Latest news with #globalization
Bloomberg
2 days ago
- Business
- Bloomberg
Trump Tariffs Have US Eateries Rethinking That Dutch Gouda
For decades, American restaurants have largely taken for granted that imported foods would be readily available at reasonable prices, thanks to decades of globalization and free trade. Toasts topped with Mexican avocados have crept into nearly every brunch menu and saffron from Spain is used in rice at popular counter-serve eateries such as Mediterranean-focused Cava. Sushi featuring Asian fish is ubiquitous.
Yahoo
3 days ago
- Business
- Yahoo
Yeahka Obtains MTL Payment License in U.S., Accelerating Its Globalization Strategy
Yeahka has once again obtained a significant payment license. HONG KONG, May 29, 2025 /PRNewswire/ -- Recently, Yeahka ( a leading payment-based technology platform, has been granted the Money Transmitter License (MTL) by the financial regulatory authorities in Arizona, USA. This marks another important milestone in Yeahka's journey towards globalization since obtaining the Money Services Business (MSB) license. Obtaining the MTL license in the United States requires a complex and time-consuming process, involving multiple procedures and rigorous evaluations. Typically, companies must firstly apply for the MSB license as a prerequisite before applying for MTL licenses in individual states to comply with local regulations. Yeahka's successful acquisition of the MTL license reflects the recognition of its products, compliance standards, and overall strength by U.S. financial regulators. With both MSB and MTL licenses in place, Yeahka can now offer secure, compliant, and efficient payment services to users, laying the foundation for further expansion in the American market. Overseas expansion has been a key focus for Yeahka in recent years. Since commencing its overseas market exploration in 2021, Yeahka has prioritized compliance, actively pursuing licenses in various regions, including the MSO in Hong Kong, MPI in Singapore, and MSB in the United States. It has launched services such as local wallets, overseas wallets, credit cards, joint acquiring, foreign exchange, and cross-border remittances, providing secure, convenient, and efficient digital financial services to customers worldwide. To accelerate market penetration and enhance customer loyalty, Yeahka has strengthened internal synergies while advancing its globalization strategy. This includes diversifying payment channels, efficient service delivery capabilities, and overseas investments, enabling the company to tap into new industries such as automotive, luxuries, beauty, and entertainment. Notable clients include Clinique, Arabica, Bose, and Leica Camera, among others, reflecting a more diversified client base and stronger business resilience. In 2024, Yeahka's overseas business experienced rapid growth. According to the latest financial data, the company's overseas transactions for the year exceeded RMB 1.1 billion, a five-fold increase year-over-year, showcasing its robust market expansion capabilities and customer recognition. View original content: SOURCE Yeahka Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Jazeera
4 days ago
- Entertainment
- Al Jazeera
Cultural Appreciation or Cultural Appropriation?
Where's the line between sharing a culture and stealing it? In a globalised world, borrowing is easy – but honoring is harder. We explore everything from re-branded recipes to re-imagined identities. What's at stake when heritage becomes a trend? Presenter: Stefanie Dekker Guests: Fadi Kattan – Chef and author Richie Richardson – Professor at Cornell University Nikki Apostolou – Content creator
Forbes
4 days ago
- Business
- Forbes
Henley Wealth Report 2025: US Tops Global Wealth Growth
As globalization has expanded, residence and citizenship have become hot topics among the growing number of people traveling, working and living internationally. A country's (and its cities') global status and wealth can have a significant impact on its success as a travel destination—be it as an aspirational place to visit, an investment hub or a lifestyle magnet. Times Square, 'the Crossroads of the world', in New York—more popular and rich than ever. getty In its annual Wealth Report for 2025, wealth and investment migration specialists Henley & Partners in collaboration with global data intelligence firm New World Wealth places the US firmly atop the world's rankings as the foremost private wealth hub. Home to more than six million high-net-worth individuals (HNWIs) with an investable wealth of at least $1 million, that translates to an incredible 37% of the world's millionaire population. This dominance carries on even as you add zeros, with 36% of the world's $100+ million centi-millionaires and 33% of its billionaires also living in America, figures that don't quite tally exactly with Forbes' own list of cities with the most billionaires thanks to Henley's differing methodology. From 2014 to 2024, the US saw a 78% increase in its millionaire population to lead the W10 list of the 10 wealthiest countries in the world by millionaire population. Just behind is China that enjoyed 74% growth but is still far behind the US in terms of resident millionaires. By contrast, all other W10 countries have seen much slower growth over the same period, with the UK