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Mario Draghi of Italy Has Been Nominated as Next Head of the European Central Bank
Draghi is the appointed head of Bank of Italy, the country’s central bank. On Dec. 29, 2005 he served on the 23-member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro. He has also headed the Financial Stability Board, formerly the Financial Stability Forum, from [...]
Read MoreWhen Securing Your Proprietary Information Overseas is a Priority
Our security partner, Starside Security, had these suggestions to make to our clients regarding the protection of their proprietary information. This just touches the tip of the iceberg, and I whole-heartedly suggest that for all of your international security needs, you contact them. I wouldn’t want to leave home without knowing they’re in our corner, [...]
Read MoreLife-Lessons: Can Facebook Escape Google’s Fate in China?
What do Google and News Corp have in common with Facebook? Both of these companies entered China refusing to accept the political nature of these industries. They thought they could negotiate it. Or manage it. They thought they could move things in the right direction over time. Both invested money and years of effort and [...]
Read MoreWhy a BMIA Analysis of Wenzhou Economics in China Can Help Western Banks
What are the Wenzhou dynamics that are influencing Chinese investment in the west and encroaching about Western banking share in these deals? Due to both Wenzhou’s cultural and geographical remoteness and its lack of natural resources (land, minerals, etc.), the Chinese central government has left the people of Wenzhou relatively autonomous. Away from the center [...]
Read MoreThe Battle between Chinese Suppliers and Western Customers
Universal Consensus clients have been lamenting about the growing difficulty of doing business in China. Apart from the insatiable bureaucracy, the cost of labor is continually rising, significantly reducing one of the most attractive components of doing business in China, and encouraging some of our clients to consider their manufacturing needs elsewhere in Asia. Last [...]
Read MoreBest Practices: Meeting the Current Training Needs of U.S. Businesses
The gap between the global business world and the business classroom is wide and needs to be bridged by focusing more on interactive approaches. A recent article in The Economist suggests that what U.S. business leaders need is a more practical, hands-on approach to training, which recognizes management as a craft. Data analysis and strategy [...]
Read MoreBringing Future US-China Leaders Together
Bringing Future US-China Leaders Together: How The Washington Center Helped 60 Young Leaders from the US and China Build New Ties, Break Stereotypes and Build Long Lasting Friendships The Washington Center is promoting a program that is aimed at cultivating leaders with a global mindset, in particular building U.S.-China relations. At Universal Consensus we’re hoping [...]
Read MoreTrucker Strike in Shanghai Threatens to Delay Cargo
On April 20, 2011, we received word from our freight forwarding experts , World Trans, Inc., that their Shanghai office was receiving reports that striking truckers are gathering at the WGQ port area to block access to the port. Several non-Shanghai based trucking companies had organized the strike to protest the tariff mark up of [...]
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