Prospects for defence in the fourth quarter

2015 ◽  
Keyword(s):  
North Africa ◽  
Oil Prices ◽  
The United States ◽  
Fourth Quarter ◽  
Asia Pacific ◽  
Arms Sales ◽  
Content Type ◽  
Industrial Base ◽  
Defence Budget ◽  
The Us

Subject Prospects for defence in the fourth quarter. Significance The United States will remain the dominant arms producer in the fourth quarter. With the shape of the next defence budget broadly known, attention has shifted to the future of the US defence industrial base and the prospects of further rationalisation. Russia will continue to push global arms sales, particularly in the Middle East and North Africa and Asia Pacific regions, given low oil prices that are hurting Moscow's finances.

Japan's political outlook stable but economy will slow

2019 ◽  
Keyword(s):  
United States ◽  
Trade Agreement ◽  
The United States ◽  
Fourth Quarter ◽  
Sales Tax ◽  
Local Elections ◽  
Territorial Dispute ◽  
Content Type ◽  
The Us ◽  
Economic Slowdown

Subject The outlook for politics in Japan for the rest of 2019. Significance Japan’s political calendar is busy in the months ahead. On May 1, a new emperor will take the throne. The G20 meeting will be held in Osaka in June. The US and Chinese presidents will both visit separately, too. Upper house elections are due in July, following local elections in April. In October, a long-postponed rise in sales tax will take effect. Impacts Some economic slowdown in the fourth quarter seems inevitable, following the hike in the sales tax. The prospect of a settlement of Japan’s territorial dispute with Russia is distant, despite optimistic talk. Trade talks with the United States are likely to be protracted and not settled until after Washington reaches a trade agreement with Beijing

US and EU agencies may push against Gulf airlines

2015 ◽  
Keyword(s):  
United States ◽  
Airline Industry ◽  
The United States ◽  
Air Transport ◽  
Asia Pacific ◽  
Content Type ◽  
The Us ◽  
The World ◽  
Us Government ◽  
International Airline

Subject Prospects for government intervention in the airline industry. Significance The leading Gulf airlines -- Emirates, Qatar and Etihad -- have risen rapidly over the last decade to become major players in the world air transport business. This has been at the expense of long-haul carriers in the United States, Europe and Asia-Pacific. US and European airlines are demanding action that could threaten liberalisation of the international airline industry. Impacts Neither the US government nor EU authorities are likely to unravel the network of international air transport agreements. Yet both Democratic and Republican politicians will be sensitive to demands from core constituencies. Further airline industry liberalisation and growth of Gulf based airlines may therefore be delayed.

Russia will strive to further Middle East arms sales

2015 ◽  
Keyword(s):  
Middle East ◽  
North Africa ◽  
The United States ◽  
Mena Region ◽  
The West ◽  
Arms Sales ◽  
Content Type ◽  
Arms Embargo ◽  
Global Supplier ◽  
Missile System

Significance Under the deal, the UN arms embargo will remain in force for five years, while the ban on ballistic missile sales will stay for eight years. This means that Russia's plans to supply Iran with the advanced S-300 missile system will face further delays. However, Moscow is not only focusing on arms sales to Iran, but is looking more widely across the Middle East and North Africa (MENA) region. The Kremlin will become increasingly dependent on high-value, high-technology military sales while oil prices stay low and Western sanctions remain. Impacts Russia has rebounded to become the second largest arms seller in the Middle East behind the United States. The durability of Russian equipment and its comparable cheapness to US systems will be key attractions for buyers. Russia has become the main global supplier of the anti-access, area-denial weapons. Iran will refrain from progressing controversial Russian weapons sales that could damage its detente with the West.

