Word: low-cost
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Grounding the Low-Cost Flyers The big European airlines have finally found a way to clip the wings of Ryanair and other soaring low-cost rivals: the courts. Last week, Ryanair said it would suspend its four daily flights between London and Strasbourg as of Sept. 25 after a French court upheld an Air France complaint charging unfair competition. To attract Ryanair, Strasbourg's chamber of commerce and local authorities agreed last year to contribute €1.4 million to cover the airline's marketing costs over three years. Air France halted its Strasbourg-London service in June after seven months...
...when that may come; the E.U. is looking into Ryanair's deal with another airport, Belgium's Charleroi. Says O'Leary: "It'll either mean there's a future for low-cost airlines or it will shut [us] all down." Online Trading Like It's 1999 You might have thought that online stock brokers had disappeared along with the Furby. But surprise: the rebounding stock market is lifting the online brokerage boats into real profits. Says Angus Rigby, vice president of U.K. online broker, TD Waterhouse: "We've learned which costs to cut, and now an uptick in [trading] volume...
Only three or four years ago, high-paying jobs were largely limited to India's famed technology sector, centered in the southern city of Bangalore--only engineering geeks needed apply. Now more diverse foreign businesses are taking advantage of India's low-cost, highly educated work force. Add the fast-growing Indian companies, especially in the service sector, and the result is that good jobs become available to anyone with a college degree. Bharti Tele-Ventures, India's largest mobile-phone service provider, has hired 1,600 customer-service staff over the past two years. Wipro Spectramind had only...
...Only three or four years ago, high-paying jobs were largely limited to India's famed technology sector, centered in the southern city of Bangalore?only engineering geeks needed apply. Now more diverse foreign businesses are taking advantage of India's low-cost, highly educated work force. Add the fast-growing Indian companies, especially in the service sector, and the result is that good jobs become available to anyone with a college degree. Bharti Tele-Ventures, India's largest mobile-phone service provider, has hired 1,600 customer-service staff over the past two years. Wipro Spectramind had only...
...bookers makes 30% of its sales through shops and call centers. Dhamija, who came to Britain from India in 1968, set up a discount-travel shop in London in 1980. His knowledge of the industry, not technowizardry, was the basis of e-bookers' success. To avoid competition with low-cost, puddle-jumping carriers like Easyjet, it focuses on the mid- and long-haul market. To get cheap merchant fares, e-bookers has personnel in 11 countries. It uses flights to sell lucrative hotel bookings. And last year e-bookers yanked its central office out of Britain and moved...