Foreign Direct Investment (FDI) flows will recover «at the earliest» until 2022, the United Nations Conference on Trade and Development (UNCTAD) reported on Thursday. The Covid-19 pandemic has had an immediate and negative impact on FDI in 2020. The outlook remains dire, with further deterioration projected in 2021.
The number of cross-border mergers and acquisitions fell 15% in the first eight months of 2020, at an annual rate, the United Nations Conference on Trade and Development (UNCTAD) reported on Thursday, without specifying the number of transactions. In developed economies, where they represent a significant part of
The peso starts the session with little change compared to yesterday’s close, trading around 20.32 pesos per dollar, touching overnight a minimum of 20.29 and a maximum of 20.43 pesos. Although the exchange rate remains relatively stable, most currencies in the foreign exchange market lose ground against the
Customs and Border Protection’s Office of Field Operations (CBP) seized more than $ 20 million in designer jewelry in the Detroit Windsor Tunnel on Monday. The jewelry was destined for a New York auction house, where it would be appraised and eventually sold on behalf of the owner,
Italian shipbuilder Fincantieri placed an order from ABB for around $ 150 million to offer a full range of technologies to power next-generation cruise ships. ABB will equip five newly built vessels with Azipod electric propulsion, which has a proven ability to significantly reduce fuel consumption on board.
The Food and Drug Administration (FDA) conducts a public consultation on a proposed regulation related to smarter food safety in the United States. On September 23, 2020, the FDA published that regulation to establish additional traceability record-keeping requirements for people who manufacture, process, pack, or preserve certain foods