In The News

The proximity of Spain’s Canary Islands to the coast of West Africa has historically been a vantage point for European westward endeavors and explorations. Today, however, the islands and other EU border areas experience an influx of migrants from the south. During one week in May, more than 1,500 individuals arrived at the Canary Islands from several West African countries, overwhelming border...

Arcelor is going to great lengths to avoid hostile takeover by Mittal Steel Company, even wooing a Russian billionaire who controls Servestal. If successful, an Arcelor-Servestal merger would create the world’s largest steel company in the world – moving Mittal to second place. Mittal is based in London and Rotterdam, yet Arcelor executives have turned to Aleksei Mordashov, describing him as a “...

Because of globalization, manufacturers must pay increasing prices paid for raw goods like oil or minerals, and consumers discover dropping prices for products on store shelves. This analysis of the International Monetary Fund’s “World Economic Outlook” suggests that ten years ago, developed countries provided the impetus for trade, but the emerging economies of India, China and Eastern Europe...