Word: upturn
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...back on track. Advocates of liberalization on the Continent say they'll be careful not to repeat Britain's mistakes. They look instead at Sweden. It became the first European nation to split its track operations from passenger and freight services in the late 1980s, and has seen an upturn in rail traffic and a growing number of private rail operators. They include IKEA, the big furniture company, which has set up its own rail operations between Sweden and its biggest market, Germany. But elsewhere, the official reaction to liberalization is far more skeptical. No private operators have yet been...
King Licorish arrived at her decision on April 1, still facing the backlog in rent and coping with the recession. She knew immediately that it was the right decision because the very next day she saw an upturn in sales that began quickly to make up the deficit...
...economic times, consumers still want to look fabulous. That's propelling the French cosmetics giant's sales - up 10.4% in the first three months of this year - despite American boycott calls. GENERALI: European insurers were crushed by falling stock markets and will be the first to benefit from an upturn. This Italian insurer could have two added bounces: it's better capitalized than many rivals and its messy ownership structure has just been simplified. LOSERS BAE: You might think defense contractors would thrive during wartime. But Britain's BAE, maker of military jets and submarines and a part-owner...
...short. But if it's not over quickly, our scenario is over-optimistic." The second thing? A recession so severe it forces governments to act. It sounds perverse, but economists say that structural and regulatory problems in Germany and France still stand in the way of any robust upturn. That's why a deep and ugly recession isn't being viewed negatively everywhere. Says Michael Hartnett, director of European Equity Strategy at Merrill Lynch: "It would be great news if Germany went into a humiliating recession. We are always buyers of humiliation, an emotion that invariably forces positive changes...
...blocking legitimate traffic. And although the infrastructure proved reassuringly resilient, worse attacks are likely. The number of digital attacks has doubled from last year, regularly hitting new monthly records and doing $32-39 billion in damage in 2002. According to security experts MI2G, these attacks coincide with a sharp upturn in politically disgruntled groups taking terrorism online. It's too early to say if this attack was political, but it was a reminder that hackers wouldn't need a big bang to cause a big economic shock. THE BOURSE Into The Fire Once considered a life preserver, last week asbestos...