Word: globalization
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Dates: during 2000-2009
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...those numbers are bad. In parts of Asia and Europe the figures are much worse. If the American consumer was showing any signs of life there should be an uptick in exports from large manufacturing countries like China. That is not happening. (See pictures of the global financial crisis...
Downsizing to Dubai. Blaming the weakening global economy, Emirates pulled its two Airbus A380 planes from its Dubai-to-New York route after just eight months in service and is now flying the smaller Boeing 777 instead. But the airline is still flying the big bird between Dubai and Sydney, London and Toronto, and starting June 1, between Toronto and Bangkok as well...
...hopes that it can get 1 billion people in more than 1,700 cities and towns in 80 countries to participate. Switching off your lights is a vote for the earth, says the WWF, while leaving them on is a vote for global warming...
...debut of the world's least expensive car comes at a time when the entire auto industry is in crisis. Demand for vehicles has plunged with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that...
...made from fully equipped Nanos with air-conditioning, power windows and upholstered seats, which cost about $3,300. "How they're really going to make money is by selling the high-end version," says Tilak Swarup, general manager of SupplierBusiness India, whose team of analysts tracks suppliers to the global auto industry. But the company has not yet decided how many high-end versions to produce...