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'content' => '<p>The Lone Star State is closely associated with American football, barbeque, cowboys, and live music. On the other hand, Texas is also famous for having among the best hospitals in the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Texas%20leading%20fight%20against%20cancer-MD%20Anderson%20Cancer%20Ctr.jpeg" alt="" />
<figcaption class="image-caption">MD Anderson Cancer Center in Houston is considered the top cancer care hospital in the United States.</figcaption>
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<p>Home to more than 15 medical universities, 5,500 accredited medical hospitals, 6,100 top-rated biotechnology-related R&D and manufacturing firms, and more than 105,000 medical and life science-related professionals, Texas is a global leader in medical and biomedicine research, innovation, and services — including cancer treatment research and care.</p>
<p>Facilities such as the Texas Medical Center, the world’s largest medical complex, work hand-in-hand with local state universities and pharmaceutical companies to develop cutting-edge medical technology and treatments.</p>
<p>The Cancer Prevention and Research Institute of Texas (CPRIT), a state-funded initiative, has also been instrumental in expanding cancer treatment research and development. CPRIT is the second-largest taxpayer-funded cancer research organization in the world.</p>
<p>Other premier cancer research institutions in Texas that are working tirelessly to find a cure for cancer include the Baylor Scott & White Cancer Centers, Texas Oncology and Mary Crowley Cancer Research Centers, and the University of Texas MD Anderson Cancer Center, America’s top-ranked cancer center.</p>
<p>While many positive things can be said about the Lone Star State, that list must surely be topped by its invaluable contribution to creating a cancer-free world.</p>',
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<figcaption class="image-caption">The Port of Gioia Tauro in Reggio Calabria in southern Italy, the country's largest port for container throughput, is vital to regional and global trade because of its location in the Mediterranean Sea.</figcaption>
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<p>Following the working lunch at Palazzo Chigi, the official residence of the prime minister, the two leaders affirmed their commitment “to strengthen contacts at every level and open new fields (of cooperation) for citizens and companies.” They also announced that Japan and Italy will launch a bilateral foreign defense consultation mechanism during the first half of this year.</p>
<p>The defense initiative comes amid the ongoing concern over the war in Ukraine, which Kishida has said could be “tomorrow’s East Asia.” With the shifting global geopolitical situation, Japan and Italy want to maintain stability in the Indo-Pacific region, which is vital to international trade.</p>
<p>“We had a long talk that started with the excellent trade relations between Italy and Japan, which has reached 12 billion euros a year,” Meloni said.</p>
<p>Leading the efforts to attract more investment from around the world is the <a href="https://www.ice.it/en/" target="_blank" rel="noopener">Italian Trade Agenc</a>y, which was formed in 2011 and operates an office in Aoyama, Tokyo.</p>
<p>The two leaders also discussed the Global Compact Air Program, also known as Tempest. The program, spearheaded by by Italy, Japan, and the UK, aims to develop a sixth-generation vehicle that will bear significant results in civil and scientific research.</p>
<p>“Our long conversation demonstrates again that Japan, despite the geographical distance that apparently divides us, remains not only a friendly nation but a partner of central and strategic importance for Italy’s interests,” Meloni said.</p>',
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It was that broad diversity that cushioned Italy's economy from the crisis that stemmed from the Covid-19 pandemic. As the situation continues to normalize around the world, GMI Post answers why investors should make Italy their next investment location.',
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'content' => '<p>One of the world’s 10 largest economies and the third-largest in the European Union, Italy built its strength on the diversity of its economic base, which range from dozens of well-known global brands to tens of thousands of small- medium-size firms.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Locating%20to%20Italy-Italian%20Trade%20Agency.jpeg" alt="" />
<figcaption class="image-caption">The Italian Trade Agency has become a one-stop shop for those who want to invest in the country.</figcaption>
</figure>
<p>Apart from traditional industries, like manufacturing and banking, Italy has also strengthened its global brand through its arts, culture, and tourism, which contribute billions of dollars to the national economy.</p>
<p>It was that broad diversity that cushioned Italy’s economy from the crisis that stemmed from the Covid-19 pandemic. As the situation continues to normalize around the world, GMI Post answers why investors should make Italy their next investment location.</p>
<p><strong>It is perfectly positioned, logistics-wise.</strong></p>
<p>Italy is at the center of the Mediterranean Sea, which means that the country is a convenient gateway to the European Union, Northern Africa, and the Middle East. The country also has an extensive rail network and excellent highways that make the transportation of goods quick and cost-effective.</p>
<p>To attract more foreign investment, the government set up the <a href="https://www.ice.it/en/" target="_blank" rel="noopener">Italian Trade Agency</a>, which acts as a one-stop shop by responding to all queries from any interested party, helping companies set up their operations, and supporting businesses with after-care services. The agency has information about relevant tax credits and incentives available to investors.</p>
<p><strong>Italy has a large manufacturing base.</strong></p>
<p>Italy is one of the largest manufacturing countries in the European Union. Investors can partner with a long list of companies with a rich history in making world-class products, whether they be automobiles, machinery, tools, food, pharmaceuticals, textiles and clothing.</p>
<p>That manufacturing ecosystem includes a robust network of intermediate suppliers that enhance production, delivery and cost savings,</p>
<p><strong>The country is an innovation hub.</strong></p>
<p>Each year, Italy spends more than 25 billion euros in research and development. Manufacturers are early adopters of new technology, integrating them into their newest products and processes.</p>
<p>That openness to innovation is also found in the country’s universities and research centers, which have helped nurture a network of innovative incubators.</p>',
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'id' => '545344',
'title' => 'Visiting Italy and escaping the crowds',
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'description' => 'For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.
Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.',
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'content' => '<p>For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Tourism-Ponza.jpeg" alt="" />
<figcaption class="image-caption">Ponza is among Italy's under-the-radar destinations that is sure to please any tourist.</figcaption>
</figure>
<p>Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.</p>
<p><strong>Umbria</strong></p>
<p>With its lush landscape foliage and the small-town charm found across Tuscany, the region of Umbria in central is famous for its grapes and black truffles. Visitors come to sample its white Grechetto and red Sagrantino wines.</p>
<p>Another popular activity for tourists are truffle hunting and cooking classes.</p>
<p>Every July since 2003, the region’s capital, Perugia, also stages Umbria Jazz, one of the world’s largest jazz festivals. From June to July, the city of Spoleto holds the Festival de Due Mondi, a music and opera festival.</p>
<p><strong>Sardinia</strong></p>
<p>Not much of a well-held secret, Sardinia provides the ultimate island escape. The top attraction is the Costa Smeralda, or Emerald Coast, with its white sand beaches and exclusive resorts, which are frequented by celebrities, business and political leaders, as well as affluent guests.</p>
<p>Outside the Costa Smerlada, the capital Cagliari has well-preserved archeological and historic sites that go back as far as the Ancient Greeks and Romans.</p>
<p><strong>Ponza</strong></p>
<p>Only a three-hour boat ride from Rome, the island of Ponza allows visitors to a quiet escape from the hustle of the Italian capital.</p>
<p>The island may not have the long stretches of beach found on other islands. But, it has unique offerings: dramatic cliffs that look out to crystal-clear waters, multicolored homes, and rustic villages.</p>
<p>The best part is the fresh seafood that dominate the local cuisine, and all at prices more reasonable than in other island resorts in Italy, like Capri.</p>
<p><strong>Bergamo</strong></p>
<p>In the older upper district of Bergamo, Citta Alta is a must-see destination. Sitting on a hilltop and accessible by funicular, the city is contained within walls built by the Venetians and characterized by its cobblestone streets.</p>
<p>A visit will feel like a step back in time. Wander the streets aimlessly, marvel at the centuries-old churches, and allow the city to work its magic organically.</p>',
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'id' => '545345',
'title' => 'The United Kingdom: Out of the past and into the future',
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'description' => 'The US-UK alliance is unique in that it has endured two world wars, two global pandemics, and the uncertainty that recent geopolitical tensions have brought forth.',
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'content' => '<p>The US-UK alliance is unique in that it has endured two world wars, two global pandemics, and the uncertainty that recent geopolitical tensions have brought forth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Investment-Trade%20Fair.jpeg" alt="" />
<figcaption class="image-caption">The UK has consistently promoted trade partnerships with the rest of the world over the last several years.</figcaption>
</figure>
<p>“One of the biggest opportunities is the United States. The U.S. is the world’s largest economy, our closest security and defense partner, and one of our oldest friends. We are the biggest investors in each other’s economies and natural economic partners,” said former Minister of Investment Lord Gerry Grimstone.</p>
<p>As the world eases out of the pandemic and its attendant supply chain disruptions, 2023 is looking to become a banner year for UK-US economic relations. Among the hallmarks of the oft-cited special relationship is the presence of American companies in the British Isles.</p>
<p>As of 2019, according to government figures, there were nearly 33,000 U.S.-owned businesses operating in the UK, which generated close to 1.5 million jobs.</p>
<p>As the birthplace of the Industrial Revolution, Britain has long been considered a global hub of innovation. More than a century after, the United Kingdom leads the way in a number of industries, such as advanced manufacturing, aerospace, defense, automotive, and IT.</p>
<p>The UK’s excellence in education and research has produced a highly skilled and educated workforce. Many of the world’s top universities, such as Oxford, Cambridge, and the University of Edinburgh, are located in the UK. In fact, 3 out of 10 jobs in American firms based in the UK come from high-skilled sectors, such as scientific, technical, IT activities, and finance.</p>
<p>On top of that, the UK is also a melting pot of different cultures and ethnicities. People from its former colonies and dominions have brought with unique perspectives and approaches to various challenges and opportunities.</p>
<p>According to Diversity UK, 13 out of every 100 people in the country have ethnic minority backgrounds, while in London, that ratio jumps to 4 out of every 10.</p>
<p>That combination of a robust economic base, excellent educational and research institutions, and diverse workforce spells bright future for the UK economy.</p>',
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'description' => 'The UK government has announced various funding initiatives, tax incentives and other support programs to help new businesses get off the ground. Among those initiatives is the Enterprise Investment Scheme and Venture Capital Trusts, which help a company upon opening and provides tax relief to individual investors who buy into the new venture.',
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'content' => '<p>The UK government has announced various funding initiatives, tax incentives and other support programs to help new businesses get off the ground. Among those initiatives is the Enterprise Investment Scheme and Venture Capital Trusts, which help a company upon opening and provides tax relief to individual investors who buy into the new venture.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Entrepreneurship-Data%20Centre.jpeg" alt="" />
<figcaption class="image-caption">Aside from data technology, the UK will continue to lead in innovation in a wide range of other sectors for as long as the government continues funding research and supports bold business ventures.</figcaption>
</figure>
<p>The country has had a strong spirit of entrepreneurship. It goes as far back as the Middle Ages with the rise of trade guilds. Then, the Age of Exploration resulted in a merchant class that embraced risk. Today, the UK boasts a vibrant ecosystem of small and medium-sized enterprises (SMEs) that are driving innovation and growth in a variety of sectors.</p>
<p>Meanwhile, <a href="https://www.ukri.org/councils/innovate-uk/" target="_blank" rel="noopener">Innovate UK</a>, a non-departmental public body, accelerates economic growth by supporting private sector-led innovation. The agency provides access to the latest cutting-edge technology and also creates opportunities for collaboration between companies and researchers.</p>
<p>Because of its strong and stable economy, the UK has remained an attractive destination for American investment, as well as other multinational companies looking for an ideal base for operations. While London has long been a hub of finance, around 60% of employment in US-owned local business units is outside of London, according to government figures.</p>',
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'id' => '545347',
'title' => 'Facing the future with full confidence ',
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'description' => 'According to EY's 2022 Business Attractiveness Survey, the UK ranks No. 2 in foreign direct investment attractiveness, while Jonathan Frick, a partner at London-based consultancy Bain & Company notes that, "U.S. companies show significant confidence in the UK as a place to do business, both now and in the future."',
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'content' => '<p>According to EY’s 2022 Business Attractiveness Survey, the UK ranks No. 2 in foreign direct investment attractiveness, while Jonathan Frick, a partner at London-based consultancy Bain & Company notes that, “U.S. companies show significant confidence in the UK as a place to do business, both now and in the future.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Business%20Future-City%20of%20London.jpeg" alt="" />
<figcaption class="image-caption">Within the fabled Square Mile, The City of London characterizes the British spirit of innovation in business.</figcaption>
</figure>
