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...Hong Kong. "They have to transform." Brands and retailers have been consolidating, liposuctioning off layers to better battle Goliaths Wal-Mart and Target--which mostly do their own sourcing. A developing China and the Internet have made it simpler and more reliable for buyers to communicate directly with low-cost factories. Li & Fung has been able to achieve an average annual growth rate of more than 20% over the past decade. But going forward won't be as easy...
...hour or $17 a month at 7,500 cafés, hotels, pubs, airports and other public places in Britain, Germany and Sweden. That's a service that cell-phone companies like Vodafone and Orange are struggling to sell via their 3G mobile-phone networks. Wi-fi, which uses low-cost, wireless Internet connections, has stolen some of the thunder. "I wanted to build a broadband wireless business for the last 10 years, and when wi-fi came around four years ago," says Polk--whose varied experience includes running the Latin American unit of Global Wireless holdings, a company backed...
...bleakest and toughest of the Iraq films is Brian De Palma's low-budget, no-star Redacted. Based (like Elah) on an actual atrocity, it takes the form of a multimedia documentary: a mix of simulated TV-news reports, YouTube blogs, video posts and a daily video record of the war, kept by a soldier whose buddies see their sergeant blown up by an IED and go a little crazy. In a long scene that shocks and sickens, they break into an Iraqi home, rape a girl and slaughter her family. An antiwar splatter movie, Redacted ain't subtle. What...
...compete in a cutthroat global market, Woo, 57, is plowing $100 million into a new plant, investing in another in India and employing migrant workers from South Asia and China--a practice that has provoked controversy. In 2005, his Chinese workers protested over low pay. This year an article in the London Sunday Times quoted the International Textile, Garment and Leather Workers Federation as warning that some textile companies treat migrant workers "like slaves." Woo's response? His company pays workers more than the minimum rate set by the government and complies with the ethical codes laid down by customers...
...says "going global" is imperative if the business is to survive. That attitude, coupled with Mauritius' low taxes and ease of doing business, has made the country home to a rocketing finance industry as well. By April 2007, Mauritius was hosting 31,815 foreign companies, including 487 investment funds with a total net asset value of $36.92 billion. Some of that wealth is offshore, but the industry's lawyers, banks and investment houses employ Mauritians and do business with them...