeking are straight out of the 12-nation trade pact. To date, Canada and Mexico have responded positively to negotiating with the U.S. to update the treaty.
The enforcement-only approach to immigration is leading to sharp labor shortages in agriculture and construction. The Trump administration is considering a merit-based immigration system similar to Canada's and Australia's.
India is about to become the next major world economy to adopt a simplified goods and services tax (GST), the equivalent of a sales tax. This promises to usher in business simplification, efficiency, and economic growth. The success (or failure) of this tax may eventually point the way to a whole new way of taxation for the U.S. economy.
Bollywood makes more than twice as many movies as Hollywood, but profits are limited. Now, other regional filmmakers in India are challenging Bollywood, making for an increasingly difficult industry environment.
An Indian blockbuster, "Baahubali 2," had box-office revenues of more than $230 million in three weeks. This could spark more films outside the Bollywood mold. India produces 1,500 to 2,000 films a year and generated about $2.2 billion in 2016. It has about six screens per million viewers, versus 23 per million in China and 126 per million in the U.S.
An Iranian immigrant in Silicon Valley is challenging the $500 million behemoths and touting night shots that pierce cloud cover. Spy-quality satellite imaging for cheap.
Ethereum could present a whole new way to run a business, but there are some serious kinks to work out. Ethereum’s ledger can store fully functioning computer programs called smart contracts.
The supply chain in the automotive industry is incredibly complex, with parts coming together into subassemblies and then joined with other subassemblies before being assembled into final vehicles. Under NAFTA, regardless of the North American country where final assembly takes place, most vehicles are made from parts manufactured or assembled in the other two countries and other countries worldwide. Simple-minded ideas such as imposing a tax on imports from Mexico sounds like a way of shifting manufacturing to the United States but may result in fewer U.S. manufacturing jobs if auto manufacturers shift production outside NAFTA to lower prices for consumers.
The North American automotive industry is highly integrated across Canada, the U.S., and Mexico, with parts and vehicles flowing back and forth across borders. All that could change if Donald Trump follows through on his threats to levy import taxes and cut trade with Canada and Mexico. The implications for automakers from Ford to Toyota to Volkswagen are significant, as are the resultant rise in prices of that U.S. consumers would face.
Does the future belong to plastic cash? Polymer bills cost about twice as much as paper, but last five times as long (and can survive the washing machine).
The Kingdom of Saudi Arabia has initiated plans to lead OPEC in production cuts that are designed to reduce the oil glut and raise crude oil prices globally. Production increases in non-OPEC countries and Saudi Arabia itself contributed to production that drove down prices. Now, the oil ministry is changing direction in order to steer prices higher and reduce the damaging economic impact on its own economy.
An unanticipated consequence of low global economic growth is the decline in prices for recycled scrap. As demand for recycled scrap declines, the price paid for containers, as well as an incentive to recycle them, has been trashed.
Any company considering entry into the auto industry will likely be in contact with Magna International. Magna makes a variety of components that go into most autos, and operates assembly lines that produce cars for certain auto companies. It is currently exploring how it might create a platform that companies considering entering the auto industry could use as the basis for their vehicles.
Some of the tastiest, most inventive food in London is served from trucks and open-air market stalls. But chasing down mouthwatering tuna-sashimi tostadas or curry-infused burgers, then finding a place to sit down and enjoy them, can take some effort. Entrepreneurs Jonathan Downey and Henry Dimbleby have a solution.
The U.S.-led Trans-Pacific Partnership has competition from the Chinese-led Regional Comprehensive Economic Partnership. Both agreements have their boosters and detractors. The conflict illustrates how economics and politics are globally intertwined and are on the political front burner this election year.
Residents' monthly costs at Midtown assisted living building top $20,000. An owner of assisted living facilities is looking to get in on New York's luxury housing boom.
There are several factors that has caused the U.S. to lose its status as the world’s leading exporter of wheat. While new technology may reverse the decline in wheat production, the main cause is the greater profitability of substitute crops, such as corn and soybeans.