<p>Despite the headwinds brought about by the Covid-19 pandemic and the war in Ukraine, the UK has retained the confidence of the global business community because of the following factors: its long-standing respect for the rule of law, its highly-skilled workforce, and the excellence of its universities and research institutes.</p>
<p>In the Heritage Foundation’s 2022 Index of Economic Freedom, the UK got an overall score of 72.2 and in terms of property rights protection received a score of 96.2. The report said: “The rule of law is so well established that London has become an international hub for dispute resolution.”</p>
<p>While many countries face a labor shortage, exemplified by the so-called Great Resignation, the UK continues attract top talent through its top-notch research universities, as well as through inward migration.</p>
<p>Amanda Solloway MP, the Lord Commissioner of the Treasury, said, “The government has set out plans to make the UK the best destination in the world for researchers, making sure that it continues to attract the brightest and the best from the UK and from overseas, cementing its status as a science superpower.”</p>
<p>Drawing from centuries of learning, experimentation, and risk-taking, UK universities, such as Oxford, Cambridge, and the University of Edinburgh, have become bastions of intellectual curiosity, free inquiry, and ingenuity.</p>
<p>Aside from its reputation as a global financial center, London is also, according to The City of London Corporation, a “global center of academic excellence, with strong links between academic institutes and business.”</p>
<p>In the field of digital innovation, the corporation says London hosts more highly qualified AI experts and software developers than any other European city. With 58.5% of the workforce educated to at least degree level, it is home to one of the most skilled workforces in the world.</p>
<p>In a world constantly in flux, the UK leans on its deep tradition of intellectual inquiry in order to innovate. It is a country proud of its past, but it is also a country that, having faced so many upheavals in its history and prevailing over them, is confident in meeting all future challenges.</p>',
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'id' => '545330',
'title' => 'Japan: Serbia is a key partner',
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'description' => 'As Serbia and Japan celebrate 140 years of friendly relations, GMI POST reached out to the Ambassador of Japan to Serbia H.E. Takahiko Katsumata to discuss the shared history of the two countries and the future of bilateral ties.',
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'content' => '<p>As Serbia and Japan celebrate 140 years of friendly relations, GMI POST reached out to the <a href="https://www.yu.emb-japan.go.jp/itprtop_sr/index.html" target="_blank" rel="noopener">Ambassador of Japan to Serbia</a> H.E. Takahiko Katsumata to discuss the shared history of the two countries and the future of bilateral ties.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%207-Japan%20Embassy%20Serbia-Takahiko%20Katsumata.jpg" alt="" />
<figcaption class="image-caption">Ambassador of Japan to Serbia H.E. Takahiko Katsumata</figcaption>
</figure>
<p>“We have been fostering good relations with Serbia despite the distance of 9,000 km,” said the Ambassador, who highlighted the mutual respect and trust that have been grown for more than a century. Katsumata also expressed his gratitude to the Serbia government, local authorities, and cultural groups for organizing several events to commemorate the milestone.</p>
<p>As the two nations see the number of high-level state visits increase, Katsumata pointed out that relations between Japan and Serbia, both diplomatic and economic, have grown much closer over time.</p>
<p>The highpoint came during the visit of late Japanese Prime Minister Shinzo Abe in 2018, when he unveiled the Western Balkans Cooperation Initiative, which aims to support socio-economic reforms in the region ahead of their accession to the European Union.</p>
<p>Today, there are more than 30 Japanese companies doing business in Serbia including JTI, Yazaki Corporation, Toyo Tire Corporation, and Nidec Corporation, all of which, according to Katsumata, recognized Serbia’s high-quality products, world-class talent, and commitment to social development.</p>
<p>“There are many regional and global issues that we need to tackle together, such as sustainable development, climate change, clean energy, and disaster management. Given our history of friendship and cooperation, I believe Japan and Serbia can be excellent partners to take on these responsibilities for future generations,” he said.</p>
<p>The Ambassador also expressed interest in further promoting sports exchanges with Serbia. The two countries both progressed beyond the group stages in the FIFA World Cup Finals in Qatar this year. Serbia’s national team manager, Dragan Stojkovic, spent seven years in Japan playing for Japanese club Nagoya Grampus Eight.</p>
<p>“In my two years as Ambassador of Japan in Serbia, I have experienced the warm hospitality of the Serbian people and the country’s rich culture and tradition,” said Katsumata as he invited more Japanese companies and tourists to visit Serbia and experience the country.</p>',
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'title' => 'RAS: Bringing the world to Serbia, and Serbia to the world',
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'description' => 'Created in 2016 to attract more foreign investment into the country and support local business, Development Agency of Serbia (RAS) is at the forefront of building the economic strength of the country and boosting its reputation and global competitiveness. GMI POST spoke with RAS Director for International Cooperation Nikola Jankovic to ask: Why invest in Serbia?',
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'content' => '<p>Created in 2016 to attract more foreign investment into the country and support local business, <a href="https://ras.gov.rs/en" target="_blank" rel="noopener">Development Agency of Serbia (RAS)</a> is at the forefront of building the economic strength of the country and boosting its reputation and global competitiveness.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%207-RAS-Serbia%20Development%20Agency-Jankovic.jpeg" alt="" />
<figcaption class="image-caption">RAS Director for International Cooperation Nikola Jankovic</figcaption>
</figure>
<p>GMI POST spoke with RAS Director for International Cooperation Nikola Jankovic and Public Relations and Communications Advisor Dragana Krunic to ask them: Why invest in Serbia?</p>
<p>“We are here to show all the different opportunities in Serbia from north to south, from east to west,” said Jankovic, who stressed that foreign direct investment has grown steadily over the past four years and has averaged 3 billion euros annually. Since 2007, inward foreign investment has amounted to more than 37 billion euros.</p>
<p>Jankovic attributes the growing interest in Serbia to four main factors: the availability of highly skilled labor as evidenced by Serbia's low unemployment rate of 12.8%; competitive operating costs relative to neighboring countries; its strategic location, which gives businesses an opportunity to operate as a manufacturing hub for duty-free exports to more than 1 billion consumers in the EU; and corporate and payroll tax incentives provided by the government to foreign investors.</p>
<p>By promoting all of these benefits, RAS has built a well-connected ecosystem of international and domestic companies, among which are Nidec, ZF Friedrichshafen, Toyo Tires, Bizerba, Schneider Electric, Yazaki, Johnson Electric, Siemens, and Bosch.</p>
<p>“They have a good partner in our agency to help and guide them through the whole process,” said Jankovic, who mentions that Serbia leads Western Balkan nations, as well as the Central and Eastern European regions, in the number of greenfield projects. Of the 147 greenfield projects in the Western Balkans, 105 are located in Serbia.</p>
<p>Meanwhile Krunic urges more investors to check out Serbia, adding that RAS is ready to provide support, from planning all the way to the implementation.</p>
<p>“We communicate with our partner investors and offer after-care services, so they can be in touch with us for any issues even after implementation. RAS Direct Investment Advisors are available at all times to answer any questions or provide assistance. That's the kind of stable and reliable partner they can expect in Serbia,” Krunic said.</p>',
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'title' => 'Honda Aircraft Co. is instrumental in attracting more investment to North Carolina ',
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'description' => 'Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is Honda Aircraft Co. in Greensboro. ',
