Word: globality
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...TIME's Global Adviser for exotic, beautiful and interesting getaways...
...trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession...
...view, the government should focus JAL's operations strictly on the domestic market. Japan has only two main carriers for domestic routes, JAL and All Nippon Airways, but both airlines' international routes have to compete with bigger - and healthier - global carriers. Over the last few years, JAL has continuously cut back on unprofitable international routes, and will continue to do so under its revitalization plan. Today, JAL has roughly three times the number of international routes operated by ANA, but Matsumoto says that if things go according to plan in the next three years, the size of JAL's international...
...Santenots-du-Milieu Premiere Cru is a Burgundy wine - let alone a pinot noir. "This is myopic marketing," says Jean-Claude Mas, a wine maker in the southern region of Languedoc. "And our arrogance caused us to ignore how serious the competition from the New World was." (See how global warming could change the wine-making...
...Global sales of wines from the New World - North and South America, South Africa and Oceania - jumped from 3% of the market to 30% between 1990 and 2008, causing serious concern among wine makers from France and other European countries. The French are now realizing that they must swallow their pride and take a page from the New World playbook in order to attract new, young consumers with little wine-drinking experience. According to Denis Verdier, president of the Confederation of French Wine Cooperatives, this means introducing "easy-drinking" products with labels clearly stating the type of wine instead...