Worldcrunch
In a recent interview, Goldman Sachs’ Jim O’Neill, whose pen gave birth to the concept of the BRICs —the constellation of emerging economic powers Brazil, Russia, India, and China (and now including South Africa) — said the countries’ combined growth had “exceeded all expectations.” Noted O’Neill, “in slightly over a decade the group’s GDP has […]
PHNOM PENH – A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ends, and some 200 heads lowered […]
In the nation of Burundi, serious efforts are being made to make businesses more attractive to outside investors. Still, it ranks near the very bottom of global transparency rankings.
Chinese firms setting up shop on the African continent must do their homework on more than just strictly business conditions.
CAIRO – As Egypt struggles to emerge from a period of deep financial uncertainty; government officials are looking towards the country’s vital shipping artery — the Suez Canal — as a major source of revenue and jobs. Officials from several government ministries have announced massive public-private partnerships aimed at developing the region. The hope, they […]
LES ECHOS (France) Worldcrunch A study published this week by two economists for the German Bertelsmann Foundation says that if Greece defaults on its debts and leaves the euro zone, it would cost the world’s major economies 17.8 trillion euros by 2020, and cause a severe worldwide depression, reports French business newspaper Les Echos. Greece’s […]
MOSCOW – The traffic jams in Russia’s capital have become world-famous in the last several years, so bad that in 2010 the Federal Government decided to address the problem directly. At the time, then-President Dimitri Medvedev commissioned a plan for the development of Moscow’s transportation system through the year 2020 that aims to get Muscovites […]
BERLIN – She was an icon of glamour and beauty. But Marilyn Monroe also knew how to appreciate the timeless value of compressed carbon. When she sang “Diamonds are a Girl’s Best Friend,” she was offering a not-so-subtle investor tip to bank on the precious stones. These days, with the euro crisis, investors are increasingly […]
BORDEAUX – The sale of the Château de Gevrey-Chambertin at the end of August has revived the specter of France’s vineyards being transferred en masse into the hands of Chinese billionaires. However, in the Bordeaux region itself, these new investors seem to be rather well received by professionals in the field. Until August 22 of […]
BEIJING – Every time that German Chancellor Angela Merkel makes a trip to China, she always goes home with a large chunk of investment. Her just concluded visit was no exception. In addition to more than 10 cooperation agreements in areas such as aerospace and the automotive industries, Merkel has also obtained a commitment from […]