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'content' => '<p>Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is <a href="https://www.hondajet.com/" target="_blank" rel="noopener">Honda Aircraft Co.</a> in Greensboro. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Honda%20Jet-Yamasaki.jpg" alt="" />
<figcaption class="image-caption">Honda Aircraft President and CEO Hideto Yamasaki</figcaption>
</figure>
<p>“The people and board members of the Chamber of the North Carolina have recognized that Honda’s presence continues to make a good impact on the state. Since Honda came in and made progress, other companies have begun looking into investing in this region,” said Honda Aircraft President and CEO Hideto Yamasaki.</p>
<p>Honda Aircraft’s massive business operations involves partnership and contracts with more than 200 suppliers. While its jets may not be the most affordable among competitors, customers have placed bigger value in Honda’s commitment to the advancement of mobility and environmental sustainability in its pursuit of growth. The HondaJet fleet is now comprised of more than 230 aircraft in operation, and the number continues to increase.</p>
<p>“The HondaJet consumes 15% less fuel than its competitors,” stressed Yamasaki, who takes pride in the company’s dedication to global carbon neutrality. </p>
<p>Since the first HondaJet was delivered in late 2015, the company has continuously found ways to develop more fuel efficient and greener aircrafts.</p>
<p>“Honda Aircraft has made valuable contributions to the aviation industry because we are bringing business aviation to a wider range of users. We will continue doing so by delivering new products and services that create new values for our customers as well as the local community,” Yamasaki said.</p>
<p>“We announced a concept project about a year ago to build a new business jet that can fly non-stop from the East Coast to the West Coast. We are working on that and in 2023, we will be able to unveil more details about this new project,” he added.</p>
<p>With the upcoming jet, Yamasaki is confident that even more customers will make their way to Greensboro.</p>',
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'title' => 'Takeuchi Manufacturing says full-American workforce is an advantage',
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'description' => 'Japanese heavy machinery manufacturer Takeuchi Manufacturing survived the COVID-19 pandemic because of the importance of its products. "We are classified as an essential business because we provided a lot of equipment to utility sector, septic tank installation, and plumbing industry," Takeuchi Mfg. U.S. President Jeff Stewart explained.',
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'content' => '<p>Japanese heavy machinery manufacturer Takeuchi Manufacturing survived the COVID-19 pandemic because of the importance of its products.</p>
<p>“We are classified as an essential business because we provided a lot of equipment to utility sector, septic tank installation, and plumbing industry. So, we stayed working the entire time,” explained <a href="https://www.takeuchi-us.com/" target="_blank" rel="noopener">Takeuchi Mfg. U.S.</a> President Jeff Stewart.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Takeuchi-Jeff%20Stewart.jpg" alt="" />
<figcaption class="image-caption">Takeuchi Mfg. U.S. President Jeff Stewart</figcaption>
</figure>
<p>Takeuchi believes that having a fully-American managed company provides an advantage to them because the team possesses a complete understanding of the U.S. market and can connect more closely with their customers.</p>
<p>As the United States accounts for 90% of all track loader products purchased, Takeuchi decided to bring production closer to its customers. The company has since expanded across the Southeast. This year, it opened its first production facility in Moore, South Carolina, after having previously opened three others in Jackson County, Georgia.</p>
<p>“South Carolina was a great fit for us being only an hour and 45 minutes up the road. It gives us very easy access. It is also very easy for our suppliers and trucks to get in and out. It just was a win for us to purchase that facility. New production facilities, building costs, and land are quite expensive in Japan, but we are able to lower those costs here in the U.S. by buying the [South Carolina] facility,” Stewart explained.</p>
<p>In September, the South Carolina facility made history by manufacturing the first Takeuchi track loaders outside Japan.</p>
<p>The U.S. subsidiary, according to Stewart, is Takeuchi Japan’s largest customer and accounts for more than 50% of global sales and revenue.</p>',
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'content' => '<p><a href="https://ykkamericas.com/" target="_blank" rel="noopener">YKK Corp. of America</a> has fully embraced its founder Tadao Yoshida’s corporate philosophy “Cycle of Goodness,” which states that no one prospers without rendering benefit to others, particularly the community.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-YKK%20America-Jessica%20Cork.jpg" alt="" />
<figcaption class="image-caption">Jessica Kennett Cork, YKK Corp. of America's vice president for community engagement and corporate communications</figcaption>
</figure>
<p>“Everything that we do within the company, all of our business activities, all of our engagement with the community is in keeping with that philosophy. Sustainability has always been very important for us,” said Jessica Kennett Cork, YKK Corp. of America’s vice president for community engagement and corporate communications.</p>
<p>YKK has subscribed to the UN’s Sustainable Development Goal to achieve climate neutrality by 2050. It opened its first U.S. office in New York in 1960 and established operations in Georgia in 1970.</p>
<p>“We set up operations here in Georgia because at the time, the textile industry was shifting from the Northeast to the Southeast region of the United States. The founder of the company had a dream of manufacturing in the United States and wanted to establish a vertically integrated manufacturing facility,” Cork said.</p>
<p>“We just continued to expand, grow, and develop a very strong presence in Georgia. All of our companies are headquartered in Georgia now,” she added.</p>
<p>To date, the entire YKK Americas Group employs around 1,500 employees in Georgia and around 4,000 in total in North, Central and South America.</p>
<p>While YKK has become a household name in zippers, the company makes other products with industrial applications for automotive companies, the American military, and the aerospace industry.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'description' => 'Belgium-based supplier of semiconductor solutions Melexis has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'description' => 'For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.
Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.',
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'content' => '<p>For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Tourism-Ponza.jpeg" alt="" />
<figcaption class="image-caption">Ponza is among Italy's under-the-radar destinations that is sure to please any tourist.</figcaption>
</figure>
<p>Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.</p>
<p><strong>Umbria</strong></p>
<p>With its lush landscape foliage and the small-town charm found across Tuscany, the region of Umbria in central is famous for its grapes and black truffles. Visitors come to sample its white Grechetto and red Sagrantino wines.</p>
<p>Another popular activity for tourists are truffle hunting and cooking classes.</p>
<p>Every July since 2003, the region’s capital, Perugia, also stages Umbria Jazz, one of the world’s largest jazz festivals. From June to July, the city of Spoleto holds the Festival de Due Mondi, a music and opera festival.</p>
<p><strong>Sardinia</strong></p>
<p>Not much of a well-held secret, Sardinia provides the ultimate island escape. The top attraction is the Costa Smeralda, or Emerald Coast, with its white sand beaches and exclusive resorts, which are frequented by celebrities, business and political leaders, as well as affluent guests.</p>
<p>Outside the Costa Smerlada, the capital Cagliari has well-preserved archeological and historic sites that go back as far as the Ancient Greeks and Romans.</p>
<p><strong>Ponza</strong></p>
<p>Only a three-hour boat ride from Rome, the island of Ponza allows visitors to a quiet escape from the hustle of the Italian capital.</p>
<p>The island may not have the long stretches of beach found on other islands. But, it has unique offerings: dramatic cliffs that look out to crystal-clear waters, multicolored homes, and rustic villages.</p>
