环球
huán qiú · HSK 7
worldwide
🌍 环 ring/loop + 球 globe = a loop around the globe = worldwide
环 means ring or loop, 球 means ball or globe. Together they read as looping around the whole globe, hence around the world or worldwide. Universal Studios is 环球影城, the globe-circling studio.
环 — jade radical 玉/王 + 睘 (huán phonetic)
环 is a phono-semantic compound. The left side 王 (a form of 玉 'jade') gives the meaning, since the original sense was a circular jade ring worn as an ornament. The right side 睘 supplies the sound 'huán'. From 'jade ring' the meaning broadened to 'ring, loop, encircle,' and in modern Chinese also 'environment' in 环境.
球 — jade radical 玉/王 + qiu 求 (phonetic)
球 is a semantic-phonetic compound. The left side 王 is the 'jade' radical, indicating the original meaning: a fine piece of jade or a jade ornament. The right side 求 supplies the sound 'qiu'. Over time the meaning broadened from a jade sphere to any round object, and today it most commonly means 'ball' or 'globe'.