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Expand chart
Reproduced from UBS Investor Sentiment 2Q 2019; Chart: Axios Visuals

A recently released survey of business owners around the world provides an interesting snapshot of expectations and worries for firms in different parts of the globe before Trump escalated the trade war.

What they're saying: European business owners were the least optimistic, while those in Latin America had the most optimism.

  • Fifty-five percent of Latin American business owners said they had "big growth plans" in the next 12 months, more than double the 20% of U.S. business owners and 22% higher than business owners in Asia.

When it came to their top concerns, cybersecurity was the most cited answer, chosen by 48% of global respondents, but there was a plurality of responses, ranging from having sufficient insurance to regulations.

  • Perhaps the most interesting development was the high cost of tariffs rising to the second most concerning business development in Asia.

Note: African business owners were conspicuously absent from the survey.

Go deeper: The world can't afford a trade war right now

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 6 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 8 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.