world news

View from Asia: why Asia needs to nurture its tourism offering

Asia outstrips the world for tourist arrivals and is still experiencing growth. Constant maintenance and upgrade are essential to maintain this lead.




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Kazakhstan SWF makes international move

Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has approved a new 2018 to 2028 strategy that will eventually expand its investment activity beyond the domestic market.




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Industry minister seeks to put Afghanistan back in business

Ajmal Ahmady, Afghanistan's minister of industries and commerce, outlines government efforts to make the country more conducive to business.




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Where now for Hong Kong?

The social turmoil in Hong Kong has triggered an economic crisis, raising questions over the special administrative region’s future as a major financial hub on mainland China’s doorstep. 




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BASF kicks off China megaproject

German chemical giant BASF has begun construction of its $10bn mega project in southern China, which will be the country’s first wholly foreign-owned chemical complex. 




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Pakistan’s UK high commissioner hails land of opportunity

Mohammad Nafees Zakaria, Pakistan’s UK high commissioner, talks about his country’s potential for foreign investors.




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Chinese investment to Europe at record high

Sino-European foreign direct investment is converging, according to data from fDi Markets.




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Zibo hopes to score investment goals

The eastern Chinese city of Zibo is recognised as the official birthplace of football. However, its local government is hoping it will soon be known for its excellence in the chemical, medical and manufacturing industries.




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Is Pakistan back on the tourist trail?

Having experienced issues with security and bureaucracy for decades, Pakistan is making a comeback as a tourism destination. However, foreign investors have yet to make their presence felt in the sector.




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View from Asia: the crippling effect of coronavirus

China's coronavirus outbreak is having a seismic effect in Asia and beyond, writes Lawrence Yeo.




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Kyrgyzstan ramps up efforts to improve image

Kyrgyzstan is trying to stabilise a volatile business environment by diversifying its economy away from gold and remittances, and employing an ombudsman to reassure investors. 




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Trade tensions hit South Korea FDI

The situation between the US and China is bad news for South Korea’s investment climate.




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Balochistan representative hails new dawn

Sardar Popalzai, president of the Balochistan Economic Forum, talks about the blue economy and the Pakistani province’s tourism potential.




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Zonamerica looks beyond Latin America for expansion opportunities

Uruguay-based Zonamerica has successfully expanded into Colombia and China, and is now looking to export its model to other parts of Asia and Africa.




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View from the Americas: the evolving political economy of FDI

We are currently in a state of heightened business and economic disruption and sociopolitical activism, which only looks set to intensify. 




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Mexico teams up with Singapore to launch Tehuantepec trade corridor

President Obrador aims to mobilise billions in public and private investment to create an alternative to the Panama Canal along the Tehuantepec corridor. 




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Uruguay ‘best country to invest in’

US News report ranks investable countries, with surprise results at the top.




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Jamaican tourism minister seeks to explode myths

Edmund Bartlett, Jamaica’s minister of tourism, talks about key investment opportunities and the need for better international reporting when natural disasters strike.




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FDI health checks could boost emerging markets

US-led vetting and certification of big-ticket projects may go a long way to allaying western investor concerns about rule of law and transparency issues, says intelligence firm Alaco’s head of content.




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Will FDI screening become the new norm?

The trend towards the vetting of foreign investment, especially projects that involve advanced technology and national data or pose potential security threats, is on the rise. David Gabathuler and Matthew T West give a trans-Atlantic perspective.




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ECCB governor hopes for digital currency boost

The Eastern Caribbean Central Bank is to launch a digital currency for the benefit of its dispersed island economies – essential to a region that has been disproportionately affected by climate change-induced disasters, governor Timothy Antoine tells fDi.




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The winners and losers of the USMCA

Early reports on the new trade agreement between the US, Mexico and Canada – known as the USMCA – suggest that the US is getting the better end of the deal. But what are the implications of the new rules of origin?




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Microsoft makes a crossborder connection in North America

While governments grow more protectionist over trade and physical borders, companies such as Microsoft are bridging the gap by funding international collaborative enterprises.




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View from the Americas: time for action on SDGs

Giant investment firm BlackRock throwing its weight behind sustainability issues is sending a signal to the corporate world to respond urgently to global calls for action, writes Gregg Wassmansdorf.




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Brazil sees FDI boost in 2019

Brazil’s FDI flows were boosted in 2019 by the government’s privatisation programme.




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How venture capital helps start-ups expand globally

Venture capital funding has reached record levels in recent years, enabling start-ups to expand across borders – but their ability to do this depends on their type of business, and where they are founded.




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Wrocław tops fDi's 2020 Return on Investment ranking

Poland’s Wrocław has turned in a stellar performance in fDi’s Return on Investment study, landing the city the top slot in the Return on Budget and Return on Personnel Investment categories. 




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The Global Lawyer: Is NAFTA 2.0 a litigator's dream?

