Bjarne Tellmann is senior vice president and general counsel at GSK Consumer Healthcare, a joint venture that combines the consumer brands of GSK and Pfizer. He speaks to Global Finance about the intersectionality of his work.
Household saving is defined as the difference between a household’s disposable income and its expenditures on goods and services. During the pandemic it rose to historical highs everywhere.
On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ...
The results showed an interesting trend. Major oil and energy exporters —like Canada, Algeria and Gabon—found themselves on negative watch alongside Tanzania, which is suffering as a result of the strength of the US dollar, and Madagascar, suffering as a result of its political instability. At the same time, Coface’s risk assessment of China was downgraded, owing to concern about the level of private debt held by consumers, particularly in comparison with that held by other emerging economies. The Czech Republic, Portugal and Vietnam, on the other hand, were all upgraded. For us at Global Finance, it was one more sign that defining countries as developed or emerging markets is no longer useful or even appropriate, as diversification grows within each group and region.
The announcement of these changing risk profiles coincides with the World Bank’s recent forecast that growth in developed economies will be stronger for a few years than in the developing world—albeit with several important exceptions. This inversion in the growth pattern of developed versus emerging economies is exemplified by the smallest gap in 15 years in overall GDP growth figures between the two blocs.
In this relatively new environment, our cover story on Big Data and its increasing usage in the corporate world highlights another important trend. Technology—and the never-ending parade of new apps and their associated reams of data—influences almost every individual, and certainly every company, in the world. Political and economic uncertainty might affect the amount of money that a single company or industry is investing in the use of Big Data, but the trend is clear. And the effects of that trend are just beginning to show on society and on the corporate world.
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