There’s an odd game going on in Europe.
Europe’s Twin Messages: Spend! Stop Spending!
Tag Archives: europe
India’s Top Automaker, Tata Motors, Hits a Rough Patch
Business cycles can be fickle, as officials for Tata Motors are discovering. During India’s economic boom, the country’s largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion
Markets head to crisis lows as rout continues
An major rout on Wall Street carried over into Asia Tuesday as doubts over U.S. President Obama’s plans to rescue ailing banks pushed markets to crisis lows
Police fear ‘summer of rage’ over recession
British police warned on Monday that officers were preparing for a "summer of rage" as protests mount across Europe against the economic crisis. David Hartshorn, who heads the Metropolitan Police’s public order branch, said growing unemployment, failing companies and the recession could spark a “mass protest.” Until now, Superintendent Hartshorn said, there were insufficient numbers of activists to carry out large-scale demonstrations, but he told the Guardian: “Obviously the downturn in the economy, unemployment, repossessions, changes that. Suddenly there is the opportunity for people to mass protest.” Hartshorn said April’s G-20 economic summit could lead to unrest as leaders of the world’s richest nations head to London
India erupts in celebrations for ‘Slumdog’ Oscar wins
The collective cry throughout India of "Jai ho" (May you win) received a resounding answer when composer A.R. Rahman took home two Oscars for the movie "Slumdog Millionaire." Rahman’s wins — one for the song “Jai Ho” and the other for Best Score — were just two reasons for Indians to erupt in boisterous celebrations Monday morning. “Slumdog,” which was shot in the streets and slums of Mumbai bagged eight golden statuettes in total, including one for Best Sound Mixing
BBC: Iran held ‘backroom’ talks with Western diplomats
Iran offered to stop attacking coalition troops in Iraq nearly four years ago in an attempt to get the West to accept Tehran’s nuclear program, a British diplomat told the BBC in an interview aired Saturday. “The Iranians wanted to be able to strike a deal whereby they stopped killing our forces in Iraq in return for them being allowed to carry on with their nuclear program — ‘We stop killing you in Iraq, stop undermining the political process there, you allow us to carry on with our nuclear program without let or hindrance,” said John Sawers, now the British ambassador to the United Nations, in the documentary, “Iran and the West: Nuclear Confrontation.” The United States and other Western nations believe Iran is pursuing a nuclear weapons program, but Iran says it is developing nuclear capability to produce energy.
Is Obama Ready for a Hard-Right Israel?
After weeks of wrangling following the general election earlier this month, Benjamin Netanyahu is set to become Israel’s Prime Minister for the second time, putting Israel on a potential collision course with its Palestinians partners, its Arab neighbors and perhaps even its American ally.
Why Europe Is Fuming About the Stimulus Package
Europe’s euphoria over Barack Obama is fading fast. As Congress wrangles over the President’s $819 billion stimulus package, a “buy American” clause has the European Union threatening legal action and retaliatory sanctions and opening up the prospect of an explosive trade war. Just weeks after hailing Obama’s election, E.U
Tennis Channel won’t air Dubai tournament
The Tennis Channel has canceled plans to broadcast a tournament in Dubai because an Israeli player was banned. Shahar Peer, the 45th-ranked women’s player according to the World Tennis Association, qualified to compete in this week’s Barclays Dubai Tennis Championships but was denied a visa by the United Arab Emirates.
The Rise Of The $5 Phone
Something like a billion handsets are sold worldwide every year. That is good news for the large phone companies with big cellular businesses. Wireless handsets, calling plans, and data charges have built new revenue for them at a remarkable pace.