globalEDGE Blog Podcast

It has been over a year since Vladimir Putin authorized Russia's “special military operations” in Ukraine, eventually leading to what we now know as the 2022 Russian Invasion of Ukraine. The human cost of the conflict is undeniable. It is difficult to estimate the number of casualties related to this invasion; however, the most extreme estimates by U.S. general Mark Milley suggest that over 100,000 Ukrainian and over 100,000 Russian soldiers have been killed or injured. Milley’s estimates indicate that nearly 40,000 Ukrainian civilians have been killed in the conflict, while UN estimates put that number at closer to 7,000. As a result of this horrific conflict, there has been an overwhelming international response by both governmental and corporate institutions.

Oil prices continue to fall, hitting almost 15-month lows. One of the new factors impacting the global price of oil is the current banking turmoil further adding to the confusion of world prices.

The 2022 Market Potential Index (MPI) has been released on globalEDGE! This study ranks the market potential of the largest economies, focusing on the United States, by compiling statistics from several sources and analyzing the results based on eight dimensions. This study can help businesses determine which international markets best fit for them to enter.

American Football and the National Football League is mainly known as American sport, but the National Football League (NFL) is trying to change that perception; and their efforts internationally are reaching an economic boom.

In March 2021, China put a large tariff on any imported wine from Australia, it's the largest supplier. This blog covers the economic impact on the wine industry in Australia and China, the background to the current situation, and what lies ahead for the wine industry.

Russia is the world's "most heavily sanctioned" country. More than 30 countries have been a part of these sanctions. Although it has been a year now of intense restrictions since the war on Ukraine, there seems to be little change in the country's economy.

Climate change, the idea that human behavior has long-term effects on the environment or weather, has become a global concern over the past few decades. Temperatures across the world have steadily increased over the past 100 years.

Retirement savings are crucial for individuals who want to live a comfortable life during their golden years. However, not all Americans have equal opportunities to save for retirement, and there is a significant racial retirement savings gap that affects many communities of color. In this blog, we will explore the causes and consequences of the racial retirement savings gap and discuss a possible solution with state IRA programs.

The world Baseball Classic starts at the beginning of March. It is a three-week baseball tournament, including teams from all over the world. The World Baseball Classic is similar to the world cup for Soccer, with teams playing in different groups. The top two teams from each group move on to the tournament. The tournament will occur in the United States (Arizona and Miami), Taiwan, and Japan, which is decided based on the country’s location.The World Baseball Classic happens every four years, but due to the COVID-19 pandemic, the Classic had to be postponed to 2023, but now, the economic boosts given to host countries is likely to occur once more.

The current earthquakes seen in Turkey are a devastating event that will have ramifications in all sectors of life. In this blog we will be discussing the economic impact. The recent 7.8 earthquakes in Turkey will significantly impact the Turkish economy, which will ripple throughout the world economy. Turkey has the 19th largest economy in the world at nearly 1 trillion USD. Economic consequences of this disaster are seeming to be high inflation, a collapsing stock market, and a devastated agricultural sector.