June 27, 2019 · 3 MIN READ
One of the biggest stories in Asian business is China’s “Belt and Road” Initiative, President Xi Jinping’s signature foreign policy venture that aims to redraw global trade routes. It is estimated to cost more than $1 trillion USD, making it arguably the largest overseas investment programs ever undertaken by a single country. This could likely change the global eco-economic and geopolitical balance of power.
Apr 15, 2019 · 2 MIN READ
The exponential growth of data is undisputed, but the numbers behind this explosion are hard to comprehend, particularly when looked at in the context of one day. By 2025, it’s estimated that 463 exabytes of data will be created each day globally – that’s the equivalent of 212,765,957 DVDs per day!
Dec 14, 2018 · 2 MIN READ
The latest estimate from the World Bank puts global GDP at roughly $80 trillion in nominal terms for 2017. This chart from HowMuch.net uses data from the World Bank to visualize the entire global economy by GDP in 2017 in one chart.
Nov 11, 2018 · 4 MIN READ
Sears, the original everything store that once was one of the largest retailers with more than 125-year history, filed for bankruptcy protection. Today, Sears is drowning in $5.5 billion of outstanding debt.
Nov 28, 2017 · 2 MIN READ
Nepal is a small country nestled in the heart of the Himalayan mountains where the famous Mt. Everest is located. To put the numbers in perspective, Nepal is about five times smaller than Texas. For such a small country, Nepal is home to the 8 out of 10 highest mountains in the world.
Dec 28, 2017 · 5 MIN READ
In 2016, AT&T Inc. announced it has reached a $85 billion deal to acquire Time Warner Inc. – that is now being sued by the Department of Justice. If the deal goes through, the telecom giant will gain control of a media empire including CNN, HBO, TBS, and TNT. The deal follows another major acquisition in 2014 when it acquired DirecTV for about $48.5 billion.
Dec 06, 2017 · 4 MIN READ
Amazon is shaking up the entire supermarket industry by acquiring the upscale grocery chain Whole Foods for $13.7 billion in August 2017. Immediately after Amazon acquired Whole Foods, Walmart announced to acquire online men’s fashion retailer Bonobos for $310 million as it seeks to bridge the gap with e-commerce leader Amazon.