This data references the 2019 study by Value Champion (refer to URL below) to determine the best cities for millenials to live and work.
According to Value Champion, many young people are willing to move abroad in order to pursue personal and career opportunities. In fact, the World Economic Forum found that 4 out of 5 millennials would be willing to relocate internationally for work.
Thus, this study will provide useful reference points for European startups looking to recruit millenials into their workforce.
The US Entity List is a list published by the US Department of Commerce which contains a list of foreign persons and/or organizations that are subject to licensing requirements. U.S. companies wishing to export products and equipment to these foreign persons or organizations must apply for a license from the Bureau of Industry and Security, an agency under the U.S. Department of Commerce.
If the review policy for these foreign persons or organizations is listed as Presumption of Denial in the entity list, then any license applications are unlikely to be granted. Based on public information from the US Department of Commerce (as of 21 May 2019), there are currently 1138 foreign persons or organizations under the Entity List.
Regions with the most listed foreign persons or organizations
As of 21 May 2019, 467 foreign persons or organizations from Europe are listed under the Entity List, of which 313 entities are based in Russia. 360 foreign persons or organizations from Asia are listed under the Entity List, of which 143 entities are based in the People's Republic of China. The region with the third most entities in the Entity List is Middle East, with 259 foreign persons or organizations from the United Arab Emirates, Iran, Afghanistan and others.
Top Chinese Banks. China had the most number of top banks in Asia (eighteen in total), holding close to US$23.76 trillion in assets. The top 4 largest banks in the world by assets hail from China's "big four" banks.
The "Big Four":
1. Industrial and Commercial Bank of China. Holding a total asset size of more than US$4 trillion, the Industrial and Commercial Bank of China (ICBC) is the largest bank and financial institution in the world by total assets, deposits, loans, number of customers and number of employees.
2. China Construction Bank Corporation. Founded on 1 October 1954 and based in Xicheng District, Beijing, the China Construction Bank Corporation comes in as the second largest bank in the world with US$3.4 trillion in assets.
3. Agricultural Bank of China. The Agricultural Bank of China or ABC is founded in 1951 and headquartered in Dongcheng District, Beijing. It holds around US$3.23 trillion in assets and is ranked as the 3rd largest bank by total assets in the world.
4. Bank of China. One of the earliest banks in China, Bank of China or BOC's history began in 1905 as Daqing Hubu Bank before officially renamed as the Bank of China in 1912 as the Republic of China was established. Bank of China manages close to US$2.99 trillion in assets and is the fourth largest bank in the world by total assets.
In 2018, the Industrial and Commercial Bank of China (ICBC) is the largest bank and financial institution in the world by total assets. Find out more about the world's largest banks by total assets here.
The combined value of the world's top 100 games markets is estimated to be US$134 billion. By region, Europe is the third largest games market at US$25.7 billion or 19.2% of the combined total
The top 3 games countries in Europe are :
This data is derived from Newzoo's 2018 study of the top 100 games markets ranked on their revenue estimates (refer to URL below).
According to Newzoo, the data estimates are based on a combination of primary consumer research, transactional data, quarterly company reports, and census data. The revenues are based on consumer spending in each country and exclude hardware sales, tax, business-to-business services, and online gambling and betting revenues.
The combined value of the world's top 100 games markets is estimated to be US$134 billion. The largest games markets by region are Asia (US$65 billion), North America (US$35 billion) and Europe (US$25 billion), followed by South America (US$2.78 billion), Middle East (US$2.37 billion) and Africa (US$1 billion).
All figures, include the country populations, Internet populations and total games revenues are stated in millions.
South Korea's Largest Banks. Together, the largest banks in South Korea manage a total value of US$2 trillion in assets.
1. KB Financial Group Inc. Headquartered in Jung-gu, Seoul and founded since 1963, the KB Financial Group Inc is the largest bank in South Korea and manages close to US$408 billion in assets. Globally, it is ranked as the 66th largest bank in the world.
2. Shinhan Financial Group Co. Ltd. Founded since 1897, the Shinhan Financial Group Co. Ltd is the second largest bank in South Korea and the 68th largest in the world, managing close to US$399 billion in assets.
3. NongHyup Financial Group Inc. NongHyup Financial Group Inc is the third largest financial institution in South Korea, managing close to US$363 billion in assets. It is wholly owned by the National Agricultural Cooperative Federation (NACF).
4. Hana Financial Group Inc. Hana Financial Group Inc was founded in 1971 and is the fourth largest bank by asset size in South Korea (US$337 billion in assets).
In 2018, the KB Financial Group Inc is the 66th largest bank by total assets in the world. Find out more about the world's largest banks by total assets here.
