Scholars typically spend their summers at interesting and learn-worthy organizations. For my summer this year such destination will be the University of Kent in Canterbury, UK. There I will participate in several events. I will be help coordinate a university-wide international business seminar: Global Business in a Dynamic Environment. In addition, I will be chairing the scientific council of the 1st International Doctoral Conference “Socializing Business Research: Connecting and Advancing Knowledge” at Kent Business School.
NEW DELHI: Once implemented, the measures proposed by OECD to curb tax avoidance activities would have “far reaching implications” in India’s transfer pricing landscape as well as a significant impact on US multinationals with overseas operations, according to experts.
Paris-based Organisation for Economic Cooperation and Development (OECD), which sets the global tax standards, published a seven-point BEPS ( Base Erosion and Profit Sharing) recommendations on Tuesday.
Companies having international operations would have to work towards not only adhering to compliance obligations but also review the operating structures in various jurisdictions, he said in a statement.
The proposals, which have been prepared after extensive consultations with various stakeholders including G20 nations.
Read Full Article in The Economic Times
1. Communicate clearly and often When working internationally, communication is key. It’s hard enough to manage employees within your building, but even more difficult when those employees are several time zones ahead of you. Their work day is winding down just as yours is getting started. In order to effectively manage their work, it’s imperative you have an ongoing, open dialogue and speak to them on the phone at least once a week.
Related: 5 Tech Giants to Watch
2. Bridge the distance with technology. A personal connection is important while managing an international team and the right technology helps.
3. Embrace cultural differences. Working with and among international and global business leaders and companies offers a completely new perspective on your business. However, it also comes with challenges, as cultures vary based on region, country, religion and more.
4. Leverage partnerships and ask for help. Leverage the relationships you have in every country you touch, either via employees or customer. For example, if you’re not a native Spanish speaker, but you’re heavily pushing a product in Mexico, call on your network to get your message out.
Related: Building Global ‘Trust Bridges’
5. Create and maintain relationships. Living a half-a-world away means you have to work twice as hard to maintain employee and customer relationships. Schedule a weekly company update call with employees. It’s hard to gauge tone via emails and you often gain a great deal of insight just by hearing someone’s voice.
By Zacks Investment Research | Market Overview
Advanced economies are projected to climb 1.8% in 2014 and 2.4% in 2015. These growth projections are considered crucial for global expansion as well as for the progress of emerging and developing nations. Emerging economies are predicted to grow by 4.6% in 2014 and 5.2% in 2015.
A chart displaying Gross Domestic Product (GDP) of the global economy as well as that of selected developed nations, including the U.S, Japan and the Eurozone, and emerging countries like China, India, Brazil and South Africa is provided below:
A spur in economic growth inducing more industrial activities is considered favorable for the expansion of the machinery industry. This direct correlation, right on the heels of the expected economic growth worldwide, makes us confident about the machinery industry. Across nations, the level of industrial activities is measured in terms of industrial production — output of the manufacturing, mining and utilities sectors.
A brief discussion on the prospects of the machinery industry in different nations has been provided below.
Prospects in the United States
International trade is on the rise. Export demand for U.S-made goods, especially automotive vehicles and parts, consumer articles, industrial supplies and materials, and food and beverages, increased by roughly $2 billion to $198 billion in July.
The world’s largest economy held nearly 16.5% of the global GDP on purchasing power parity (PPP) basis, in 2013. Over the last five years, the country’s GDP growth movement were in sync with its industrial production. With the IMF anticipating the economy to grow by 1.7% in 2014 and 3% in 2015, one can gather a fair idea about the growth prospects of the machinery industry.
By GILLIAN RICH, INVESTOR’S BUSINESS DAILY
Boeing predicted Thursday that China will be the largest buyer of passenger planes in the Asia Pacific region over the next 20 years.
Boeing sees a demand of 6,020 new planes, valued at $870 billion, over the next two decades for China, accounting for 45% of total demand for airplanes in the region.
“China’s aviation market is going through dynamic changes,” said Randy Tinseth, Boeing commercial airplanes VP of marketing, in the release. “New business models like low-cost carriers and airplane leasing companies, a new generation of fuel-efficient airplanes and evolving consumer needs are driving demand for more direct flights to more destinations.”
Boeing sees demand for 1,480 new wide-body aircraft like its 777 and 787 Dreamliner as the long-haul segment grows and more international flights arrive in smaller cities outside Beijing, Shanghai and Guangzhou.
“To compete in the tough long-haul international market, our Chinese customers are focused on evolving new business models, adding new destinations, increasing their capacity and resources,” Tinseth said in the release.
More than half of all the commercial planes in China are from Boeing, according to the company.
China is also the home to many budding low-cost carriers, as Beijing lifted restrictions on creating new airlines earlier this year. The new guidelines make it easier for budget carriers to get approval.
In July, China Eastern Airlines announced it would convert China United Airlines into a low-cost airline. Spring Airlines is the largest budget carrier in the country.
Worldwide, Boeing sees the delivery of 36,770 new commercial airplanes during the next 20 years.
Boeing shares were flat at 126.23 in the stock market today.
Boeing is dominating the skies in other markets as well. Europe’s Airbus said Thursday that it has more than 1,000 orders for new aircraft in the first eight months of the year, but cancellations continue to hit net orders, which are only at 722, far behind Boeing’s, at 918.
The Aerospace/ Defense group is ranked No. 115 out of the 197 industry groups IBD tracks.
Follow Gillian Rich on Twitter: @IBD_GRich.
Read More At Investor’s Business Daily: http://news.investors.com/business/090414-715963-boeing-sees-china-demand-up-budget-airlines-grow.htm#ixzz3CkwvAJmF
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