Politicians can’t resist hounding companies to create more jobs. Nayan Chanda outlines how India’s Prime Minister Narendra Modi rejected Apple’s proposal to set up stores because the firm could not source at least 30 percent of manufacturing materials from local vendors. “The kind of offset...
Prime Minister Narendra Modi and Republican presidential candidate Donald Trump have little in common but they do seem to share one goal — forcing Apple to create jobs in their own countries. Trump warned, “We’re gonna get Apple to start building...
Populists take advantage of the real pain of inequality and the economic disruptions of new technology and globalization. Sympathetic and angry, they promise quick fixes and resist compromise. Such “demagogues thrive when the institutions of democracy are hollowed out,” argues economist Pranab...
The best lack all conviction? Workers worried about inequality, globalization and automation must organize around reforms; union members protest in Miami, top, and Bangladeshi garment workers band together to improve workplace standards
BERKELEY:...
Barack Obama is taking steps to improve relations with neighbors as the first sitting US president to travel to Cuba since Calvin Coolidge in 1928. “Obama’s visit to Cuba and Argentina this week underlines the United States government’s effort to make new friends and rebuild old relationships in...
Read the article from the Buenos Aires Herald.
Only a few goods and services are priced in what are known as Special Drawing Rights, or the mix of currencies used by the International Monetary Fund as a unit. Transit through the Suez Canal are one such service. The Chinese renminbi joins other currencies like the US dollar, the euro and...
Read the article in The Economist.
Small startups in China struggle to find funding, and many entrepreneurs rely on numerous crowdfunding platforms, explains Julien Legrand for ParisTech Review. “China counts 650 million netizens, accessing the Internet mostly via smartphones (86% of Internet usage), on which many have electronic...
Raising funds for one’s start-up in China is a serious challenge. Firstly, commercial banks are reluctant to lend money to small and medium enterprises; currently, less than 10% of bank loans are directed towards them. Secondly, institutional...
Leaders of the Islamic State impose a rigid and fundamentalist interpretation of Islam, maintaining that the religion does not condone Western values of democracy, individual freedom, economic globalization or education. Author Joergen Oerstroem Moeller urges Europe to develop a grand strategy to...
Dark shadow of ISIS: Syrian refugees fleeing ISIS reach European shore (top); ISIS fighters spread mayhem
SINGAPORE: Europe’s cultural identity is under attack. At stake are values forged over centuries, respect for freedom of thought and every...