<p>The best part is the fresh seafood that dominate the local cuisine, and all at prices more reasonable than in other island resorts in Italy, like Capri.</p>
<p><strong>Bergamo</strong></p>
<p>In the older upper district of Bergamo, Citta Alta is a must-see destination. Sitting on a hilltop and accessible by funicular, the city is contained within walls built by the Venetians and characterized by its cobblestone streets.</p>
<p>A visit will feel like a step back in time. Wander the streets aimlessly, marvel at the centuries-old churches, and allow the city to work its magic organically.</p>',
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'content' => '<p>The Lone Star State is closely associated with American football, barbeque, cowboys, and live music. On the other hand, Texas is also famous for having among the best hospitals in the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Texas%20leading%20fight%20against%20cancer-MD%20Anderson%20Cancer%20Ctr.jpeg" alt="" />
<figcaption class="image-caption">MD Anderson Cancer Center in Houston is considered the top cancer care hospital in the United States.</figcaption>
</figure>
<p>Home to more than 15 medical universities, 5,500 accredited medical hospitals, 6,100 top-rated biotechnology-related R&D and manufacturing firms, and more than 105,000 medical and life science-related professionals, Texas is a global leader in medical and biomedicine research, innovation, and services — including cancer treatment research and care.</p>
<p>Facilities such as the Texas Medical Center, the world’s largest medical complex, work hand-in-hand with local state universities and pharmaceutical companies to develop cutting-edge medical technology and treatments.</p>
<p>The Cancer Prevention and Research Institute of Texas (CPRIT), a state-funded initiative, has also been instrumental in expanding cancer treatment research and development. CPRIT is the second-largest taxpayer-funded cancer research organization in the world.</p>
<p>Other premier cancer research institutions in Texas that are working tirelessly to find a cure for cancer include the Baylor Scott & White Cancer Centers, Texas Oncology and Mary Crowley Cancer Research Centers, and the University of Texas MD Anderson Cancer Center, America’s top-ranked cancer center.</p>
<p>While many positive things can be said about the Lone Star State, that list must surely be topped by its invaluable contribution to creating a cancer-free world.</p>',
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'title' => 'Strategic partnerships provide win-win deals for Japan, Italy and the rest of the world',
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'description' => 'During an official visit to Italy this month, Japanese Prime Minister Fumio Kishida met with his Italian counterpart Giorgia Meloni to discuss how the countries to expand their strategic partnerships involving the economy, defense and culture.',
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'content' => '<p>During an official visit to Italy this month, Japanese Prime Minister Fumio Kishida met with his Italian counterpart Giorgia Meloni to discuss how the countries to expand their strategic partnerships involving the economy, defense and culture.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Strategic%20Partnerships-Port%20of%20Gioia%20Tauro.jpeg" alt="" />
<figcaption class="image-caption">The Port of Gioia Tauro in Reggio Calabria in southern Italy, the country's largest port for container throughput, is vital to regional and global trade because of its location in the Mediterranean Sea.</figcaption>
</figure>
<p>Following the working lunch at Palazzo Chigi, the official residence of the prime minister, the two leaders affirmed their commitment “to strengthen contacts at every level and open new fields (of cooperation) for citizens and companies.” They also announced that Japan and Italy will launch a bilateral foreign defense consultation mechanism during the first half of this year.</p>
<p>The defense initiative comes amid the ongoing concern over the war in Ukraine, which Kishida has said could be “tomorrow’s East Asia.” With the shifting global geopolitical situation, Japan and Italy want to maintain stability in the Indo-Pacific region, which is vital to international trade.</p>
<p>“We had a long talk that started with the excellent trade relations between Italy and Japan, which has reached 12 billion euros a year,” Meloni said.</p>
<p>Leading the efforts to attract more investment from around the world is the <a href="https://www.ice.it/en/" target="_blank" rel="noopener">Italian Trade Agenc</a>y, which was formed in 2011 and operates an office in Aoyama, Tokyo.</p>
<p>The two leaders also discussed the Global Compact Air Program, also known as Tempest. The program, spearheaded by by Italy, Japan, and the UK, aims to develop a sixth-generation vehicle that will bear significant results in civil and scientific research.</p>
<p>“Our long conversation demonstrates again that Japan, despite the geographical distance that apparently divides us, remains not only a friendly nation but a partner of central and strategic importance for Italy’s interests,” Meloni said.</p>',
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'title' => 'Why move your business to Italy?',
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'description' => 'Apart from traditional industries, like manufacturing and banking, Italy has also strengthened its global brand through its arts, culture, and tourism, which contribute billions of dollars to the national economy.
It was that broad diversity that cushioned Italy's economy from the crisis that stemmed from the Covid-19 pandemic. As the situation continues to normalize around the world, GMI Post answers why investors should make Italy their next investment location.',
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'content' => '<p>One of the world’s 10 largest economies and the third-largest in the European Union, Italy built its strength on the diversity of its economic base, which range from dozens of well-known global brands to tens of thousands of small- medium-size firms.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Locating%20to%20Italy-Italian%20Trade%20Agency.jpeg" alt="" />
<figcaption class="image-caption">The Italian Trade Agency has become a one-stop shop for those who want to invest in the country.</figcaption>
</figure>
<p>Apart from traditional industries, like manufacturing and banking, Italy has also strengthened its global brand through its arts, culture, and tourism, which contribute billions of dollars to the national economy.</p>
<p>It was that broad diversity that cushioned Italy’s economy from the crisis that stemmed from the Covid-19 pandemic. As the situation continues to normalize around the world, GMI Post answers why investors should make Italy their next investment location.</p>
<p><strong>It is perfectly positioned, logistics-wise.</strong></p>
<p>Italy is at the center of the Mediterranean Sea, which means that the country is a convenient gateway to the European Union, Northern Africa, and the Middle East. The country also has an extensive rail network and excellent highways that make the transportation of goods quick and cost-effective.</p>
<p>To attract more foreign investment, the government set up the <a href="https://www.ice.it/en/" target="_blank" rel="noopener">Italian Trade Agency</a>, which acts as a one-stop shop by responding to all queries from any interested party, helping companies set up their operations, and supporting businesses with after-care services. The agency has information about relevant tax credits and incentives available to investors.</p>
<p><strong>Italy has a large manufacturing base.</strong></p>
<p>Italy is one of the largest manufacturing countries in the European Union. Investors can partner with a long list of companies with a rich history in making world-class products, whether they be automobiles, machinery, tools, food, pharmaceuticals, textiles and clothing.</p>
<p>That manufacturing ecosystem includes a robust network of intermediate suppliers that enhance production, delivery and cost savings,</p>
<p><strong>The country is an innovation hub.</strong></p>
<p>Each year, Italy spends more than 25 billion euros in research and development. Manufacturers are early adopters of new technology, integrating them into their newest products and processes.</p>
<p>That openness to innovation is also found in the country’s universities and research centers, which have helped nurture a network of innovative incubators.</p>',
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'title' => 'Visiting Italy and escaping the crowds',
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'description' => 'For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.
Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.',
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'content' => '<p>For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Tourism-Ponza.jpeg" alt="" />
<figcaption class="image-caption">Ponza is among Italy's under-the-radar destinations that is sure to please any tourist.</figcaption>
</figure>
<p>Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.</p>
<p><strong>Umbria</strong></p>
<p>With its lush landscape foliage and the small-town charm found across Tuscany, the region of Umbria in central is famous for its grapes and black truffles. Visitors come to sample its white Grechetto and red Sagrantino wines.</p>
<p>Another popular activity for tourists are truffle hunting and cooking classes.</p>
<p>Every July since 2003, the region’s capital, Perugia, also stages Umbria Jazz, one of the world’s largest jazz festivals. From June to July, the city of Spoleto holds the Festival de Due Mondi, a music and opera festival.</p>
<p><strong>Sardinia</strong></p>
<p>Not much of a well-held secret, Sardinia provides the ultimate island escape. The top attraction is the Costa Smeralda, or Emerald Coast, with its white sand beaches and exclusive resorts, which are frequented by celebrities, business and political leaders, as well as affluent guests.</p>
<p>Outside the Costa Smerlada, the capital Cagliari has well-preserved archeological and historic sites that go back as far as the Ancient Greeks and Romans.</p>
<p><strong>Ponza</strong></p>
<p>Only a three-hour boat ride from Rome, the island of Ponza allows visitors to a quiet escape from the hustle of the Italian capital.</p>
<p>The island may not have the long stretches of beach found on other islands. But, it has unique offerings: dramatic cliffs that look out to crystal-clear waters, multicolored homes, and rustic villages.</p>
<p>The best part is the fresh seafood that dominate the local cuisine, and all at prices more reasonable than in other island resorts in Italy, like Capri.</p>
<p><strong>Bergamo</strong></p>
<p>In the older upper district of Bergamo, Citta Alta is a must-see destination. Sitting on a hilltop and accessible by funicular, the city is contained within walls built by the Venetians and characterized by its cobblestone streets.</p>
<p>A visit will feel like a step back in time. Wander the streets aimlessly, marvel at the centuries-old churches, and allow the city to work its magic organically.</p>',
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'id' => '545345',
'title' => 'The United Kingdom: Out of the past and into the future',
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'description' => 'The US-UK alliance is unique in that it has endured two world wars, two global pandemics, and the uncertainty that recent geopolitical tensions have brought forth.',
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'content' => '<p>The US-UK alliance is unique in that it has endured two world wars, two global pandemics, and the uncertainty that recent geopolitical tensions have brought forth.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Investment-Trade%20Fair.jpeg" alt="" />
<figcaption class="image-caption">The UK has consistently promoted trade partnerships with the rest of the world over the last several years.</figcaption>
</figure>
<p>“One of the biggest opportunities is the United States. The U.S. is the world’s largest economy, our closest security and defense partner, and one of our oldest friends. We are the biggest investors in each other’s economies and natural economic partners,” said former Minister of Investment Lord Gerry Grimstone.</p>
<p>As the world eases out of the pandemic and its attendant supply chain disruptions, 2023 is looking to become a banner year for UK-US economic relations. Among the hallmarks of the oft-cited special relationship is the presence of American companies in the British Isles.</p>
<p>As of 2019, according to government figures, there were nearly 33,000 U.S.-owned businesses operating in the UK, which generated close to 1.5 million jobs.</p>
<p>As the birthplace of the Industrial Revolution, Britain has long been considered a global hub of innovation. More than a century after, the United Kingdom leads the way in a number of industries, such as advanced manufacturing, aerospace, defense, automotive, and IT.</p>
<p>The UK’s excellence in education and research has produced a highly skilled and educated workforce. Many of the world’s top universities, such as Oxford, Cambridge, and the University of Edinburgh, are located in the UK. In fact, 3 out of 10 jobs in American firms based in the UK come from high-skilled sectors, such as scientific, technical, IT activities, and finance.</p>
<p>On top of that, the UK is also a melting pot of different cultures and ethnicities. People from its former colonies and dominions have brought with unique perspectives and approaches to various challenges and opportunities.</p>
<p>According to Diversity UK, 13 out of every 100 people in the country have ethnic minority backgrounds, while in London, that ratio jumps to 4 out of every 10.</p>
<p>That combination of a robust economic base, excellent educational and research institutions, and diverse workforce spells bright future for the UK economy.</p>',
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'description' => 'The UK government has announced various funding initiatives, tax incentives and other support programs to help new businesses get off the ground. Among those initiatives is the Enterprise Investment Scheme and Venture Capital Trusts, which help a company upon opening and provides tax relief to individual investors who buy into the new venture.',
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'content' => '<p>The UK government has announced various funding initiatives, tax incentives and other support programs to help new businesses get off the ground. Among those initiatives is the Enterprise Investment Scheme and Venture Capital Trusts, which help a company upon opening and provides tax relief to individual investors who buy into the new venture.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Entrepreneurship-Data%20Centre.jpeg" alt="" />
<figcaption class="image-caption">Aside from data technology, the UK will continue to lead in innovation in a wide range of other sectors for as long as the government continues funding research and supports bold business ventures.</figcaption>
</figure>
<p>The country has had a strong spirit of entrepreneurship. It goes as far back as the Middle Ages with the rise of trade guilds. Then, the Age of Exploration resulted in a merchant class that embraced risk. Today, the UK boasts a vibrant ecosystem of small and medium-sized enterprises (SMEs) that are driving innovation and growth in a variety of sectors.</p>
<p>Meanwhile, <a href="https://www.ukri.org/councils/innovate-uk/" target="_blank" rel="noopener">Innovate UK</a>, a non-departmental public body, accelerates economic growth by supporting private sector-led innovation. The agency provides access to the latest cutting-edge technology and also creates opportunities for collaboration between companies and researchers.</p>
<p>Because of its strong and stable economy, the UK has remained an attractive destination for American investment, as well as other multinational companies looking for an ideal base for operations. While London has long been a hub of finance, around 60% of employment in US-owned local business units is outside of London, according to government figures.</p>',
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'title' => 'Facing the future with full confidence ',
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'description' => 'According to EY's 2022 Business Attractiveness Survey, the UK ranks No. 2 in foreign direct investment attractiveness, while Jonathan Frick, a partner at London-based consultancy Bain & Company notes that, "U.S. companies show significant confidence in the UK as a place to do business, both now and in the future."',
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'content' => '<p>According to EY’s 2022 Business Attractiveness Survey, the UK ranks No. 2 in foreign direct investment attractiveness, while Jonathan Frick, a partner at London-based consultancy Bain & Company notes that, “U.S. companies show significant confidence in the UK as a place to do business, both now and in the future.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-FA-UK-NLs-WK%201-Business%20Future-City%20of%20London.jpeg" alt="" />
<figcaption class="image-caption">Within the fabled Square Mile, The City of London characterizes the British spirit of innovation in business.</figcaption>
</figure>
<p>Despite the headwinds brought about by the Covid-19 pandemic and the war in Ukraine, the UK has retained the confidence of the global business community because of the following factors: its long-standing respect for the rule of law, its highly-skilled workforce, and the excellence of its universities and research institutes.</p>
<p>In the Heritage Foundation’s 2022 Index of Economic Freedom, the UK got an overall score of 72.2 and in terms of property rights protection received a score of 96.2. The report said: “The rule of law is so well established that London has become an international hub for dispute resolution.”</p>
<p>While many countries face a labor shortage, exemplified by the so-called Great Resignation, the UK continues attract top talent through its top-notch research universities, as well as through inward migration.</p>
<p>Amanda Solloway MP, the Lord Commissioner of the Treasury, said, “The government has set out plans to make the UK the best destination in the world for researchers, making sure that it continues to attract the brightest and the best from the UK and from overseas, cementing its status as a science superpower.”</p>
