A country who attracted manufacturers for its low wages and technological innovations is set to becoming one of the fastest growing economies in the world. Recent reforms and geopolitical transformations, along with a young population, led to India’s economy surpassing the United Kingdom to become the 5th largest economy in the world.
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Just like that one high school couple, Canadian Pacific and Kansas City Southern are back together. KSU had been hitting the gym recently so CP had to step up with a $31 billion bid, up from its initial $29 billion offer.
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With its growing exposure to the rest of the world, China has established itself as an important supplier, provider, and market of capital. According to the McKinsey Global Institute, which is ranked the top think-tank in the world for private sectors, China accounts for 35 percent of global manufacturing output.
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As of November 15th, 2020, Asia Pacific nations including China, Japan, and South Korea have officially signed the world’s largest free-trade agreement.
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It is fitting that in a year as uncharacteristic as 2020, the stock market has experienced unprecedented volatility. When Wall Street opened its doors on January 2nd, no broker could have predicted that the Dow Jones would plummet 10,000 points over the course of three months, a historic meltdown that culminated in a 37% drop from the all-time high of 29,569.58 achieved in February. Such a nosedive was largely because of the Dow’s performance on March 12th, a day that investors refer to as “Black Thursday” due to the market falling 2,300 points.
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