International Monetary Fund, World Bank Bring Global Financial System Risks to Light

  The International Monetary Fund (IMF) and the World Bank are gathering this week to discuss the state of the global financial system, which has many worried because of emerging markets and heightened trade tensions. The meetings are held in Bali and include a review of current risks to the world's financial well-being. On Oct. 10, Reuters re...
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September’s Strong Service Sector Hits 21-Year High

September was good to the U.S. service sector, where activity reached a two-decade high as the economy begins the fourth quarter. The Institute for Supply Management's (ISM) non-manufacturing activity index indicated more hiring was behind last month's results that were last seen in August 1997. Following Federal Reserve Chairman Jerome Powell's re...
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Retailers Struggling to Hire for the Holidays

The holiday shopping season is approaching quickly as shoppers will soon begin flocking to department stores and small businesses in the coming months. A busy shopping season calls for more retail hiring; however, CNBC reports not all retailers will successfully fill their vacant positions. Demands for higher wages lure some employees away from low...
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‘To No One’s Surprise,’ Fed Hikes Interest Rates

As predicted, the Federal Reserve followed through with its plan to hike interest rates on Sept. 26, increasing rates by a quarter point, while anticipating economic growth for the remainder of 2018 and into next year. The hike was of no surprised to anyone, said NACM Economist Chris Kuehl, Ph.D., who said the latest hike marks the eighth increase ...
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Food, Chemical Products Amid Latest Chinese Retaliatory Tariffs on US

Tackling trade talks remains difficult for the U.S. and China as more of President Donald Trump's tariffs go into effect today, placing a 10% tax on $200 billion of Chinese products such as furniture and appliances. According to CNBC, the tariff is expected to increase to 25% by the end of the year. This latest imposition was met with retaliation b...
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Consumer Demand, Not Trade War, Among CFOs Top Concerns

Risk assessment is part of the daily grind for any business, so when the U.S. stirred up trade controversies with other countries, economists saw American businesses' concerns rise. While many believed the trade war was among these worries, a new CNBC survey suggests there are worse fears in the business community, specifically consumer demand. On ...
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Little Economic Impact Expected From Hurricane Florence

Natural disasters take a physical toll on impacted communities, the most recent example being the severe flooding from Hurricane Florence in North Carolina. With destruction and devastation comes economic hardship, but according to Moody's Analytics, Hurricane Florence is expected to have a minimal impact on the U.S. economy. The latest hurricane h...
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Lumber Prices Rise as Hurricane Florence Nears East Coast

As the East Coast prepares for Hurricane Florence to make landfall late Thursday or early Friday, the construction industry is already seeing the storm's costly effects through lumber prices. According to Prosales magazine, the impending hurricane and any that follow are expected to bring a 10% lumber price hike that may last roughly two months. On...
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E-Invoicing Ushers Businesses Toward More Tech Implementation

Knowing when and where to start implementing new technology is tricky for any business. Costs and complications alone often steer businesses away from the latest advancements, but some experts believe electronic invoicing adoption is one of the best stepping stones for a gradual transition into 21st century technology. According to professional ser...
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Be Extra Cautious When Lending to Micro-SMBs

When credit managers are extending lines of credit, the size of their customers' business is a factor to weigh in the decision-making process. Just because a business is small doesn't mean it will never get credit, but both parties have to remain more alert. On Aug. 27, global fintech company Tide explained how micro-SMBs (small- to medium-sized bu...
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Strategic Global Intelligence Brief for August 24, 2018

Short Items of Interest—U.S. Economy Lining Up Behind the Chair For the most part, the Fed is a body that rules by consensus. The members of the Open Market Committee are the permanent members of the Board of Governors plus four of the regional heads of the Fed that rotate on and off the FOMC on an annual basis. The Chair represents the views of th...
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Simulation Tech Enhances Decision-Making Process for Infrastructure Projects

In some way, shape or form, artificial intelligence (AI) is making a name for itself in the business community. The construction industry is no exception as recently seen in the United Kingdom, where a $4.5 million investment will fund a software company's latest technological endeavor to create real-world simulations of infrastructure projects. St...
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‘Good Hires’ Are Hard to Find in Canadian IT Departments

A company is only as good as its employees, and if they don't have the proper skills to do their job, business becomes much more complicated. According to new research, a vast majority of Canadian corporate hiring managers in the technology sector said they are having trouble making "the right hire," specifically finding employees who have the skil...
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Late Payments Bring Summertime Blues to UK

Just as accountants experience a busy time of year during tax season, small- to medium-sized enterprise (SME) credit managers in the United Kingdom are finding their summers cut short to spend more time hunting down late payments. In fact, 60% of U.K. SMBs are exchanging summer holidays for more workdays dedicated to the task, according to Online P...
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Shipment Delays Possible After Apple Supplier Suffers Computer Virus Outbreak

Technology is a blessing and a curse, and at the moment, it is more of the latter for Apple. On Aug. 3, one of Apple's suppliers suffered a computer virus outbreak, which CNBC reports may lead to shipment delays on behalf of the supplier. Taiwan Semiconductor Manufacturing Co. (TSMC) manufactures the chip processors used in Apple iPhones. According...
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Auto Suppliers Question Motive Behind Tesla’s Refund Request

Suppliers for Tesla Inc. are scratching their heads after the electric car company sent an unusual memo to some of its suppliers last week asking for a partial cash refund to boost profitability. According to Bloomberg, less than 10 suppliers received the memo, which Morningstar Analyst David Whiston described as "troubling" in an interview with th...
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Think Before You Click: Avoiding Email Scams

Think twice before you open that unrecognizable email because it may cost you. Earlier this month, the U.S. Federal Bureau of Investigation (FBI) updated its data on business email compromise (BEC) scams, which have increased steadily around the globe in less than two years. In a public service announcement on July 12, the FBI stated the scams are ...
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Safety Net Protects Canadian Automakers From Possible Retaliatory US Tariffs

Canadian suppliers worried about retaliatory tariffs from the U.S. can breathe a sigh of relief, at least those working in the automotive industry. Tariffs on U.S. steel imports have raised costs across the sector; however, according to Reuters, Canadian government customs provisions are in place that could "reduce or refund import duties" to compa...
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‘Imminent, Serious’ Inflation on the Horizon

Inflation is becoming increasingly problematic for U.S. producers. Unanticipated gains in June's Producer Price Index (PPI), released July 11, have economists predicting rising costs for manufacturing and construction material in connection to the U.S. administration's tariffs on various imports. According to Reuters , the PPI reached an annual inc...
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Strategic Global Intelligence Brief for May 30, 2018

Short Items of Interest—U.S. Economy Housing and Labor Shortages The U.S. has an acute shortage of workers in a wide variety of fields. This has been made abundantly clear over the last few years. There are many factors that play into this issue—lack of training opportunities, lack of knowledge regarding these opportunities, personal issues that pr...
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