Co-authored with Daniel Wagner.

After having been the top destination of inward foreign direct investment for decades, China’s investment orientation has become increasingly outward looking. In 2014, China’s outbound FDI surpassed inbound FDI for the first time. Last year, the country became the world’s second-largest source of outward FDI. And in the near term, its overseas investments are expected to grow 10 percent a year, and exceed $2 trillion by 2020.

The Cubs just finished the 2016 regular season with 103 wins and baseball’s best record by a mile. They have spectacular pitching, powerhouse hitting and solid defense. Las Vegas odds-makers have established the Cubs as runaway favorites to win this year’s world series. The Cubs – baseball’s perennial losers! Chicago sports fans haven’t been this excited since Michael Jordan suited up for the Bulls.
 

Bankers have accepted that FinTech is here, reports The Daily FinTech in its SIBOS 2016 wrap-up story. Realism in FinTech among both banks and startups, the move to realtime payment, and (naturally) semi-real blockchain topped its list of takeaways.

YAP KWONG WENG AND SUN XI

Last month, American President Barack Obama pledged to lift all sanctions against Myanmar during its leader Aung San Suu Kyi’s visit to the United States. Such an apparent thawing of ties between the two nations must be of some concern for Myanmar’s long-time ally, China.

There is an ongoing water crisis in Nepal’s urban areas, and it is mainly man-made. From 2000 to 2012, Nepal’s urban population with access to improved water source suffered a continuous and outstanding drop from 94.2 percent to 90.3 percent.

There is an ongoing water crisis in Nepal’s urban areas, and it is mainly man-made. From 2000 to 2012, Nepal’s urban population with access to improved water source suffered a continuous and outstanding drop from 94.2 percent to 90.3 percent.

3 steps to get started and the #1 mistake you should avoid

Co-authored with Thais Compoint

The gender gap has been a long standing topic around the world. According to the World Economic Forum, it would take 117 years away from now until 2133 to achieve global gender parity. In the business world, across regions and industries, the large majority of senior leadership positions are dominated by men. For example, only 4.4 per cent of S&P 500 CEOs are women.

This week we bring you some of the best discussions of the evolution of macroeconomic theories post-2008. What seemed so certain before is now being questioned at a fundamental level by leading economists. Negative interest rates, which alter rational expectations of inflation, have also provoked some of this soul searching. But will new models and new theories be any better at predicting the next crisis?

STORIES IN OUR SPOTLIGHT

Earlier this month, Ford CEO Mark Fields made two head-scratching announcements. Ford acquired San Francisco-based Chariot, a popular crowd-sourced shuttle-van service that uses algorithms to adjust routes and increase transit efficiency. The company simultaneously announced a partnership with Motivate, the nation’s largest bikeshare company, to implement a 10-fold expansion of the Bay area’s bikeshare program under the “Ford GoBike” banner.