Russian arms sales challenged by rivals and sanctions

2021 ◽  
Keyword(s):  
North Africa ◽  
Import Substitution ◽  
The United States ◽  
Political Support ◽  
Lower Income ◽  
Arms Sales ◽  
Content Type ◽  
China And India ◽  
The Military ◽  
Lower Income Countries

Significance Selling mainly to non-US allies in Asia and North Africa, Russia has been the world's second-largest arms exporter after the United States for the last decade. The 2020 dip seems attributable to COVID-19 disruption having slowed deliveries to China and India. US sanctions might also have had some effect. Impacts The path of global recovery will influence Russian arms sales: lower-income countries are in a worse position than rich ones. New sales to Myanmar will signal Moscow's political support for the military junta. Import substitution efforts to mitigate Western sanctions are still slow and may lead to shortages that impede production and exports.

How resilient are REITs to a pandemic? The COVID-19 effect

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Omokolade Akinsomi
Keyword(s):  
The United States ◽  
Asia Pacific ◽  
Content Type ◽  
Flight To Quality ◽  
The Us ◽  
Asset Portfolio ◽  
Reduce Risk ◽  
The Biggest Loser ◽  
The Impact ◽  
And Storage

PurposeReal estate investment trusts (REITs) are historically considered as attractive assets to investors particularly as the underlying assets are properties which are income-producing. REITs also distribute substantial amount of profits as dividends to shareholders. Stephen and Simon (2005) find that REITs in a mixed asset portfolio of stocks and bonds enhance returns and reduce risk. This paper examines the role a pandemic (COVID-19) plays in the performance of global REITs index and REIT sectors.Design/methodology/approachTo examine the effects of COVID-19 on REITs, the year-to-date (YTD) returns of global returns index and REITs sectors in the United States are observed and a comparative analysis is employed from January 2020 to May 2020.FindingsBased on a three-month return ending 22 May 2020, FTSE EPRA NAREIT index is the biggest loser at −31.83% whilst the FTSE EPRA Asia–Pacific index has the lowest loss at −23.20%. The author examines YTD returns which show disparities on the effect of COVID-19 on REIT sectors. The US market is examined; most REIT sectors suffered big losses as at April 2020; the analysis reveals YTD returns for the top three REIT sector losers are lodging/resort REITs (−45.81%), retail REITs (−41.16%) and office REITs (−22.63%). Data centre REITs are the only sector REITs with positive returns at 17.66%.Practical implicationsMost sector REITs during the pandemic have lost considerable value based on YTD returns as at May 2020. Flight to quality is expected during this uncertain period to REITs such as data REITs, grocery-anchored REITs and storage REITs. These REITs are not as adversely affected by COVID-19 in comparison to other REITs.Originality/valueThis paper identified the impact of COVID-19 on the performance of global REITs and US sector REITs during the periods from January 2020 to May 2020.

Prospects for the Middle East in the fourth quarter

2015 ◽  
Keyword(s):  
United States ◽  
Middle East ◽  
Turning Points ◽  
Oil Prices ◽  
The United States ◽  
Fourth Quarter ◽  
Content Type ◽  
Civil Conflicts ◽  
The Way

Subject Prospects for the Middle East in the fourth quarter. Significance The ratification of the nuclear deal in Iran and the United States will pave the way to Iran's diplomatic and economic re-emergence, but will also raise tensions on proxy fronts across the region. Further low oil prices will trouble the region's energy exporters, while civil conflicts in Libya and Syria face turning-points.

EU is unlikely to change course on Russia sanctions

2017 ◽  
Keyword(s):  
United States ◽  
Import Substitution ◽  
Oil Prices ◽  
The United States ◽  
Content Type ◽  
Annual Basis ◽  
The Us ◽  
Food Imports ◽  
The Eu

Significance The sanctions, reviewed on a semi-annual basis, have now been extended until January 2018, despite speculation about divisions within the EU. This comes after the US Treasury imposed new sanctions on 38 individuals, companies and organisations on June 20. Impacts Russia is likely to continue efforts to sow divisions within the EU and between the EU and the United States. Future oil prices will shape Russia’s ability to weather sanctions. Russia may raise capital through bond sales and by turning to Asian investors, although this may not fully offset the effects of sanctions. Russia’s counter-sanctions -- a ban on food imports from the EU -- have led to some successful agricultural import substitution.