Whereas the U.S. used to be the world's largest exporter of wheat, it has lost that position Russia, with Canada poised to push the U.S. to third place. The reasons behind this shift are complex, including improved supply from, and growing conditions in, Russia and Canada. The quality of U.S. wheat still commands a price premium in the market, but the rise in the U.S. dollar makes it less competitive in global markets.
NAV CANADA's software guides the skies over nine countries. The success of Canada’s system had led some U.S. lawmakers to push for partial privatization of the FAA’s air traffic division.
Canada no longer uses paper strips for air traffic control. The country's new computer system comes from a nonprofit corporation.
The U.S. television industry produced more than 400 scripted series last year, a record. That’s causing shortages. An explosion in American television production is threatening to overwhelm filming facilities from California to Canada and Georgia.
The National Hockey League (NHL) keeps its books in U.S. dollars, with all revenues expenses earned in other currencies converted to U.S. dollars (not unlike many U.S.-based multinational firms). The recent fall in the Canadian dollar, however, means that the league will be reporting lower overall revenue when the Canadian funds are converted to U.S. dollars. With about a third of the NHL's revenues coming from Canada, an 18% drop in the exchange rate means that revenues would fall around 6%. All player salaries, however, are negotiated in U.S. dollars.
Approximately one third of National Hockey League (NHL) revenue is generated in Canada. Since the league’s compensation arrangement is based on revenue sharing and salaries measured and paid in U.S. dollars, the weak Canadian dollar is affecting team owners and players. The revenue sharing arrangement, a variation on profit-sharing, means that players and owners share in the currency risk.
Bombardier's goal of competing with Boeing and Airbus in the market for 100-plus seat aircraft has fallen short of expectations. While Bombardier has received orders and is getting ready to deliver its first aircraft, its order book is much weaker than it anticipated. With its stock trading below a dollar and the company operating at a loss, the Quebec and Canadian governments may need to step in to provide financial backing (and save jobs).
Canada's investment in neural network technology has helped its universities develop significant expertise in artificial intelligence. Technology firms such as Google, Facebook, and Twitter have hired Canadian artificial intelligence experts, and/or purchased companies and the technology they helped develop. While there is some concern regarding a brain drain with these high skilled employees moving to the U.S., it is helping the government and universities realize that they need to do more to help retain and attract this human capital in Canada.
Canada is becoming an increasingly attractive location for software companies, as employment in the Canadian hardware industry drops. Canada’s venture funding has doubled in five years, to $2.4 billion.
Netflix is on track to become the first worldwide, online subscription television network. But it may have difficulty selling the same service the same way everywhere, especially in Japan.
Netflix continues to see a growth in revenues, with strong sales in the United States, Canada, Australia, United Kingdom, and Brazil. Now the company has its sights set on Asian markets as it rolls out its service in Japan. This, however, will bring new challenges, as Japanese consumers are not used to paying for programming.
Netflix has been a Western phenomenon. Betting that streaming will become a global phenomenon, Netflix will expand to more than 150 countries by the end of 2016.
How has Wal-Mart reduced its tax burden in recent years?
How Buffalo Wild Wings turned the sports bar into a $1.5 billion juggernaut.
With $1.5 billion in annual revenue, Buffalo Wild Wings is breaking records in the casual-dining category.
Critics have found flaws in the Environmental Resources Management (ERM) environmental impact report on the Keystone XL Pipeline written for the U.S. State Department.
Target grew huge by building 130,000-square-foot stores in suburbs. Now it’s seeking growth with smaller stores in cities.
Target has admitted failure and is pulling back from its first international expansion into Canada.
Target is cutting its losses and exiting the Canadian market.
Entrepreneurs prefer to list their companies' shares in the U.S.
What plans does Netflix have for expansion in Europe?
Current trends leave the future of legacy burger-and-fries chains in question.
Hollywood is suffering from overcrowding during its key season.