Replacing the “nightmare” that was Nafta was a dream of US president Donald Trump – but its replacement appears to favour few groups except for dispute resolution firms.




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Latin America embraces China's Belt and Road with enthusiasm

Up to 18 countries across Latin America have joined China’s new Belt and Road Initiative, hoping to boost their infrastructure development and investment.  




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Biotech's new battlegrounds

Scientific innovation, a conducive regulatory climate and increased globalisation of drug markets are driving an investment boom in biotechnology, with small companies and emerging markets shaking up the sector.




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Bolivian minister hails tourism increase

Marcelo Eduardo Arze García, Bolivia’s vice minister of tourism, tells Sebastian Shehadi why tourists are turning their attention to one of South America's less explored destinations. 




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In quest for bigger batteries, California mulls pumped hydro

As the sun sets on California’s solar farms, a backup energy source deep in the Sierra Nevada Mountains springs to life.




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FERC's data shows US renewable generating capacity has surpassed coal

According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), U.S. electrical generating capacity by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) has now - for the first time - surpassed that of coal.





world news

China's Jinko Solar sees more foreign sales as domestic market shaky

JinkoSolar Holding Co., the world’s biggest solar panel maker, sees China’s photovoltaic power additions slumping this year and a greater share of its revenue coming from overseas amid uncertainties over Beijing’s new policies.




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Tower sections of GE’s 12-MW offshore wind turbine shipped to prototype site

GE Renewable Energy announced the shipment of the four tower sections that will be part of GE’s Haliade-X 12 MW prototype to be installed later this summer in Maasvlakte-Rotterdam (NL). The four segments at tower manufacturer GRI’s site in Seville, will be arriving in the Netherlands before the end of the month.




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President inaugurates Bolivia’s 69-MW San Jose II Hydroelectric Plant

Bolivian President Evo Morales has inaugurated the 69-MW San Jose II Hydroelectric Power Plant in the municipality of Colomi, department of Cochabamba.




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Scottish Power to install biggest battery in Europe at windfarm

The Scottish government has given utility Scottish Power the go-ahead to install Europe’s biggest industrial-scale battery to date to store energy generated at the 539MW Whitelee onshore wind farm.




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Siemens inaugurates world’s largest electrothermal energy storage system

Siemens Gamesa Renewable Energy (SGRE) said that is has begun operation of its electric thermal energy storage system (ETES), a milestone in the development of energy storage solutions, according to the company.




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Remote Chinese region looks to set new clean-power record

A sparsely populated Chinese province that’s home to the headwaters of the Yangtze and Yellow rivers is attempting to set a new record for clean energy use, serving as a test bed for the entire country.




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Sweden's EV boom under threat as electricity demand outstrips capacity

Sweden’s ambitious plan to drastically cut emissions from transport by bringing millions of electric cars onto the road could be derailed by a lack of power capacity for new charging stations in major cities.




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Six Flags Great Adventure now powered by 23.5-MW solar array

On Wednesday in New Jersey, the world’s largest regional theme park company and the largest operator of waterparks in North America said that its New Jersey park, Six Flags Great Adventure, is now powered by solar energy.




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Statkraft announces plans to build 51.6-MW Los Lagos hydropower plant in Chile

Statkraft announces it has decided to start construction of the 51.6-MW Los Lagos hydropower plant in Chile. The construction is planned to commence in August and completion is scheduled for second half of 2022.




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Trump exempts bi-facial solar modules from import tariffs

In an announcement that was celebrated by the solar industry, yesterday U.S. trade officials said that bi-facial solar modules, which are solar modules that produce energy on both sides of the panel, would be exempt from import tariffs.




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Target commits to 100 percent renewables; signs PPAs to purchase wind and solar energy

On June 12, Target corporation said it was increasing its renewable energy goals by committing to source 100 percent of its electricity from renewable sources by 2030. The goal applies to all of Target’s domestic operations.




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New White Paper explores grid parity and the solar renaissance

Today, solar power has become cheaper than the production cost of any other existing conventional power generation technology. The arrival of grid parity heralds a milestone in the history of energy production. It means solar energy being commercially viable without any subsidies or state support; producing energy with the lowest possible environmental impact.




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California Energy Commission gives $3M grant to pair energy storage and fast EV charging

Natron Energy said that the California Energy Commission (CEC) awarded it a $3 million grant for “Advanced Energy Storage for Electric Vehicle Charging Support.” Natron will use the money to manufacture and install a high powered, long cycle life energy storage system at an EV Fast Charging station.




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Iowa officials consider energy storage tax credit, ‘value of storage’ study

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.




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Renewable energy market employs 11 million in 2018 – IRENA

Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA).




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Argentina opens 122.4-MW Bicentennial Wind Farm

The 122.4-MW Bicentennial Wind Farm has been inaugurated in the Santa Cruz province of Argentina and is currently the largest wind farm in the country, according to BNamericas.