Word: exportations
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...survey, a poll of nearly 6,000 university seniors conducted by Recruit Co., a Tokyo-based research and human resources company, revealed that Japan's flailing, export-driven economy has had a profound impact on the outlook of those on the brink of entering the workforce. Toyota's ranking as a preferred employer plummeted from 6th place last year to 96th place this year. Sony fell from 8th to 29th place; Sharp from 14th to 55th place; Canon from 20th to 77th place. (See pictures of the global financial crisis...
...workers in waves. "News reports about worsened business and manpower conditions came out one after another," says Recruit spokeswoman Yuri Ito. "This survey is done around the time companies announce their recruitment plan for the following year. So some students might vote for those that plan to hire aggressively." Export-driven companies, out. Instead, "Students consider companies in industries like infrastructure and food, which are robust in a recession... companies that are stable and don't go away," says Ito. "Their parents think the same...
...secure future stream of oil and gas. (Overall, Chinese enterprises are on track to invest double the amount abroad this year than in 2008.) And compared to the past, when Western stockholders expressed concerns about selling assets to China, today companies are just glad for the cash. China's Export-Import Bank, for instance, has offered Rio a $20 billion loan if the deal (which is stalemated) goes through...
...That's bad news for Thailand, whose export-oriented economy has already been battered by the global financial downturn. The continuing political crisis will only exacerbate Thailand's economic woes, as foreign countries issue travel warnings that could dissuade badly needed tourists in an industry that employs more than 3 million people. On April 12, Abhisit declared a state of emergency in Bangkok, the same day the Prime Minister's motorcade was attacked by a red-hued mob wielding sticks and bars. Earlier in the day, one Red Shirt leader, Jatuporn Prompan, had called on his fellow protesters to attack...
...everything from cars to organic groceries, people seem happy to keep shelling out for chocolate. Last year, as the global recession was gaining ground, Swiss chocolate makers bucked the trend with record sales - nearly 185,000 tons, an increase of 2% over 2007, sold domestically and in 140 export markets. And while figures for the first quarter of this year are not available yet, "so far we have heard positive and optimistic reports from chocolate companies," says Franz Schmid, managing director of Chocosuisse, an umbrella organization for Switzerland's chocolate industry. (Read a TIME story about nude hiking in Switzerland...