Huawei is finding growth opportunities in Canada that it wasn't finding in the United States.
Delays on the KXL force pipeline companies to find alternatives.
A shot in the dark? Fireball Cinnamon Whisky has become one of the most successful liquor brands in decades, with annual sales now exceeding $80 million.
First Book Marketplace accounted for 2 percent of all juvenile books sold in the United States last year to an unlikely audience at a surprising price. Why is everyone involved winning?
Meatpackers are suing to block a federal rule requiring Country of Origin Labeling on beef sold in the U.S.
J.Crew is invading London with American style at a higher price point. Will it succeed where others have failed?
Can Service Corporation International continue to grow in the business of funeral homes and cemeteries?
TransCanada plans to increase the amount of oil the Keystone Gulf Coast will carry to 830,000 barrels a day.
Abundant natural gas in the U.S. is driving investment in chemical, plastics, and fertilizer plants on the Gulf Coast.
Why are Canadian oil companies encouraging the government to impose pollution taxes on oil extracted from the tar sands?
U.S. production of light, sweet crude is increasing dramatically because of fracking. However, imports of heavy crude from Canada are likely to remain high because of capital investments by large U.S. refineries to enable processing of heavier crude oil. The good news is that the increase in light, sweet supply is sure to drive world prices down.
What do you get when you cross a Russian-born tennis star with a gummy candy? Maria Sharapova is betting $500,000 that the answer is a profitable, upscale candy company.
Is Obama now going for a "full-throated" endorsement of oil and natural gas production in the United States? Meanwhile, does an EPA-led "war on coal" continue?
The NHL lockout is hurting brewers such as Molson Coors -- as well as bars and restaurants near NHL arenas.
The prairies of western Canada have long been known for wheat. Now as a result of strong global demand (which leads to high prices), a warming climate, and new corn varieties, more corn is being grown on the Canadian prairies.
The cigarette industry is watching strict packaging requirements in Australia very closely. The industry fears that new tobacco control measures in Australia are likely to spread to other countries.
Numerous companies have hired chaplains to work with their employees.
Move aside, USA - here comes a Chinese company to produce oil in Canada and ship it back home - to Beijing, that is.
Huawei has moved up from number seven worldwide in the smartphone market to perhaps number three.
How has John Deere increased its international operations?
The more nations involved in trade-liberalizing negotiations, the harder it is to get things accomplished.
Supply chains are being reinvented in order to certify that electronics do not contain minerals whose extraction contribute to the financing of conflict in central Africa.
Reforms spelled out in a joint plan signed by Obama and Harper could give a boost to trade slowed by post-Sept. 11 border tightening.
A welcome end to the U.S.-Mexico trucking dispute - how can operations managers take advantage of it?
What should we do to get the U.S. economy going again? Countries as diverse as Germany, Brazil, Singapore, and Thailand can offer ways for the U.S. to shore up its economy.
Can a rainy spring in Saskatchewan contribute to the overthrow of a government in Tunisia?
Due to a drought in Russia and floods in Canada and Australia, wheat prices have doubled in the past year. Now the French are seeing increases in the price of baguettes.
Booming demand for steel in developing countries is opening up Canada's Arctic region to iron ore mining.
With drought and flood hurting harvests - and population growth increasing demand - some forecasters see significant food price increases in 2011.
Due to a weak dollar and poor growing conditions in Europe, U.S. farm exports are strong this year.
The U.S. has used tariffs for more than two centuries to raise revenue and protect American industry. Will this work again in an era of diminished American power?
While many companies are scaling back their global ambitions amid the recession, others are looking to gain a bigger foothold abroad.
Heightened antitrust action, such as China's no on Coke-Huiyuan, may signal a new approach to protectionism.
Quebec is easing commerce and labor barriers with France, which may lead to a broader Canada-EU deal.
What role will the global economy play on a U.S. downturn?
Can potential unintended consequences make an environmental group's successful tactic undesirable?
Is the security of using Canadian crude oil worth its environmental costs?