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...Unfamiliarity with Chinese cuisine will be the biggest challenge for P.F. Chang's, the largest Chinese restaurant chain in the U.S., as it heads south of the border. Up until the financial crisis, the $1.2 billion company had a fantastically successful run at convincing Americans to pay upmarket prices for a version of Chinese food designed for American taste buds. But with business slowing down in the U.S. due to the recession and pressure from investors to increase sales, the company is now embarking on an expansion plan to sell its flavor of Chinese fare in several emerging markets. Over...
...Alessandro's priorities has been to push Benetton more deeply into international markets with the help of strong local partnerships. In India he signed a deal with the Tata group, the country's largest conglomerate, which will open and manage Sisley stores; in the first half of this year, Benetton opened 95 new India outlets, despite the economic crisis. In Mexico, the partner is the billionaire Carlos Slim and his Sears Mexico group. Under a deal signed last year, Benetton aims to open 250 new standalone outlets and boutiques in Sears stores in Mexico. Alessandro is also targeting other Latin...
...with soft blue eyes and a dark red bullet wound in his left shin. Their de facto leader is Imran Zargar, 24, who spent 11/2 years in jail after one ugly clash. His police record then disqualified him from any job with the government, by far Kashmir's largest employer. Says Zargar: "I found that I had no future...
...still in its early stages, and some promises made have yet to be translated into real results. Some programs already in place may prove to be flawed. But a new commitment to agriculture by the global community is clearly emerging. The latest G-8 summit of the world's largest economies, held in Italy in July, declared "there is an urgent need for decisive action to free humankind from hunger" and, citing the sector's perennial neglect, pledged $20 billion for agriculture. "Since 2007, we have seen greater attention from world leaders on food security, in developed and developing countries...
...days of work each year for poor farming households, often on public-works projects to develop infrastructure in the countryside. In the latest federal budget, announced in July, funds allocated for the rural jobs scheme jumped 144% from the previous year to more than $8 billion - making it the largest social-welfare program in the budget - while funding for Bharat Nirman was boosted by 45%. "It was very clear to us that if you want inclusive growth, it is going to require a significant increase in the productivity of land," says Montek Singh Ahluwalia, deputy chairman of India's Planning...