Global Scans · Trade · Weekly Summary

• [New] With global economies showing signs of normalising and optimism over Fed interest rate cuts in 2024, analysts expect companies across key markets to spend more on technology that will drive higher growth forecasts by Indian software services firms. The Straits Times
• [New] The global tech industry is projected to reach a staggering value of $15.8 trillion by 2026, with a compound annual growth rate of 4.9% during the forecast period. Smartphone Magazine
• [New] GBA Plus will help ensure that Canada's FTAs are more gender responsive and inclusive so all members of Canadian society can reap the benefits of free trade and continued economic growth. GAC
• [New] Given the current pace of change, Global Affairs Canada should increase its ability to anticipate and analyze global trends that matter for Canada and prepare policy prescriptions to address them and protect Canadian interests. GAC
• [New] Looking ahead, the outlook for global steel demand remains cautiously optimistic, with potential risks including geopolitical tensions, persistent inflation, and fiscal challenges in major economies that could impact the ongoing recovery. petromindo
• [New] The decrease in the global tourism industry due to the Covid-19 pandemic could result in a loss of US$ 2 trillion in world GDP, and the loss of 174 million jobs, if travel restrictions remain in place. ITIC - Industry Recovery Roadmap
• [New] The adoption of more structured benefit-risk analyses by NRAs could lead to greater harmonization of benefit-risk assessment globally and provide a framework that could be incorporated into health authorities' benefit-risk algorithms. PubMed Central (PMC)
• [New] Specialists are concerned about whether reimposing sanctions on Venezuela's energy sector could spur higher global oil prices and increase the number of Venezuelan migrants heading for the U.S.-Mexico border. Latin Times
• [New] The potential of commodity-backed tokens and broader asset tokenization could herald a new dawn for economic empowerment and global participation of developing nations. businesslive
• [New] Expanding on the transformative potential of commodity-backed tokens, particularly for developing nations rich in natural resources, it is essential to delve into the broader scope of asset tokenization and its implications for the future of global markets and economic development. businesslive
• [New] The trend towards asset-backed tokenization is not just a technological innovation but a financial strategy that could increase access to global markets for developing nations. businesslive
• [New] As the global economy navigates through uncertain times, cooperation and coordination among countries will be essential in promoting economic stability and fostering sustainable growth. West Observer
• [New] The UK works closely with Japan as part of the Global Combat Air Programme, which, along with Italy, will deliver a next-generation fighter jet to enter service from 2035 in a significant capability boost for all countries involved. GOV.UK
• [New] While nuclear power might experience a resurgence globally and eventually have a role in Australia, right now, no matter how much intent there might be to activate a nuclear power industry, it is difficult to envision before the mid-2040s. SmartCompany
• Global price fall and duty cuts might have resulted in some declines in prices of coarse flour and edible oils. The Business Standard
• Retail apparel brands in the US and the EU, which collectively represent a significant portion of global apparel trade, are expected to liquidate high inventory build-up. Indian Retailer
• The Role of Data Analytics in Supply Chain Resilience: In an era of global disruptions, supply chain resilience has become a top priority for organizations. Analytics Insight
• The degree to which P2 PAP use enhances hosts' perceptions of e-rental diagnosticity will have a positive effect on their intentions to continue using P2 PAP. Taylor & Francis
• The degree to which P2 PAP enhance hosts' perceptions of identification and control readiness will have a positive effect on their perceptions of e-rental diagnosticity, as well as their intention to continue using P2 PAP. Taylor & Francis
• Hosts' perceived e-rental diagnosticity will have a positive effect on their intention to continue using P2 PAP. Taylor & Francis
• Unhealthy diets are a key factor behind the global growth in rates of obesity, increasing the risk of diabetes, heart disease, stroke and some cancers. ShareAction
• Companies that want to be successful in the long-term should ensure they do not rely too heavily on unhealthy products and heed the growing consumer demand for healthier food, which will help deliver better health outcomes globally. ShareAction
• With global disruptions, procurement's focus is expanding across emerging markets in countries such as China, India, Brazil, Mexico, Indonesia, and beyond. Logistics Management

Last updated: 15 April 2024