Last week has been very active in terms of International Business Relations. Important agreements have been signed, and great economies like China and Russia have faced issues that might require some changes in their economic courses. Here are the Top 5 International Business Trends of previous week from news agencies throughout the Web.
1. EU-US historic trade deal: ‘Putting the corporation above the nation’
The successful adoption of the EU-US trade agreement promises both parties massive gains of up to $159 billion, but the profits could come at the expense of the everyday consumer, who could see the quality of their products diminish as a result. More here.
2. Russia’s woes confirm BRIC slowdown
Russia slashed its long-term growth forecasts this week, providing further evidence of a slowdown in emerging markets. Economy Minister Alexei Ulyukayev said that annual GDP growth would average 2.5% through to 2030, compared with a previous forecast of 4.3%. More here.
3. China meeting likely to chart economic agenda
All eyes are on China as the country prepares for a highly anticipated meeting of the ruling Communist Party. After decades of exponential expansion, the world’s second-largest economy is entering a period of slower growth, and Beijing is under pressure to address issues that threaten further economic development and social stability. More here.
4. Merkel Gets Energy Deal as Self-Imposed Coalition Deadline Nears
German Chancellor Angela Merkel’s bloc and the Social Democrats stitched together an agreement on renewable energy as the parties close in on a self-imposed deadline to draft a coalition accord by the end of the month. More here.
5. India’s Oct trade deficit jumps, but trends seen positive
India’s trade deficit jumped in October, rebounding from a 2-1/2 year low the previous month, as purchases of gold picked up ahead of the festival season, provisional government data showed on Monday. More here.