<p>Drawing from centuries of learning, experimentation, and risk-taking, UK universities, such as Oxford, Cambridge, and the University of Edinburgh, have become bastions of intellectual curiosity, free inquiry, and ingenuity.</p>
<p>Aside from its reputation as a global financial center, London is also, according to The City of London Corporation, a “global center of academic excellence, with strong links between academic institutes and business.”</p>
<p>In the field of digital innovation, the corporation says London hosts more highly qualified AI experts and software developers than any other European city. With 58.5% of the workforce educated to at least degree level, it is home to one of the most skilled workforces in the world.</p>
<p>In a world constantly in flux, the UK leans on its deep tradition of intellectual inquiry in order to innovate. It is a country proud of its past, but it is also a country that, having faced so many upheavals in its history and prevailing over them, is confident in meeting all future challenges.</p>',
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'section_summary' => 'According to EY's 2022 Business Attractiveness Survey, the UK ranks No. 2 in foreign direct investment attractiveness, while Jonathan Frick, a partner at London-based consultancy Bain & Company notes that, "U.S. companies show significant confidence in the UK as a place to do business, both now and in the future."',
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'id' => '545330',
'title' => 'Japan: Serbia is a key partner',
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'description' => 'As Serbia and Japan celebrate 140 years of friendly relations, GMI POST reached out to the Ambassador of Japan to Serbia H.E. Takahiko Katsumata to discuss the shared history of the two countries and the future of bilateral ties.',
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'content' => '<p>As Serbia and Japan celebrate 140 years of friendly relations, GMI POST reached out to the <a href="https://www.yu.emb-japan.go.jp/itprtop_sr/index.html" target="_blank" rel="noopener">Ambassador of Japan to Serbia</a> H.E. Takahiko Katsumata to discuss the shared history of the two countries and the future of bilateral ties.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%207-Japan%20Embassy%20Serbia-Takahiko%20Katsumata.jpg" alt="" />
<figcaption class="image-caption">Ambassador of Japan to Serbia H.E. Takahiko Katsumata</figcaption>
</figure>
<p>“We have been fostering good relations with Serbia despite the distance of 9,000 km,” said the Ambassador, who highlighted the mutual respect and trust that have been grown for more than a century. Katsumata also expressed his gratitude to the Serbia government, local authorities, and cultural groups for organizing several events to commemorate the milestone.</p>
<p>As the two nations see the number of high-level state visits increase, Katsumata pointed out that relations between Japan and Serbia, both diplomatic and economic, have grown much closer over time.</p>
<p>The highpoint came during the visit of late Japanese Prime Minister Shinzo Abe in 2018, when he unveiled the Western Balkans Cooperation Initiative, which aims to support socio-economic reforms in the region ahead of their accession to the European Union.</p>
<p>Today, there are more than 30 Japanese companies doing business in Serbia including JTI, Yazaki Corporation, Toyo Tire Corporation, and Nidec Corporation, all of which, according to Katsumata, recognized Serbia’s high-quality products, world-class talent, and commitment to social development.</p>
<p>“There are many regional and global issues that we need to tackle together, such as sustainable development, climate change, clean energy, and disaster management. Given our history of friendship and cooperation, I believe Japan and Serbia can be excellent partners to take on these responsibilities for future generations,” he said.</p>
<p>The Ambassador also expressed interest in further promoting sports exchanges with Serbia. The two countries both progressed beyond the group stages in the FIFA World Cup Finals in Qatar this year. Serbia’s national team manager, Dragan Stojkovic, spent seven years in Japan playing for Japanese club Nagoya Grampus Eight.</p>
<p>“In my two years as Ambassador of Japan in Serbia, I have experienced the warm hospitality of the Serbian people and the country’s rich culture and tradition,” said Katsumata as he invited more Japanese companies and tourists to visit Serbia and experience the country.</p>',
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'id' => '545332',
'title' => 'RAS: Bringing the world to Serbia, and Serbia to the world',
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'description' => 'Created in 2016 to attract more foreign investment into the country and support local business, Development Agency of Serbia (RAS) is at the forefront of building the economic strength of the country and boosting its reputation and global competitiveness. GMI POST spoke with RAS Director for International Cooperation Nikola Jankovic to ask: Why invest in Serbia?',
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'url' => 'ras-bringing-the-world-to-serbia-and-serbia-to-the-world',
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'content' => '<p>Created in 2016 to attract more foreign investment into the country and support local business, <a href="https://ras.gov.rs/en" target="_blank" rel="noopener">Development Agency of Serbia (RAS)</a> is at the forefront of building the economic strength of the country and boosting its reputation and global competitiveness.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%207-RAS-Serbia%20Development%20Agency-Jankovic.jpeg" alt="" />
<figcaption class="image-caption">RAS Director for International Cooperation Nikola Jankovic</figcaption>
</figure>
<p>GMI POST spoke with RAS Director for International Cooperation Nikola Jankovic and Public Relations and Communications Advisor Dragana Krunic to ask them: Why invest in Serbia?</p>
<p>“We are here to show all the different opportunities in Serbia from north to south, from east to west,” said Jankovic, who stressed that foreign direct investment has grown steadily over the past four years and has averaged 3 billion euros annually. Since 2007, inward foreign investment has amounted to more than 37 billion euros.</p>
<p>Jankovic attributes the growing interest in Serbia to four main factors: the availability of highly skilled labor as evidenced by Serbia's low unemployment rate of 12.8%; competitive operating costs relative to neighboring countries; its strategic location, which gives businesses an opportunity to operate as a manufacturing hub for duty-free exports to more than 1 billion consumers in the EU; and corporate and payroll tax incentives provided by the government to foreign investors.</p>
<p>By promoting all of these benefits, RAS has built a well-connected ecosystem of international and domestic companies, among which are Nidec, ZF Friedrichshafen, Toyo Tires, Bizerba, Schneider Electric, Yazaki, Johnson Electric, Siemens, and Bosch.</p>
<p>“They have a good partner in our agency to help and guide them through the whole process,” said Jankovic, who mentions that Serbia leads Western Balkan nations, as well as the Central and Eastern European regions, in the number of greenfield projects. Of the 147 greenfield projects in the Western Balkans, 105 are located in Serbia.</p>
<p>Meanwhile Krunic urges more investors to check out Serbia, adding that RAS is ready to provide support, from planning all the way to the implementation.</p>
<p>“We communicate with our partner investors and offer after-care services, so they can be in touch with us for any issues even after implementation. RAS Direct Investment Advisors are available at all times to answer any questions or provide assistance. That's the kind of stable and reliable partner they can expect in Serbia,” Krunic said.</p>',
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'id' => '545333',
'title' => 'Honda Aircraft Co. is instrumental in attracting more investment to North Carolina ',
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'description' => 'Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is Honda Aircraft Co. in Greensboro. ',
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'content' => '<p>Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is <a href="https://www.hondajet.com/" target="_blank" rel="noopener">Honda Aircraft Co.</a> in Greensboro. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Honda%20Jet-Yamasaki.jpg" alt="" />
<figcaption class="image-caption">Honda Aircraft President and CEO Hideto Yamasaki</figcaption>
</figure>
<p>“The people and board members of the Chamber of the North Carolina have recognized that Honda’s presence continues to make a good impact on the state. Since Honda came in and made progress, other companies have begun looking into investing in this region,” said Honda Aircraft President and CEO Hideto Yamasaki.</p>
<p>Honda Aircraft’s massive business operations involves partnership and contracts with more than 200 suppliers. While its jets may not be the most affordable among competitors, customers have placed bigger value in Honda’s commitment to the advancement of mobility and environmental sustainability in its pursuit of growth. The HondaJet fleet is now comprised of more than 230 aircraft in operation, and the number continues to increase.</p>
<p>“The HondaJet consumes 15% less fuel than its competitors,” stressed Yamasaki, who takes pride in the company’s dedication to global carbon neutrality. </p>
