Chinese biotech firm locates European office in Rotterdam

BGI Tech, one of the world’s leading genomics research institutes, has opted for Rotterdam as its European headquarters. The Chinese company provides services in genetic research in humans, plants and animals, microbiology and medicines. The development of new drugs, DNA decoding and cancer research are just a few examples of the many areas the company … Continue reading Chinese biotech firm locates European office in Rotterdam

Port of Rotterdam: Nirint swaps Moerdijk for Maasvlakte

From early 2014, Rotterdam shipping company Nirint will use the Rhenus Deep Sea Terminal on the Maasvlakte instead of Moerdijk. The Nirint vessels have called at the latter port, with its far inland location, for sixteen years in a row. Nirint provides services to ports including Saint Petersburg, Bilbao, Havana and Moa in Cuba and … Continue reading Port of Rotterdam: Nirint swaps Moerdijk for Maasvlakte

For 2014 Brazilian businesses expect to invest less and gain less

The October-November 2013 edition of the Investment Survey by the Getulio Vargas Foundation has obtained data from Brazilian industrial companies on the development in 2013 and expectations for 2014 regarding variables such as investment, employed personnel and sales. 758 companies were consulted, responsible for sales of R$ 534 billion.  ASSESSMENTS REGARDING 2013 The profile of … Continue reading For 2014 Brazilian businesses expect to invest less and gain less

Latin America to grow by 3.2% in 2014

The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% performance of 2013, according to a new ECLAC report launched today at a press conference in Santiago, Chile. Panama will lead the pack with a growth rate of 7% in 2014, while powerhouses like Brazil … Continue reading Latin America to grow by 3.2% in 2014

Is Paul Krugman the architect of permanent slump?

by Ralph Benko Public intellectual Paul Krugman recently consigned to Hell, in a New York Times op-ed column entitled A Permanent Slump, the world economy. He wrote: [W]hat if the world we’ve  been living in for the past five years is the new normal? What if  depression-like conditions are on track to persist, not for … Continue reading Is Paul Krugman the architect of permanent slump?

Understanding Latin America’s Shortage of Innovative Entrepreneurs

Latin America and the Caribbean is a region of entrepreneurs. The share of business owners per capita is larger than in other regions at similar income levels. Still, according to a new World Bank report, “Latin American Entrepreneurs: Many Firms but Little Innovation,” the region’s future will depend on having more “transformational” entrepreneurs than it … Continue reading Understanding Latin America’s Shortage of Innovative Entrepreneurs

World Bank to improve Peru tourism

More than one million people will benefit from improvements in tourism services, appropriate solid waste management and disaster protection and prevention measures in the areas of Cusco, Calca and Urubamba, thanks to a US$35 million project by the World Bank that forms part of a broader Cusco Regional Government program. “Realizing the implementation of a … Continue reading World Bank to improve Peru tourism

Equities set to rise further in 2014

Equities are set to rise further in 2014 after the world returns to normality, with higher global growth and the end of easy money in the US. These are the key predictions of Robeco’s Chief Economist Léon Cornelissen in his outlook for markets next year. Stocks are Robeco’s preferred asset class for 2014, although returns … Continue reading Equities set to rise further in 2014

IMF sees Mexican economy on the right track

On November 25, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mexico. Over the last year, Mexico has maintained macroeconomic policy continuity, while pursuing an ambitious agenda of growth-enhancing reforms. Reforms have already been approved to upgrade education, make labor markets more flexible, and foster competition in … Continue reading IMF sees Mexican economy on the right track

British Airways to fly Rotterdam-London City

British Airways will - due to growing demand - open a new route between Rotterdam The Hague Airport and London City Airport in March 2014. The new service will see a Saab SF-2000 turboprop aircraft (leased from Eastern Airways) fly up and down five times a day. The 50-passenger Saab SF-2000 will be replaced from … Continue reading British Airways to fly Rotterdam-London City

The Aligment Factor launched on Brazilian market

The Portuguese version of Rotterdam School of Management Professor Cees van Riel’s highly acclaimed book entitled “The Alignment Factor – Leveraging the Power of Total Stakeholder Support”, published last year, has now been presented in Brazil as well with talks in Itaú, São Paulo and Belo Horizonte. Entitled “Reputação: o valor estratégico do engajamento de … Continue reading The Aligment Factor launched on Brazilian market

Global economy still recovering at moderate pace but more risks ahead

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook. Growth in the United States is projected at a … Continue reading Global economy still recovering at moderate pace but more risks ahead

Port of Rotterdam looks beyond 2040

The Port of Rotterdam Authority has had the Club of Rome models applied to the port of Rotterdam: what do the expected increase in the world population, scarcity of raw materials, agricultural land and fossil fuels, etc. mean for the development of the port in the period up to 2100? The study suggests that there … Continue reading Port of Rotterdam looks beyond 2040

Economic Climate Index for Latin America remains stable

The Ifo/FGV Economic Climate Index for Latin America (ECI) - developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – repeated in October the result of the last survey in July (4.4 points). The stability was determined by the combination of worsening … Continue reading Economic Climate Index for Latin America remains stable

