Worldcrunch
PALO ALTO — Tucked away on Waverley Street in Palo Alto, California, the house where Steve Jobs used to live is an inconspicuous brick Tudor with rambling roses climbing all over. As one of the residential areas favored by Silicon Valley software engineers, a big house here usually costs well above $10 million. Over the […]
Bitcoin has had its ups and downs, in both value and public trust. But some recent deals in Latin America offer signs that the online currency may be here to stay.
An economist and daughter of one of the leading opponents of Portugal’s former dictatorship, Mariana Mortagua is challenging the status quo. Is this a new Syriza?
BEIJING — Since being sworn in as India’s prime minister last year, Narendra Modi’s ambitious reform agenda has made him one of Asia’s most-talked about leaders. The economic program that Modi has put forward is changing the world’s impression of India, confirmed by his just-completed three-day visit to China. At last month’s Hanover Fair, Modi […]
MOSCOW — Russia placed 45th in the world on the most recent Travel and Tourism Competitiveness Index, a ranking of 141 countries compiled twice a year by the World Economic Forum and Strategy Partners Group. This represents a significant improvement over the previous year, when it ranked 63rd. Industry analysts agree that the driving factor […]
Well-known brands such as Audi, Jagermeister and Granini are increasingly spending their advertising dollars to capture the attention of gay women, who tend to be high-wage earners and very loyal.
The American beverage giant has tried to pursue customers interested in healthier and more traditional beverages. But can they sell tea to the Chinese?
Major changes are afoot at Deutsche Bank, which weathered the 2008 economic storm but has been slow since then to adapt to changes in global financial markets.
This small Eastern European country is the Wild West (good guys and bad guys) of the fight for Internet security.
-Analysis- PARIS — As pharmacists look to the future, the first thing they should bear in mind is that the health market is growing as it never has before. But it’s also just as true that consumer habits are changing. People are better informed, more demanding and more prone to self-medication. All of those are […]
As the European Commission targets Russian state-owned energy giant Gazprom for antitrust violations, tensions between Europe and Russia over Ukraine are only bound to rise.
In our always plugged-in era of uber immediacy, some of us are willing and eager to wait ages to buy the latest smartphone or eat a certain hamburger from a truck.
NEW YORK — He spent his youth surfing on the beaches of Leblon, Rio’s most affluent neighborhood. He also had a certain talent for tennis, having been crowned national champion five times, participated in Wimbledon and two Davis Cups. This could have been the accomplishment of a lifetime — but for Jorge Lemann, it was […]
SHANGHAI — The Ford Motor Company is taking a notably bling-bling approach to this year’s Auto Shanghai 2015 exhibition, leaving the peppy-sporty market to competitors like Toyota and Volkswagen as it angles instead for China’s high rollers. As part of its push for the Asian giant’s upscale markets, the U.S. auto manufacturer debuted its Taurus […]
The UK’s second-largest city has struggled to reinvent itself for the post-Industrial age, but it’s now looking to thrive as a startup hub known as the “Silicon Canal.”
REYKJAVIK — “Welcome to the Bloody Gate …” The solemn announcement is made by Asthor Agustsson, a local tour guide who could easily pass for a Viking warrior. The ten tourists with Agustsson appear awestruck, walking along a path that traverses two abrupt cliffs, covered in snow, with a large frozen lake in the distance. […]
TEL AVIV ― Annual results for 2014 for Israeli tourism companies, hotels and airlines are not good, though few are surprised. Every sector linked to the travel and tourist industry is losing money due to the consequences of last summer’s conflict in Gaza. Prime Minister Benjamin Netanyahu’s government had approved a measure that promised that […]
Earning cash and starting a business are no longer frowned upon on the island nation, as the rapprochement with the U.S. sets the stage for a different kind of Cuban economy.
China is moving into a new phase of both political and economic power that will test both its skills and ambitions far beyond the factory walls.
France lags behind the rest of the industrialized world in facing fundamental changes to the nature of work. The old model dominated by wage labor just can’t compete.