Compared to the sovereign wealth funds in North America, Asia and the Middle East, the SWFs in South America are lesser in asset size.
Topping the list, the Social and Economic Stabilization Fund (SESF) of Chile, started since 2007, manages close to US$15 billion in assets. Copper exports stands for more than one third of the Chilean government's income. Thus, the SESF acts as a stabilizer to the variability of global copper prices. Whenever the price of copper increased, the government would direct a proportion of the increased revenues into the SESF. However, when the price of copper fellow below its expected level, the fund will then be tapped to make up for the shortfall in government income due to the drop in copper prices.
The Pension Reserve Fund is another SWF of Chile. Started since 2006 with US$604.5 million, it has grown to close to US$9.4 billion in assets. The Pension Reserve Fund was was established to prepare for and support future government expenditures for Chile’s new demographic scenario of increased life expectancy and elderly population.
The largest sovereign wealth fund, both in Europe and in the world, is the Government Pension Fund Global of Norway (GPF) which was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. As of December 2017, it held US$1.03 trillion in assets, including 1.3% of global stocks and shares.
The other sovereign wealth fund of Norway, the Government Pension Fund of Norway, was established in 1967 and is a smaller fund (US$30.6 billion in assets). It focuses primarily on domestic and Scandinavian investments and is a key stock holder in many large Norwegian companies, predominantly via the Oslo Stock Exchange.
Both the Russian National Wealth Fund (US$76.3 billion in assets) and the Russian Reserve Fund (US$16.2 billion in assets) were originally created from the Stabilization Fund of the Russian Federation on 30 January 2008. However, over the years, with oil prices dropping, the Russian Reserve Fund had dwindled and was finally merged into the Russian National Wealth Fund in 2017.
This data references the 2018 study performed by Value Champion (refer to URL below) to determine the best countries for startups in Asia-Pacific. This data can provide useful reference points for European startups looking to open a new office in the Asia Pacific.
According to Value Champion, the best countries for startups in Asia-Pacific have strong economies, relatively low cost of conducting business, healthy business environments and highly educated populations. Value Champion's scoring system is based on available data and each country's rank across several categories. Lower scores indicate higher ranks, or better locations for startups.
Ranking based on Composite Scores
1. Singapore. Rated by the World Bank in 2017 as the second best country globally for business, Singapore is a small (5.6 million population) but wealthy ($52,962 - GDP per capita) with relatively low unemployment rate and good internet accessibility. Despite its small population, Singapore is often perceived as a strategic springboard to project products and services into the greater ASEAN region, which boasts a combined population of 650 million people.
2. Hong Kong. Hong Kong is a strategically situated city, similar to Singapore. With a population of more than 7 million and high GDP per capita ($43,741), Hong Kong is widely considered as a strategic location for startups looking for a stable gateway into the Greater China region of more than 1 billion people.
3. Japan. Japan has a good business environment for startups, as over 93% of its population has internet access. It has one of the most educated workforces globally; however, Japan is ideal for a European startup if the startup intends to focus primarily on Japan as a market, as foreign products and services in Japan generally tend to require deeper localization effort and costs, compared to Singapore and Hong Kong.
The combined value of the world's top 100 games markets is estimated to be US$134 billion. By region, the size of Africa's games market is US$1 billion or 0.7% of the combined total.
The top 3 games countries in Africa are :
From the introductory video above, Newzoo segments its gamer personas for its market research (eight in total) by the ultimate gamer, the all-round enthusiast, the cloud gamer, the conventional player, the hardware enthusiast, the popcorn gamer, the backseat viewer and the time filler.
May 15, 2019. Come November 3, 2020, the world will learn, with bated breath, whether the 46th United States president will emerge - or not. It is barely eighteen months away from the next U.S. presidential election and already, some countries could have already begun the countdown, wishing the elections would come sooner.
Within a short span of the past four weeks, the United States has escalated the trade war with China while still engaged in retaliatory tariff tit-for-tats with Mexico, Canada and the European Union. In the same period, the United States has also increased sanctions on Iran and deployed a carrier strike group to the Gulf, provoking hostile tensions in the Middle East, while shrugging off a series of missile tests by North Korea whose nuclear deal negotiations with Trump, after two unprecedented summits, has stalled.
At eighteen months out and with rising economic and military tensions on multiple fronts, Trump's re-election campaign is exactly right on schedule. There is enough runway for him to exert his "maximum pressure" strategy to force opposing countries to quickly capitulate and comply and ratchet up early wins to build up momentum on the path to re-election. However, if these trade and military tensions drag on, then the opposing countries gain the advantage of time and earn the option of waiting for Trump's term to run out and try for a better deal with the next U.S. president.