<p>Since the first HondaJet was delivered in late 2015, the company has continuously found ways to develop more fuel efficient and greener aircrafts.</p>
<p>“Honda Aircraft has made valuable contributions to the aviation industry because we are bringing business aviation to a wider range of users. We will continue doing so by delivering new products and services that create new values for our customers as well as the local community,” Yamasaki said.</p>
<p>“We announced a concept project about a year ago to build a new business jet that can fly non-stop from the East Coast to the West Coast. We are working on that and in 2023, we will be able to unveil more details about this new project,” he added.</p>
<p>With the upcoming jet, Yamasaki is confident that even more customers will make their way to Greensboro.</p>',
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'id' => '545334',
'title' => 'Takeuchi Manufacturing says full-American workforce is an advantage',
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'description' => 'Japanese heavy machinery manufacturer Takeuchi Manufacturing survived the COVID-19 pandemic because of the importance of its products. "We are classified as an essential business because we provided a lot of equipment to utility sector, septic tank installation, and plumbing industry," Takeuchi Mfg. U.S. President Jeff Stewart explained.',
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'content' => '<p>Japanese heavy machinery manufacturer Takeuchi Manufacturing survived the COVID-19 pandemic because of the importance of its products.</p>
<p>“We are classified as an essential business because we provided a lot of equipment to utility sector, septic tank installation, and plumbing industry. So, we stayed working the entire time,” explained <a href="https://www.takeuchi-us.com/" target="_blank" rel="noopener">Takeuchi Mfg. U.S.</a> President Jeff Stewart.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Takeuchi-Jeff%20Stewart.jpg" alt="" />
<figcaption class="image-caption">Takeuchi Mfg. U.S. President Jeff Stewart</figcaption>
</figure>
<p>Takeuchi believes that having a fully-American managed company provides an advantage to them because the team possesses a complete understanding of the U.S. market and can connect more closely with their customers.</p>
<p>As the United States accounts for 90% of all track loader products purchased, Takeuchi decided to bring production closer to its customers. The company has since expanded across the Southeast. This year, it opened its first production facility in Moore, South Carolina, after having previously opened three others in Jackson County, Georgia.</p>
<p>“South Carolina was a great fit for us being only an hour and 45 minutes up the road. It gives us very easy access. It is also very easy for our suppliers and trucks to get in and out. It just was a win for us to purchase that facility. New production facilities, building costs, and land are quite expensive in Japan, but we are able to lower those costs here in the U.S. by buying the [South Carolina] facility,” Stewart explained.</p>
<p>In September, the South Carolina facility made history by manufacturing the first Takeuchi track loaders outside Japan.</p>
<p>The U.S. subsidiary, according to Stewart, is Takeuchi Japan’s largest customer and accounts for more than 50% of global sales and revenue.</p>',
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'title' => 'YKK Corp. of America strengthens commitment to sustainability',
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'description' => 'YKK Corp. of America has fully embraced its founder Tadao Yoshida's corporate philosophy "Cycle of Goodness," which states that no one prospers without rendering benefit to others, particularly the community. ',
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'content' => '<p><a href="https://ykkamericas.com/" target="_blank" rel="noopener">YKK Corp. of America</a> has fully embraced its founder Tadao Yoshida’s corporate philosophy “Cycle of Goodness,” which states that no one prospers without rendering benefit to others, particularly the community.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-YKK%20America-Jessica%20Cork.jpg" alt="" />
<figcaption class="image-caption">Jessica Kennett Cork, YKK Corp. of America's vice president for community engagement and corporate communications</figcaption>
</figure>
<p>“Everything that we do within the company, all of our business activities, all of our engagement with the community is in keeping with that philosophy. Sustainability has always been very important for us,” said Jessica Kennett Cork, YKK Corp. of America’s vice president for community engagement and corporate communications.</p>
<p>YKK has subscribed to the UN’s Sustainable Development Goal to achieve climate neutrality by 2050. It opened its first U.S. office in New York in 1960 and established operations in Georgia in 1970.</p>
<p>“We set up operations here in Georgia because at the time, the textile industry was shifting from the Northeast to the Southeast region of the United States. The founder of the company had a dream of manufacturing in the United States and wanted to establish a vertically integrated manufacturing facility,” Cork said.</p>
<p>“We just continued to expand, grow, and develop a very strong presence in Georgia. All of our companies are headquartered in Georgia now,” she added.</p>
<p>To date, the entire YKK Americas Group employs around 1,500 employees in Georgia and around 4,000 in total in North, Central and South America.</p>
<p>While YKK has become a household name in zippers, the company makes other products with industrial applications for automotive companies, the American military, and the aerospace industry.</p>',
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'id' => '545756',
'title' => 'Renowned U.S. chip designer wants to end Nvidia's global dominance',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
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<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'title' => 'ITOCHU invests in U.S. hydrogen aircraft engine maker ZeroAvia',
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'description' => 'Japanese trading giant ITOCHU announced this month it had invested in ZeroAvia, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'description' => 'For the third time in the last five years, Virginia was ranked America's Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'description' => 'The U.S. subsidiary of Japanese group FANUC, one of the world's largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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'description' => 'For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.
Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.',
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'content' => '<p>For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buffs, and sun worshippers every year.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%201-Tourism-Ponza.jpeg" alt="" />
<figcaption class="image-caption">Ponza is among Italy's under-the-radar destinations that is sure to please any tourist.</figcaption>
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<p>Apart from Rome, Venice, Florence and Milan, Italy has under-the-radar destinations that draw you away from the crowds but offer an equally satisfying experience.</p>
<p><strong>Umbria</strong></p>
<p>With its lush landscape foliage and the small-town charm found across Tuscany, the region of Umbria in central is famous for its grapes and black truffles. Visitors come to sample its white Grechetto and red Sagrantino wines.</p>
<p>Another popular activity for tourists are truffle hunting and cooking classes.</p>
<p>Every July since 2003, the region’s capital, Perugia, also stages Umbria Jazz, one of the world’s largest jazz festivals. From June to July, the city of Spoleto holds the Festival de Due Mondi, a music and opera festival.</p>
<p><strong>Sardinia</strong></p>
<p>Not much of a well-held secret, Sardinia provides the ultimate island escape. The top attraction is the Costa Smeralda, or Emerald Coast, with its white sand beaches and exclusive resorts, which are frequented by celebrities, business and political leaders, as well as affluent guests.</p>
<p>Outside the Costa Smerlada, the capital Cagliari has well-preserved archeological and historic sites that go back as far as the Ancient Greeks and Romans.</p>
<p><strong>Ponza</strong></p>
<p>Only a three-hour boat ride from Rome, the island of Ponza allows visitors to a quiet escape from the hustle of the Italian capital.</p>
<p>The island may not have the long stretches of beach found on other islands. But, it has unique offerings: dramatic cliffs that look out to crystal-clear waters, multicolored homes, and rustic villages.</p>
<p>The best part is the fresh seafood that dominate the local cuisine, and all at prices more reasonable than in other island resorts in Italy, like Capri.</p>
<p><strong>Bergamo</strong></p>
<p>In the older upper district of Bergamo, Citta Alta is a must-see destination. Sitting on a hilltop and accessible by funicular, the city is contained within walls built by the Venetians and characterized by its cobblestone streets.</p>
<p>A visit will feel like a step back in time. Wander the streets aimlessly, marvel at the centuries-old churches, and allow the city to work its magic organically.</p>',
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Visiting Italy and escaping the crowds
For many decades, Italy has been in the top 10 most visited countries, drawing millions of food lovers, art aficionados, fashionistas, history buff...
