China Overtakes U.S. as Top Country for Foreign Investment

According to data from the United Nations, China was the largest recipient of new foreign direct investment in 2020, overtaking the U.S. for the first time. The Chinese economy brought in $163 billion in investment as the coronavirus outbreak spread across the world. That compares to the $134 billion attracted by the United States.

Biden Signals Support for Africa

President Joe Biden, who promised to increase partnerships with Africa, said he plans to attend the next African Union summit.

In a video message to this weekend’s African Union summit, Biden promised to work with Africans on his key priorities of fighting the virus and climate change and also to advance diplomacy to end the continent’s conflicts.

PROMATDX Online Trade Event

In these unprecedented times, supply chain solutions are more critical to business success than they have ever been. To answer this call, MHI created the ProMat Digital Experience (ProMatDX), a new digital event experience designed to power up manufacturing and supply chain professionals with critical access to the latest solutions they need now to improve the resiliency and agility of their operations.

ProMatDX combines the power of the connections, solution-sourcing and education that only ProMat can deliver with the latest digital event technology in a five-day event that will be the most important week of 2021 for the manufacturing and supply chain industry.

Attending ProMatDX is your unrivaled opportunity in 2021 to find solutions, connect with your peers and leading solution-providers and learn the latest trends and technologies that will take your supply chain to the next level of success.

April 12-16: Online Trade Show

Learn more and register now.

Court Orders Shell to Pay Compensation for Oil Spill in Nigeria

A Dutch appeal court says that the Nigerian subsidiary of Royal Dutch Shell was responsible for oil pipeline leaks in the Niger Delta and ordered it to pay unspecified damages to farmers.

Biden Selects Raimondo for Commerce Department

President Joe Biden has nominated Rhode Island Gov. Gina Raimondo, a former venture capitalist, as the next secretary of the U.S. Commerce Department.

Jack Ma’s Appearance Sends Alibaba Stock Soaring

Alibaba CEO Jack Ma resurfaced in public for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Alibaba Group Holding Ltd.’s stock soaring but left plenty of unanswered questions about the billionaire’s fate.

Six park rangers shot and killed in mountain gorilla sanctuary

At least six park rangers were shot and killed and several others wounded Sunday in Virunga National Park in the Democratic Republic of Congo.

Biden Announces Economic Team

Biden Announces Economic Team

Biden Announces Economic Team

Global Economic Outlook 2021