The land grab for internet users in India is in full swing and nowhere more so than in ecommerce. India now has the second largest number of internet users in the world, behind China, but this still means that about 65% of India’s population is not yet on the internet. While there are many Indian tech companies there are surprisingly few independent internet players, leaving the field open to the internet giants of the world. Google, with a historically impenetrable 96% market share in India, is facing serious competition from Chinese search engine giant Baidu. Amazon and Alibaba are dividing up online retail, gobbling up homegrown talent while Uber, Facebook and others all look for a slice of the cake.Read More
International Business and Technology Blog
Is India’s online world finally coming of age?
Lured by the potential size of the market, an intrepid US manufacturer we know started exporting to India in early 2012. While it found willing in-market partners, the challenge of complex tax structures, patchy infrastructure, poor logistics and out-dated payment systems, meant that its B2B and B2C sales objectives were far from achieved. Yet this year, fortunes appear to be changing.Read More
The term Nordics describes a geographical and cultural region in Northern Europe and the North Atlantic, comprising 5 countries: Norway, Sweden, Denmark, Finland and Iceland.
Much envied with regards to their wealth, open societies, technologies and, of course, well-being. Non-Nordics wonder how do they do it? How does a vast region with just 25 million people, speaking 4 languages, generate a GDP of $850Bn, making them amongst the richest countries in the world and ranking 6th in theEuropean Union (EU) after Germany, the United Kingdom, France, Italy and Spain and they all seem to be so happy?Read More
How many languages can you speak sufficiently well to communicate with your fellow humans? Today's hyper-connected world enjoys approximately 6,500 languages, shared amongst >7 Bn people spread across >169 countries. So how do you feel now? Belittled? I do. Language, and communication between differing languages, is an issue that humankind has faced for a wee while now. Now, where did all these languages come from?Read More
We all know Bruce Springsteen’s view on getting paid. Clearly, the European Payments Council (EPC), the decision-making and coordination body of the European banking industry in relation to payments, charged with developing the Single Euro Payments Area (SEPA), had the Boss in mind, when scoping out this innovative program.
Every year, the European Union's (EU) 28 countries import 100’s of billions of dollars worth of goods and services from the USA. This year, the figure is expected to be >$0.5 Tn. In 2013, the USA and the EU remained, and have always been, each other’s largest export/import (>$1 Tn annual flow) and investor partners (>$300 Bn annual flow). This is not a new situation, the transatlantic relationship is key for US exporters, and is not one that is likely to change in the near future.
European economic ills are back in the financial headlines, as GDP numbers disappoint. I was enjoying not being gloomy, a little bit upbeat, reporting on steady economic upticks. This was supposed to be the turnaround year. How quickly that can change. We now know that the Eurozone economies (18 of them) collectively failed to grow in Q2.2014. You might like to know who and why.
Overall an interestingly +ve picture of the EU economic growth. But as they say the devil is in the detail, so we are here to help you know your EU markets and sectors. The story remains coherent with eastern and northern European economic growth well established and continuing, but the southern countries such as Greece, Italy, France and Spain (to be watched as the next turn-around case study) remain stubbornly at zero or worse.
The USA has over 250 Foreign Trade Zones (FTZ) with different rules, processes, advantages and tax implications. But what is a Foreign Trade Zone? It is a secure area defined by US law as being outside the Customs Territory of the USA. They are associated with an air or sea port of entry, no duty is paid upon admittance and in certain states local and federal taxes are eliminated. Once the goods leave the FTZ and enter the USA then US Customs Territory, duty and taxes apply.
UK’s international exporters’ hopes for improvement are rising strongly, according to a new report released by the British Chambers of Commerce (BCC). Their research shows that 72% of exporting firms have confidence in their turnover for the first quarter in 2014. The survey conducted by the BCC and DHL gives us insight into the current health of the UK market.