Like with the 18th century Andean silver route for Spain, Argentina has become a short cut for sending Peruvian and Bolivian cocaine to Europe. It’s also a customer.
Located in the middle of the desert, DXB airport now surpasses London’s Heathrow in international travelers. Part museum, part high-end shopping gallery, it’s a global wonder.
-OpEd- SAO PAULO — The just-concluded Summit of the Americas in Panama was hailed as historic because it was the first time since the gathering began that both Cuba and the United States were present. And yet, there’s plenty of room for disappointment. The gathering of heads of state could have been even more significant […]
BERLIN — When you describe Benedikt Franke’s company as the Uber for housekeeping, the Helpling co-founder doesn’t so much as raise an eyebrow. He’s accustomed to the comparison. Helpling is like an online central booking service for cleaning professionals. In a few clicks, you indicate your area, the type of service you’re looking for (cleaning, […]
E-commerce, local partnerships and logistics are among the keys to success for foreign retailers trying to tap into the massive Chinese consumer market.
Though graft is reduced, there are new negative side-effects to the way public officials approach their work in what is billed as the *new normal*.
PARIS — First there was the campus. Next up Facebook city. The size of the “Zee town” project Mark Zuckerberg announced in February surprised many: For an estimated $200 billion, the king of social networks plans to build what will essentialy be an entire town — a 200-acre development in California’s Silicon Valley featuring supermarkets, […]
Germany’s first Sharia-compliant bank wants to revolutionize the finance sector of the European economic juggernaut. Investment in businesses related to alcohol and gambling are prohibited, as is the practice of charging interest, and Muslim and non-
BEIJIJNG — On March 12, Britain applied to join the China-led Asian Infrastructure Investment Bank (AIIB) as a founding member. It was the first major Western country to do so. Other European countries including France, Germany, Italy, but also Luxemburg and Switzerland have since followed suit. Not only has the AIIB attracted more than 20 […]
TEL AVIV — After the final breakdown of the election results were confirmed, it was clear who sent Benjamin Netanyahu back for another term as prime minister: the people of the so-called “periphery” of Israel, far away from the urban centers in Jerusalem, Tel Aviv and Haifa. Support from small towns and distant suburbs had […]
With scant help common from Frankfurt, a group of French intellectuals is calling for online donations to help the Greek people. Desperate times indeed.
ATHENS — In her beautiful Athens offices, billionaire Gianna Angelopoulos nurses a large cigar and calls it like she sees it on the promise of the radical-left Syriza party to levy new taxes to avoid the country going bankrup. “It’s gonna take balls,” says the 60-year-old. The wealth of her and husband Theodore is estimated […]
China’s investments and loans in Latin America ensure the flow of raw matericals to China and products back to the American continent. The lender has the long view in this formula.
Despite the ruble’s freefall, a shaky economy and growing international isolation, cosmetics companies and the beauty industry at large can rest easy that Russian women will buy what they’re selling.
TEL AVIV — When the coalition agreement is signed and the next Israeli government is officially formed as expected next month, it will have exactly 107 days to pass the state budget that will chart the country’s economic course. So even while the rest of the world may focus on the profiles of the incoming […]
BEIJING — It has taken a full seven years for Adidas to get back on track in China. In 2008, the Chinese market share of Adidas was just one percentage point behind American giant Nike. But just when the top spot in China seemed within the grasp of the German company, sales suddenly plummeted, and […]
Andreas Lubitz, who apparently suffered from depression, hid his condition before he deliberately crashed a plane with 150 people on board. A closer look at mental health controls at Lufthansa, which operated the low-cost Germanwings flight.
In just a few minutes, two technologies can print a sold-out or out-of-print book (or one that a reader simply wants to personalize) that looks exactly like the standard issue. Is this a game-changer for the publishing industry?
Bad urban planning, pollution, corruption, the Indian megapolis offers lessons on exactly how not to run your city.