From launching new air routes to studying Mandarin, Egypt’s tourism industry isn’t just standing idly by while post-revolution problems keep American and European visitors away.
Category: Economy
In the wake of the showdown over the Greek debt crisis, Germany has wound up in the role of European bad guy. Germans ask if there’s a way to make things better.
After a devastating leak and allegations of working with oppressive regimes, the Milan technology firm’s founder responds to the critics.
Athens must make some painful changes to survive and preserve its Eurozone membership. But the monetary pact needs to be fundamentally changed.
BUENOS AIRES — Domingo Faustino Sarmiento, the 19th century activist and intellectual who went on to be Argentina’s seventh president, was a firm believer in the education. “May the entire Republic be a school,” he famously said. Sarmiento understood how education and the knowledge people gain from it can contribute to social equality. Little did […]
PARIS — After a marathon 15-hour meeting, Greece and the 18 other Eurozone members finally reached an agreement to avoid a “Grexit.” The Greeks will keep the euro and receive financial support in exchange for implementing a stringent program of reforms by Wednesday at the latest. Greek Prime Minister Alexis Tsipras welcomed the deal which […]
BEIJING — For Yair Sarussi, chairman of Israel’s Bank Hapoalim, China is getting closer by the day. “You can feel the Chinese everywhere,” he told Calcalist. “Almost every week I meet three or four Chinese companies interested to come to Israel.” The Chinese presence is felt mainly in Israel’s high-tech sector — with investment in […]
CARUARU — For months now, water taps in some of northeastern Brazil’s cities have been running dry. Not during certain hours of the day. Or certain days of the week. But all the time. Morning and night. Day after day, with the exception of just two days per month. And it’s not just residents being […]
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Dairy In China, A Matter Of Distrust
BEIJING — In recent years, we have seen numerous Chinese dairy firms sign cooperation deals with and make acquisitions of foreign dairy companies. Such a strategy has thus helped introduce advanced technology into the Chinese market, and offer the advantages of low-priced international milk resources that allows China to compete against foreign brands’ milk-powder baby […]
From Athens’ corrupt and radical politicians to the staid bankers and diplomats of Brussels, all are to blame for the crisis in Greece. An un-lesson for modern politics.
As oil and commodities prices drop and the U.S. dollar is revalued, Latin American economies must prepare for life with less hard cash.
Amid all the talk of debt, defaults and deadlines, it is not easy to understand just what is actually going on in Greece. After yesterday’s momentous referendum, we shine the spotlight on five key points to offer a way out not only for Greece and the Eurozone, but for the rest of us on information […]
PARIS — The Eurozone is going through the most serious crisis of its short history. It will emerge from it either stronger — but this requires exceptional leadership from European leaders who, so far, have shown none — or deeply weakened. If the latter is the case, we will look back in history and say […]
A visit with Munich’s surprisingly robust Greek community finds families caught in the middle of Europe’s unfolding existential drama. Or tragedy.
MIAMI — Luis Flores has been on a roll of late, handling real estate deal after real estate deal and helping close, in the past 18 months, on no less than $1 billion worth of property. As the lawyer’s hot streak suggests, property investment has made a serious comeback in Miami, which is attracting capital […]
-OpEd- JERUSALEM — The government regularly shares its fears about the politically motivated economic boycott of Israel, worried about the long-term damage to the country’s economy and the specter of foreign investors running away. Unfortunately, we don’t see the same energy in battling the international boycott also put into fighting the rampant corruption in Israel, […]
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Who Is The Real Alexis Tsipras?
Those who know him best say Greek Prime Minister Tsipras is driven by three contradictory strands. Profile of a leader battling his ‘inner troika.’
-OpEd- HONG KONG — Lately there have been snarky voices and Internet taunting directed at Hong Kong. This mostly comes from Chinese mainlanders declaring that Hong Kong’s economy is doddering and unprogressive, and that from both an entrepreneurial and infrastructure point of view, it is lagging behind the world and mainland China. Other critics say […]
Latin America’s leading economies look for the formula to compete globally. They should start by studying local schools — and the bitter resistance to any education reform.
