Xi Jinping, China’s top leader, met with executives of foreign companies including Saudi Aramco, BMW, Toyota, and FedEx to boost foreign investment amid worsening trade relations with the U.S. German automakers like BMW and Volkswagen are increasing investments in China’s car market. Tensions between Washington and Beijing, along with tightening national security laws, have led to a drop in foreign investment in China, as companies face challenges in the domestic market and navigating legal issues.
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Why Remote Work Is in Demand Worldwide
Research indicates that happy workers tend to stay at their jobs longer, resulting in cost savings for companies by reducing the need for hiring and training new employees. According to Owl Labs' 2017 study, companies offering remote work options experience 25% less turnover, with 56% of global companies providing some form of remote work, including 40% with hybrid models and 16% fully remote setups, while 44% still require office attendance. This trend highlights the increasing...
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