even suffering a 9% drop in its millionaire population—potentially a sign of economic stagnation post Brexit. Of the remaining W10, Australia's millionaire population increased by +30%, Switzerland's by +28%, Canada's by +26%, Italy's by +20%, Germany's by +10%, France's by +7% and Japan's by +5%. Of the world's wealthiest cities in 2025, four in the US appear in the top ten according to Henley's report, highlighting the continued dominance of America's traditionally wealthy hubs, almost all of which are major tourist hubs as well. Silicon Valley and the rest of the Bay Area saw huge wealth growth, down in no small part to the tech industry. Apple HQ, Cupertino. AFP via Getty Images New York remains the wealthiest city not only in the US but also the world. It's followed by the Bay Area, which includes San Francisco and Silicon Valley, also home to the highest concentration of billionaires with 82 residents. The Bay Area also saw the highest wealth growth of any top 10 US city, its millionaire population surging by 98%. Not far behind are Los Angeles, Chicago, Houston and Dallas, the latter two in particular seeing serious growth with 75% and 85% increases in their millionaire residents respectively. Rounding out the top ten are Seattle, Boston, Miami and Austin, the last two again demonstrating real growth with 94% and 90% millionaire growth respectively. The report also highlights the rapid rise in emerging wealth hubs, pointing to their growing appeal and popularity among the world's wealthy and mobile. Scottsdale has emerged as the fastest growing city by millionaire population with a huge 125% increase over the past decade. Close behind is West Palm Beach with a 112% rise. Blessed by nature, tourist-friendly Scottsdale is attracting millionaires faster than anywhere else in the US. getty Each is a showcase of broader demographic and economic shifts driven by a fast-expanding tech sector, skilled professionals and favorable regulatory conditions. As the city's fortunes right (both real and metaphorical), we can expect an increased interest in tourism as their facilities and brands improve in the global eye. David K. Young, President at the Committee for Economic Development of The Conference Board (CED), points out in the report that 'despite a wave of policy changes and their subsequent implications around the world, the relative political stability, rule of law, economic prospects, culture of innovation, not to mention the US dollar remaining the global reserve currency, have squarely positioned the USA as an environment in which to do business and to invest.' To find out more, read the full USA Wealth Report 2025.
Russia Today
6 days ago
- Politics
- Russia Today
Nasser's grandson warns of US-led neocolonialism
The US has evolved from a former colony into a leading neocolonial power, Gamal Abdel Nasser Jr. has told RT. In an exclusive interview ahead of International Africa Day, the grandson and namesake of Egypt's second president and leader of the 1952 Revolution warned that today's empires no longer rely on direct conflicts, but dominate through international institutions, sanctions, and economic control. According to Nasser, the legacy of anti-colonial resistance must be revived in the face of modern Western domination, which disguises itself under terms like 'progress', 'human rights', and 'globalization'. 'My grandfather shattered the myth that the West's authority was absolute,' he said, recalling how the 1956 nationalization of the Suez Canal was not just about infrastructure, but about 'reclaiming national dignity' and challenging imperial power. 'He broke the mental monopoly that had long told our people they cannot resist… cannot rule their own destiny.' He went on to say that 'a new form of dominance' has returned through media, schools, and international institutions that dictate values and erase cultural heritage. He argued that today's Western 'globalist elites' have replaced the colonial powers by telling nations how to live, what to believe, and trying to 'rewrite culture, biology, and morality.' He stressed that the US – once a colony – has now inherited the role of imperial enforcer, particularly in the Middle East and Africa. Nasser accused Washington of using international policy, sanctions, and military operations to intimidate or replace those who have power to suit its own needs. He went on to say that every recent US campaign in the region has been linked to natural resources, including in Iraq, Afghanistan, Libya, Syria, and Gaza, which US President Donald Trump recently suggested turning into a Middle Eastern Riviera under Washington's control. According to Nasser, these are all examples of resource-driven agendas masked as humanitarian intervention. 'The notion that America could just own a sovereign territory further adds to the suspicion that there is a strong neocolonial tendency on the part of the US and its old colonial allies,' Nasser said, adding that this new Western 'tyranny... will one day collapse.' 'The revolutionary spirit must rise again… A new generation is awakening, proud of their roots, unafraid to speak, and unafraid to think freely. The monopoly of minds, like the colonialism before it, will surely fall. And when it does, the world will remember that freedom begins with the courage to say no,' he stated.