The Asian Infrastructure Investment Bank that China is leading will launch with 57 founding members, but Japan isn’t among them. Its dependency on the U.S. is a symptom of its outdated thinking, and will leave it badly isolated.
Behind the Chinese government’s easy shows of strength is a rising sense of insecurity within the regime.
Politically speaking, Greece’s return to the drachma currency would be a defeat. But economically speaking, it doesn’t threaten European stability, and could offer the Greeks a chance at redemption.
DONETSK — Komsomolets Donbas is one of the largest coal mines in the Donetsk region in eastern Ukraine. But for more than a year now, it’s been out of operation due to serious damage suffered by the war. There are holes from falling explosives. The electricity has been interrupted. And the entrance is practically collapsed. […]
PARIS — Are you bored at work? Do you stare blankly at your screen wondering what to do with the rest of your day? No doubt, you are a victim of “boreout,” which describes persistent boredom and disengagement in your work. What causes this listlessness and how can you solve it? Frédéric Méduin, a physician […]
Improving trade can boost Latin American economies to the tune of tens of billions of dollars. For that, states must cut the proliferating rules and red tape.
Au Revoir Dick Costolo, A Twitter World Trip by Worldcrunch
Unlike most leaders of finance and commerce in The City, leaving the EU is not a frightening thought for the Business for Britain movement.Â
-Op-Ed- SAO PAULO — Two studies published in recent months show how inequality around the world is becoming even more obscene than before. One such study is the UBS report on the rich that focuses on capital. The figures involved are predictably shocking, but one element in particular caught our attention: The wealth owned by […]
SYDNEY — Recently in this city’s trendy Darling Harbor district, a new high-end housing project of 581 apartments sold out in just five hours. One third of these flats — costing from 800,000 Australian dollars ($611,000) for a one-bedroom unit to more than 10 million ($7.6 million) for a luxury penthouse loft — were sold […]
The Greek Prime Minister’s ultimatum to Eurozone partners and other negotiators as the debt crisis reaches a critical hour. The full Le Monde editorial in English.
More and more countries are limiting cash transactions and the amount people can carry. Beyond the economic rationale, what are the moral implications?
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BEIJING — China’s Prime Minister, Li Keqiang, completed a tour last week of four South American countries — Brazil, Colombia, Peru and Chile — that marks a turning point between the Asian power and the Latin American region. With his arrival in Brazil on the second day, May 19, Li unveiled a major achievement: a […]
COLOGNE — Germany’s leading car insurance company, HUK Coburg, may be set to join the automobile coverage revolution. Beginning next year, the company will offer its customers so-called “telematics tariffs,” which feature lower premiums for those who agree to have their driving behavior remotely monitored via a special high-tech black box in their cars. The […]
Rich families from Guangzhou or Beijing are flocking to the new Asian “villages” of the famous French vacation brand. Activities include mahjong and karaoke but the beloved GOs (Genteel Organizers) are still here.
Invisible to the naked eye, the attitudes and regulations of local officials are blocking an expansion of private hospitals that most agree is much needed in China.
RAWABI — Qatari flags, Italian kitchens, WiFi in the streets, green public transport, and apartments for 40,000 inhabitants: Welcome to Rawabi, the first Palestinian city built from scratch. Anwar Hussein, a 48-year-old professor at the University of Bir Zeit, is among the first “pioneer” families who, now that Israeli authorities have finally agreed to connect […]
Though French bread and pastries have become popular across Asia, French chains have had trouble breaking in. Now one Korean boulangerie is opening up in Paris.
A Bogota-based NGO is helping some 30 farmers to sell organic produce directly to consumers. An oasis of clean food in the face of rising agrobusiness dominance.