Word: banking
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Goldman Sachs is doing its best to prove that what's good for its company is good for the rest of us. But image consultants and corporate-compensation experts say the Wall Street firm's recent moves won't quell the growing anger against the world's most profitable bank...
...thing that is striking about the Middle East is that women are no longer prepared to accept a subservient role. Meeting female entrepreneurs in the West Bank, I was struck by their determination to remove the obstacles designed to keep them in their place. In northern Israel as well, I chatted with women business students, drawn from all communities but sharing a common goal to become financially independent. (See pictures of the women of Cairo...
...creating and supporting female entrepreneurs is absolutely critical, which is why it is the main focus of the foundation I have set up. In Ramallah, in the West Bank, we have already joined with local partners to establish a business center to tackle the shortfall in training, skills and business networks for women. In northern Israel, we help support a business course for women from the Muslim, Druze, Jewish and Christian communities. (See the Top 10 news stories...
...Iceland took a dramatic stand in the conflict last week when President Olafur Grimsson refused to sign a bill requiring his country to repay the $5 billion that's owed to the British and Dutch citizens who deposited their savings in an online Icelandic bank that collapsed in 2008. Icesave, a subsidiary of the Icelandic bank Landsbanki, offered eye-popping interest rates of up to 15% to foreigners before the crash. (See pictures of the global financial crisis...
...debtor who cannot repay immediately, what do you do? Do you beat Iceland to pieces? If you do, the chances of getting the money back goes down the drain," says Daniel Gros, director of the Centre for European Policy Studies in Brussels and a board member of the Central Bank of Iceland. "The U.K. and Netherlands may feel that it would be easier to be repaid if Iceland is in the E.U." (Read "Iceland's Urgent Bid to Join...