Word: surginger
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But even when growing at a double-digit rate, China's economy is not yet large enough by itself to keep the global economy surging. The country accounts for only about 5% of total world GDP; the U.S. is responsible for 28%. "China's strength can help," says UBS's...
Now, another financial crisis is raging, this time globally, and as Sabanci Dinçer watches it unfold from her elegantly furnished 27th-floor office in the heart of Istanbul, she inevitably has a feeling of déjà vu. But this time, while there's trepidation, there's...
In the 11th year of his third (or is it his fourth?) creative peak, it’s pointless to talk about Bob Dylan outside of the context of the shadow he casts over the American musical landscape. The man is an institution, and, if he lives another 67 years...
The result: economists across Europe are writing off 2009 as a year to forget, and some expect the weakness will continue into 2010 and beyond. Consumption will likely be sluggish and business investment soft. In European countries where the real estate market had overheated, including the U.K., Ireland and Spain...
Markets in Asia and Europe reacted with hope - or at the very least with calm - to moves made on both sides of the Atlantic over the weekend to convince traders to suspend the Great Stock Dump-a-Thon that eviscerated indices for most of the previous week. After Asian markets...