US shale industry will withstand post-Harvey oil glut

2017 ◽  
Keyword(s):  
United States ◽  
Oil Prices ◽  
The United States ◽  
Tropical Storm ◽  
Shale Oil ◽  
Content Type ◽  
Fuel Prices ◽  
The Us ◽  
Mexico Coast ◽  
Oil Inventories

Significance The Port Arthur Refinery is the largest in the United States. Tropical Storm Harvey is estimated to have closed nearly one-quarter of the country’s refining capacity, which is concentrated along the Gulf of Mexico coast. While petrol futures have risen because of the curtailment of supply, crude prices have fallen due to fears of oil inventories building up before the restoration of demand from refinery operations. Persistently weak oil prices pose a threat to the US shale oil industry’s finances and expansion plans. Impacts Oil-dependent economies like Saudi Arabia, Russia and Venezuela will have to budget for sustained low oil prices. Consumers will enjoy relatively low fuel prices after the post-Harvey price spike subsides, freeing up spending power. Low oil prices will slow the market rollout of new electric and hybrid-electric model cars debuting in 2018-19.

Washington will rethink its foreign chip strategy

2021 ◽  
Keyword(s):  
United States ◽  
Supply Chain ◽  
The United States ◽  
Export Controls ◽  
Political Pressure ◽  
Technical Standards ◽  
Content Type ◽  
The Us ◽  
Technology Competition ◽  
Business In China

Significance Follow-on action from Washington and responses from foreign actors will shape the US government’s adversarial policy towards China in semiconductors and other strategic technologies. Impacts The Biden administration will likely conclude that broad-based diversion of the semiconductor supply chain away from China is not feasible. The United States will rely on export controls and political pressure to prevent diffusion to China of cutting-edge chip technologies. The United States will focus on persuading foreign semiconductor leaders to help develop US capabilities, thereby staying ahead of China. Washington will focus on less direct approaches to strategic technology competition with China, notably technical standards-setting. Industry leaders in the semiconductor supply chain worldwide will continue expanding business in China in less politically sensitive areas.

Identification and assessment of the unionization factors of the US electrical construction trade

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hisham Said ◽  
Aishwarya Mali ◽  
Ajay Deshmukh
Keyword(s):  
Union Membership ◽  
Trade Unions ◽  
The United States ◽  
Content Type ◽  
Body Of Knowledge ◽  
The Us ◽  
Share Data ◽  
Trend Data ◽  
Industrial Projects ◽  
Practice Knowledge

PurposeConstruction trade unions have been a vital force in improving the job standards and wellbeing of trade workers. However, the union membership in the construction industry has dropped by half between 1983 and 2017. The objective of this study is to identify and assess the controlling factors of construction electrical trade unionization in the United States.Design/methodology/approachThe study involved four main steps. Literature review and industry townhall meetings were conducted to identify the electrical trade unionization factors. A new unionization trend metric was developed using available union market share data to quantify the growth and decline of local unions. Mixed-mode surveying was used to collect questionnaire and interview data on the unionization factors in different local units of the electrical trade union. Finally, the survey data from the questionnaire and interviews were merged and their correlation with the unionization trend data was assessed.FindingsThe study found that the unionization of this specialty trade is dependent on increasing the crew ratio, expanding the non-apprenticeship union membership program, organizing larger contractors, and continuing the union focus on public and heavy industrial projects.Originality/valueThe study contributes to the construction management body of knowledge by providing a data-driven industry-wide assessment of the factors that affect electrical construction unionization. The study advances the understanding of construction trade unions by narrowing the theory-practice knowledge gap, illustrating the use of macro quantitative empirical research methods, and developing a new unionization trend metric.

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