After two unprecedented summits - one in Singapore (2018) and the other in Hanoi Vietnam (2019) - that seemed to affirm Trump's unorthodox diplomacy, the relationship between Trump and Kim in 2020 has since regressed to square one. On May 4th, 2019, North Korea resumed the test launches of its missiles - an act that broke a diplomatic pause of missile launches in more than a year.
The missiles launched were short-range ballistic missiles; the payload they carry do not threaten the U.S. mainland. However, the message they carry is potent. In breaking the diplomatic pause, Kim is sending a message that if talks do not improve, North Korea can easily resume the testing of long-range ballistic missiles. On the latest missile test, Trump tweeted that Kim "does not want to break his promise to me. Deal will happen!". This statement could signal two things: (a) a carrot - the U.S. remain committed to the nuclear deal talks ("Deal will happen") - and (b) a stick - an unspoken threat if North Korea resume its ICBM tests (Kim "does not want to break his promise to me").
However, with the 2020 U.S. Presidential Elections looming, the momentum has tipped in North Korea's favour. Trump will be under time pressure to prove that his North Korea diplomacy works. Kim could do a full-court press on the U.S. for sweeter concessions (sanctions relief without total disarmament). In the worse case, if negotiations goes south, Kim could still wait it out until the next U.S. Presidential elections to try again. After all, firstly, Kim has no term limits and secondly, the unprecedented summits that Trump has initiated now give greater operating room for the next president to sit down with Kim.
With potential contenders throwing their hats into the ring for the 2020 Republican primaries as well as U.S. Presidential Elections, the U.S.-China trade war negotiations just gained a new dimension. If the China economy can hold up amidst the trade war, then the Chinese will hold more clout at the negotiation table, given that time has more pressure on Trump than it has for Xi.
Earlier in May, the US-China trade talks concluded without a deal. Not longer after, the warning shots were fired; Trump ordered a hike in tariffs on $200 billion in Chinese products. On 13 May, China returned shots by raising retaliatory tariffs on $60 billion in U.S. goods. It remains to be seen whether the Trump administration will escalate this conflict by following through on the threat to put 25% tariffs on the $325 billion in the remaining un-taxed Chinese goods.
While the trade war hurts both of the world's top two largest economies, any damage to the US economy carries an extra punch for Trump's upcoming elections and Trump's brand as a masterful deal-maker. China hopes this time pressure will lead to Trump expediting a trade deal that does not require China to concede much while giving Trump the perception of a win in this war. However, if U.S. decides not to budge, China could still wait out and observe the election process and judge whether to make a concession that increases Trump's chance of a second-term or reserve the concessions for negotiations with the next President of the United States. This privilege of waiting-out, however, hinges strongly on the impact of the tariffs on the Chinese economy.
Mexico is among the United States' top three trading partners and one of its two bordering countries. In 2018, according to Census Bureau, the U.S. exported $265 billion worth of goods to Mexico and imported $346.5 billion from Mexico. Since Trump's presidency, he has been determined to make good on two of his election promises involving Mexico - restructuring of the NAFTA to reduce U.S. trade deficit and the $33 billion border wall to stamp out illegal immigration and illegal trade of drugs and weapons from Mexico.
The NAFTA was superseded through negotiations by the US-Mexico-Canada Agreement (USMCA) signed on 1st October 2018. Prior to the USMCA, the United States had slapped tariffs of 25% on steel and 10% on alumnium from Canada, Mexico and the European Union. Mexico retaliated by slapping tariffs on $3 billion worth of American goods. At this point, the USMCA is currently stalled in the Congress and may not receive enough votes with concerns on labor, environmental and pharmaceutical provisions. Mexico and Canada are equally unwilling to ratify the USMCA unless the United States lifts its tariffs on steel and aluminium.
Trump has publicly stated that Mexico will eventually pay for the $33-billion U.S.-Mexico border wall, which Mexico has openly rejected. However, as long as the Trump administration is in charge, Mexico can expect continued hard pressure to meet Trump's demand. Looking at the presidential candidate field, Mexico can only hope the none of the upcoming presidential hopefuls make the same election promises about the Mexican border wall as Trump.
The top three Asian countries with the most smartphone users are also the most populous countries in Asia
The top 50 countries by smartphone users have a combined total of 2.7 billion smartphone users or 42.33% of their combined population. Asia's top 3 countries by smartphone users are :
This data is derived from Newzoo's 2018 study of the top 50 countries/markets by smartphone users and penetration (refer to URL below). According to Newzoo, a smartphone user is defined as anyone using a smartphone at least once a month. These numbers come from Newzoo's annual Global Mobile Market Report and are derived based on considerations of a country's economic progression, demography, online population and inequality.