Friday, December 29, 2006

A campaign against poverty

A campaign against poverty

By Jackie Calmes

The Wall Street Journal Europe

28 Dec 2006



WASHINGTON—For the roughly two dozen candidates considering a run for the White House, it is perhaps the jackpot question: What might be the winning message in a contest whose first nominating vote is more than a year away? Today, formerU.S. Sen. John... read more...

Asian outage shows risks to global systems

Asian outage shows risks to global systems

By Jason Dean

The Wall Street Journal Europe

28 Dec 2006



BEIJING—A big earthquake near Taiwan disrupted phone and Internet traffic across Asia yesterday, highlighting the fragility of a global telecommunications system that still relies on vulnerable undersea cables to carry data. The magnitude 6.7 temblor... read more...

Wednesday, December 20, 2006

Institutions flash the cash in search of merger prospects

Institutions flash the cash in search of merger prospects

Benjamin Dierks

The Guardian

20 Dec 2006



Institutional investors are entering the new year with large amounts of cash to pour into booming stock markets and expect to see high numbers of company takeovers, according to Merrill Lynch. “We have a high level of liquidity,” equity strategist... read more...

As deal-making beats dotcom highs, has ‘irrational exuberance’ returned?

As deal-making beats dotcom highs, has ‘irrational exuberance’ returned?

Jill Treanor

The Guardian

19 Dec 2006



In December 1996, Alan Greenspan, then chairman of the Federal Reserve, made his now infamous comments about the “irrational exuberance” investors were showing for shares. Ten years on, stock markets are still rising. The Dow Jones average hit a new... read more...

Tuesday, December 19, 2006

Ethics are dead. Long live BAE!

Ethics are dead. Long live BAE!

Larry Elliott Economics editor

The Guardian

18 Dec 2006



Imagine that you are the French trade minister, keen to derail the global trade talks for fear that they will result in a wholesale dismantling of the Common Agricultural Policy. It’s been an uphill struggle but at last help is at hand. The next time... read more...

Thursday, December 14, 2006

Museums boost economy by £1.5bn a year, says report

Museums boost economy by 1.5bn a year, says report

Charlotte Higgins Arts correspondent

The Guardian

14 Dec 2006



Britain’s museums are not only vital to the economy, but are also the glue that binds communities together, reflecting society and providing ways of understanding the world in which we live, according to a report published yesterday. They are also a... read more...

Tuesday, December 12, 2006

White House pushes Doha revival

White House pushes Doha revival

By Greg Hitt

The Wall Street Journal Europe

12 Dec 2006



WASHINGTON—The Doha Round of global trade talks stalled after hitting numerous roadblocks last summer. Nowthe White House is making a play to revive negotiations, even as a new barrier looms—a U.S. Congress much more skeptical of free trade. Bush... read more...

Behind Corus bidding, a fight for global assets

Behind Corus bidding, a fight for global assets

By Eric Bellman in New Delhi and Jason Singer in London

The Wall Street Journal Europe

12 Dec 2006



The bidding war for steelmaker Corus Group PLC shows how competition among large developing economies is escalating as countries such as India, Brazil, China and Russia shop around the world for the commodities and companies they need to power... read more...

Friday, December 08, 2006

An 80-hour week for 5p an hour: the real price of high-street fashion

An 80-hour week for 5p an hour: the real price of high-street fashion

Randeep Ramesh Dhaka

The Guardian

08 Dec 2006



Some of Britain’s best-known high street brands are selling “cheap chic” clothes at the expense of workers in Bangladesh who are paid 5p an hour despite pledges to protect basic labour rights, an investigation by War on Want will reveal... read more...

Wednesday, December 06, 2006

Africa expands China trade

Africa expands China trade

By Craig Timberg

The Wall Street Journal Europe

05 Dec 2006



THE WASHINGTON POST KANO, Nigeria—The pasta factory Umar Sani Marshall’s family owns on the outskirts of this ancient city hadn’t churned out a single piece of macaroni in more than a year. The other former titans among Kano’s once-mighty... read more...