FOLEY HOAG WINS HISTORIC VICTORY FOR THE PHILIPPINES IN THE SOUTH CHINA SEA

Arbitral Tribunal Condemns China’s “9-Dash Line” And Upholds the Philippines’ Maritime Rights

 
WASHINGTON, July 13 (Bernama-BUSINESS WIRE) -- An international arbitral tribunal today unanimously upheld the Philippines’ claims in a much-watched arbitration against China. The Tribunal rejected China’s claim to “historic rights” in the maritime areas encompassed by its so-called “nine-dashed line” as inconsistent with the U.N. Convention on the Law of the Sea.

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SUB-SAHARAN AFRICAN CITIES' USD$197 BILLION MARKET: THE NEW INVESTMENT FRONTIER FOR MULTINATIONALS

CAPE TOWN, South Africa, July 12 (Bernama-BUSINESS WIRE) -- Global Market Research Company Euromonitor International released today its new white paper: "Sub-Saharan African Cities of Opportunity: Expanding Business Horizons Beyond South Africa."

According to the white paper, Sub-Saharan African cities represent the new frontier for multinational businesses. Richly gifted with natural resources, Sub-Saharan Africa has profited from surging global raw material demand. The region is seeing a growing proportion of foreign direct investments into the manufacturing and services sectors, with investment inflows amounting to US$41 billion in 2014. Furthermore, Sub-Saharan Africa has a young expanding population - it surged by 31 percent to 957 million during 2005-2015, with a median age of 18.2 years in 2015.

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THE 13TH CHINA-ASEAN EXPO TO BOOST CHINESE ENTERPRISES' INVESTMENT IN ASEAN

NANNING, China, July 12 (Bernama-AsiaNet) -- The China-ASEAN Expo (CAEXPO) Secretariat announced the trade and investment promotion program to be launched during this year's Expo on July 5th , so as to promote the "going global" strategy and investment of Chinese enterprises in ASEAN countries. The high-profile investment promotion conference on ASEAN's industrial parks and China-ASEAN matchmaking symposia on investment and financing projects will be given high priority during the Expo.

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TOURISM EXPECTED TO GROW BY 4% BY 2020, DESPITE ADVERSE EXTERNAL SHOCKWAVES

LONDON, July 11 (Bernama-BUSINESS WIRE) -- Market Research Company Euromonitor International released today its latest travel research, providing the latest insights on the industry performance.

According to Euromonitor's new research, global travel and tourism sales grew consistently despite high external shockwaves. Geopolitical tensions, whether terrorism or political concerns, have impacted the traditional sun and sea destinations in locations such as the Mediterranean Sea, with safer destinations winning out. "The substitution effect, where tour operators shift capacity away from troubled hotspots to more stable countries, is visible" says Caroline Bremner, Head of Travel Research at Euromonitor International. International arrivals declined in Egypt and Tunisia, suffering a negative growth of 25 percent and 5 percent respectively, as the travel industry and consumers shun trouble for the safer shores of Spain, Portugal and Croatia.

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A.M. BEST BRIEFING: TAIWAN COMMERCIAL FIRE RATE ADEQUACY EXPECTED TO IMPROVE

HONG KONG, July 11 (Bernama-BUSINESS WIRE) -- Rate increases in the Taiwan commercial fire insurance line of business is expected as a result of recent regulatory changes intended to address inadequate pricing, particularly on mega-risks, according to a new A.M. Best briefing.

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NORSK TITANIUM TO BUILD WORLD'S FIRST INDUSTRIAL-SCALE AEROSPACE ADDITIVE MANUFACTURING PLANT IN NEW YORK

State Releases First Funds for Signature Economic Development Project for Initial Lot of 20 Norsk Titanium MERKE IV™ Rapid Plasma Deposition™ Machines to Launch Aerospace Factory of the Future

 
FARNBOROUGH, England, July 12 (Bernama-BUSINESS WIRE) -- Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components announced today the State of New York, in partnership with SUNY Polytechnic Institute, has placed an order for an initial lot of 20 of Norsk Titanium’s patented MERKE IV™ Rapid Plasma Deposition™ (“RPD™”) machines. The order is in accordance with an approved state budget allocation to facilitate Norsk Titanium’s US subsidiary building and operating the world’s first industrial-scale metal additive manufacturing plant in New York with the following details:

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ACQUIRO OPENS SINGAPORE OFFICE TO ENHANCE ITS PRESENCE ACROSS THE ASIA-PACIFIC REGION

New Location Represents Additional Investment by Selling Simplified Group to Capitalize on Growing Opportunity in Marketing Data Quality Segment

 
GREENWOOD VILLAGE, Colo., July 12 (Bernama-BUSINESS WIRE) -- With its charter and focus of improving marketing data quality for today’s sales and marketing teams, Acquiro, a marketing technology solutions vendor launched earlier this year, announced today the opening of its Singapore office. Acquiro – part of the Selling Simplified Group (SSG) – was formed with the mission of bringing to market data quality solutions engineered to dramatically increase a company’s revenue by validating and enriching lead contact data.

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