ECB improves climate for equities

The surprise but welcome rate cut by the European Central Bank (ECB) has improved the climate for equities, says Robeco’s portfolio manager for Global Allocations. The rally in share prices driven by extra liquidity from monetary easing throughout this year is likely to continue, Lukas Daalder believes.  As a result, Robeco Asset Allocation has increased … Continue reading ECB improves climate for equities

EU citizens pay 20 times too much for traffic noise reduction

Until 2017, European governments will be spending  125 billion euros for noise barriers, quieter roads and measures related to the negative effects of traffic noise, including damage to health. However, by simply making cars quieter, the total cost to the taxpayer could be reduced by a factor of twenty. All the more remarkable, then, that … Continue reading EU citizens pay 20 times too much for traffic noise reduction

LatAm container handling growing at lower pace

The region's sluggish exports and slower growth prospects for the world economy carried over from late 2012 have accentuated the slowdown in port activity during the first half of 2013, according to ECLAC figures. Panama's Colon is still leading the region's container ports, followed by Santos (Brazil) and in third place Balboa (also Panama). Both … Continue reading LatAm container handling growing at lower pace

Latin American and Caribbean unemployment rate could fall to 6.2% in 2013

The Latin American and Caribbean region could end the year with an urban unemployment rate of between 6.2% and 6.3%, which would be slightly lower than 6.4% recorded in 2012, according to the latest projections from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). According to the … Continue reading Latin American and Caribbean unemployment rate could fall to 6.2% in 2013

IMF: Mozambique to improve business climate

An International Monetary Fund (IMF) team, led by Doris Ross, visited Mozambique during October 16-30, 2013, to hold discussions towards the first review under the three-year Policy Support Instrument (PSI) approved in June 2013. A summary of the team's findings follows below. The team met with the Prime Minister, Hon. Alberto Vaquina, and held policy … Continue reading IMF: Mozambique to improve business climate

Transport of empty containers a thing of the past

It is estimated that 25% (2.5 million TEU) of all containers shipped by road, rail or inland shipping are empty. The 'transport of air' is not only expensive and inefficient, it also impacts the environment more than necessary. InlandLinks, the port of Rotterdam's online intermodal platform, has developed an application to substantially reduce the transport … Continue reading Transport of empty containers a thing of the past

Mexico’s Zetas Are Not Finished Yet

By Scott Stewart and Tristan Reed During the question-and-answer portion of our quarterly Mexico Security Monitor webinar, we were asked a question pertaining to the current status of Los Zetas. The question was something to the effect of: "Some Mexican media outlets and analysts claim that Los Zetas have been dismantled as an organization and … Continue reading Mexico’s Zetas Are Not Finished Yet

Brazilian long-term challenges remain, says OECD

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive. Renewed economic dynamism will allow it to continue converging with more advanced economies and ensuring that disadvantaged groups share in the benefits of future growth, according to the OECD’s latest Economic Survey of Brazil. The report points … Continue reading Brazilian long-term challenges remain, says OECD

Details of the EU-Canada trade deal

Canada and the European Union last Friday reached a political agreement on the key elements of a Comprehensive Economic and Trade Agreement (CETA) after months of intense negotiations between EU Trade Commissioner De Gucht and Canadian trade Minister Ed Fast. It will be the first free trade agreement between the European Union and a G8 … Continue reading Details of the EU-Canada trade deal

Top 100 EU regulations cost the UK economy £27.4 billion a year

EU leaders will meet in Brussels this week to discuss ways to improve growth and competitiveness across Europe. Ahead of this meeting, Open Europe has published a list of the 100 most costly EU regulations to the UK economy. Using data from the UK Government’s impact assessments of these rules, Open Europe estimates that the top … Continue reading Top 100 EU regulations cost the UK economy £27.4 billion a year

A tycoon bites the Dutch dust

Lebanese-Mexican tycoon Carlos Slim appears to have lost a major battle in his bid to control Dutch telecoms firm KPN, as he has cancelled his América Movil company’s announced bid for a majority of the telecom firms shares. It its statement of October 16th, América Movil blamed KPN’s obstructive and non-cooperative stand. As we noted … Continue reading A tycoon bites the Dutch dust

Japan, C Europe show fastest employment growth

The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.1% in the second quarter of 2013, 0.1 percentage point higher than in the previous quarter. This was still 1.4 percentage points below the level recorded in the second quarter of 2008, the quarter preceding the … Continue reading Japan, C Europe show fastest employment growth

G20 inflation slows to 3.0 % in August 2013

Annual inflation in the G20 was 3.0 % in the year to August 2013, down from 3.2 % in the year to July 2013. The G20 aggregate reflects diverging patterns among the world’s largest economies. India, Argentina, Indonesia and Turkey experienced the highest annual inflation rates (equal to or above 8.0 %) in August 2013, … Continue reading G20 inflation slows to 3.0 % in August 2013

Emerging Europe and Central Asia on the rebound

Economic growth in the Emerging Europe and Central Asia (ECA) region suffered during the global financial and Eurozone crises but has started to rebound, with projected modest growth rates of 2.2. percent in 2013 and 3.1 percent in 2014, World Bank officials said at a press briefing during the 2013 World Bank/IMF Annual Meetings. However, … Continue reading Emerging Europe and Central Asia on the rebound

Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the year-earlier period in 2012, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the … Continue reading Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Peru, Panama are Latin America’s fastest growing economies

Latam forecasts go from rates at or below 1 percent for Jamaica and Venezuela, to Asian-style growth rates of 5.5 and 8 percent for the two best performers in the region in the past decade, Peru and Panama, respectively. Reassuringly, a good number of mid-sized Latam countries (such as Argentina, Chile, Colombia, Costa Rica, Ecuador, … Continue reading Peru, Panama are Latin America’s fastest growing economies

Intercultural communication? Just be yourself

By Arnout Nuijt Many, many years ago, he was “my first Mexican”, the diplomat who came to visit us at our office. He never knew it, but he taught me the risks of cultural profiling, the generalisations and assumptions we make of the world’s different cultures and their ways of doing business, aka intercultural communication. … Continue reading Intercultural communication? Just be yourself

Once Made in Rotterdam: Netam electric vehicles

Now and then Rotterdam Week will focus on historic innovative industries in the greater Rotterdam region. In a first of this series, we take a look at the Netam-L-Car. During the German occupation of the city, in 1941, the Netam company (aka NV Nederlandsche Tank-Apparaten en Machinefabriek “Netam”) developed a number of electrically propelled vehicles … Continue reading Once Made in Rotterdam: Netam electric vehicles

Philippines to outperform other Asian economies

Developing East Asia is growing at a slower pace but the Philippines expects to buck this trend in the next three years, says the World Bank's East Asia and Pacific Economic Update. The positive forecast for the Philippines is attributed to strong private consumption on the back of vibrant remittances, continuing expansion of business process outsourcing … Continue reading Philippines to outperform other Asian economies

Moody’s downgrades Petrobras as it turns 60

As  Petrobras turned 60 years old on October 3rd, Moody's Investors Service downgraded its global foreign currency and local currency debt ratings to Baa1 from A3. The downgrade reflects Petrobras's high financial leverage and the expectation that the company will continue to have large negative cash flow over the next few years as it pursues … Continue reading Moody’s downgrades Petrobras as it turns 60

The Gold Standard is no fairy tale

by Ralph Benko Once upon a time — September 17th — Reuters published a delightfully preposterous blunderbuss of a blog. It served up a one-sided attack on conservatives.  It did so as part of what it calls The Great Debate. Well, a debate has two sides. This was A Great Soliloquy. Here’s the side Reuters … Continue reading The Gold Standard is no fairy tale

Economic Sentiment rises further in both the euro area and the EU

In September the Economic Sentiment Indicator (ESI) increased by 1.6 points in the euro area (to 96.9) and 2.4 points in the EU (to 100.6). The sharp increase in the EU brought the indicator above its long-term average for the first time since July 2011. The Directorate General for Economic and Financial Affairs (DG ECFIN) … Continue reading Economic Sentiment rises further in both the euro area and the EU

Wearable technology is coming and it is connected

By Leo Beerden GADGET REPUBLIC Gadgets are gadgets because they are novelties, nice-to-haves, but essentially superfluous. Oh, really? They used to be anyway. But that was before we started carrying them around and trust them with our precious data. So what will happen once we’ll start wearing our gadgets while connecting them? Connected wearables will … Continue reading Wearable technology is coming and it is connected

Mr Eike Batista’s incredible X-factor

By Arnout Nuijt In April 2010 I visited the EBX head offices in Rio together with a couple of foreign business reps. They were both seasoned fellows, gentlemen who had been everywhere and seen it all. For reasons of discretion, let’s call them the Accountant and the Banker. We were curious about EBX, the expanding … Continue reading Mr Eike Batista’s incredible X-factor

How a small band of heroes saved the internet and how Hollywood is trying to pirate it again, Part II

By Ralph Benko Continued from last week. Two years ago, Hollywood, no kidding, masterminded a plot to, in effect, steal the Internet (by criminalizing certain conduct, booby trapping the Web in ways that few non-mega-corporations can cope with).  There are signs, as perceptively flagged by the Electronic Frontier Foundation, that the perps are back at it. … Continue reading How a small band of heroes saved the internet and how Hollywood is trying to pirate it again, Part II

How the internet was saved from Being Hijacked: Now Beware SOPA 2.0

By Ralph Benko Two years ago, Hollywood, no kidding, masterminded a plot to, in effect, steal the Internet (by criminalizing certain conduct, booby trapping the Web in ways that few non-mega-corporations could cope with).  There are signs, as perceptively flagged by the Electronic Frontier Foundation, that the perps are back at it. We should care. This two-part … Continue reading How the internet was saved from Being Hijacked: Now Beware SOPA 2.0