Skip to: Content
Skip to: Site Navigation
Skip to: Search

News Sections

Newser Specials

Globalization

Started by S Goldstein; Last updated Feb 20, 08 5:18 AM CST by D Lim | View history

Rate it:

Print

E-mail

|

Digg

Seed this on Newsvine

Add this link to Del.icio.us

StumbleUpon

| Edit thread | Notify editors | + Start a new thread

Globalization

The world may not be flat...but it sure seems to be leveling out

Stories

Stories 61 - 80 of 108

<< Prev 1 2 3 4 5 6 Next >>

January 2008
- US Sneeze Doesn't Spook Many at Davos
  
  CNN | Jan 23, 08 5:01 PM CST
  
  (Newser) - Bigwigs spooked by the downturn in the US economy aren't spreading their usual cheer at the World Economic Forum in Switzerland, Fortune reports, but many other Davos attendees are smiling. Representatives say the Indian and Chinese economies are strong enough to weather recession; many agree with George Soros that “the current crisis is the end of an era based on the dollar.” More »
- EU Frets Over Fallout From US Economy's Slide
  
  Bloomberg | Jan 22, 08 10:38 AM CST
  
  (Newser) - Stock markets around the world continued to hemorrhage today on worries the US would slide into recession, prompting finance ministers to warn that the slump is threatening EU growth. They revised forecasts downward for the 15-member EU, reports Bloomberg. “There is great concern about the financial crisis,” said the Belgian finance minister. More »
- Europe Sees Biggest Stock Plunge Since 9/11
  
  MarketWatch | Jan 21, 08 4:10 PM CST
  
  (Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23% since mid-2007. On American shores, Dow futures dropped, sparking fears of a nosedive tomorrow. More »
- US Recession Fears Pummel World Markets
  
  Bloomberg | Jan 21, 08 6:09 AM CST
  
  (Newser) - Markets across Asia and Europe fell sharply today on fears of a looming US recession and a lack of confidence in Bush’s $145 billion economic rescue plan, reports Bloomberg. Japan's Nikkei was off 3.9% and the Hong Kong Seng Index fell 3.5%, the most since Sept. 11, 2001. In Europe, the Dow Jones Stoxx 600 slid 5.6% by midday. More »
- 7-Eleven Takes Top Franchise
  
  Entrepreneur | Jan 18, 08 7:20 PM CST
  
  (Newser) - After 16 years of flirting with the top seat, 7-Eleven has finally wrested the title of No. 1 franchise away from sandwich heavyweight Subway, reports Entrepreneu r. With 5,580 US stores, 25,062 worldwide, and a new one opening up somewhere every four and a half hours, the convenience giant has charted its own unique path to Big Gulp glory. More »
- GE Q4 Profit Climbs 15%; Stock Rebounds
  
  Bloomberg | Jan 18, 08 1:41 PM CST
  
  (Newser) - GE profits rose 15% in the fourth quarter as overseas demand for jet engines and power turbines more than offset the weakness in the US economy, the company reported today. “They've really been a beneficiary of the whole global growth story,” an analyst told Bloomberg. GE stock was up 3.4% at midday; earlier, it rose 5.3%, its biggest gain in almost 5 years, erasing yesterday's 3.9% drop. More »
- United Nations U Seeks to Make Grade as Real College
  
  Der Spiegel | Jan 13, 08 5:09 AM CST
  
  (Newser) - If you’ve never heard of the United Nations University, don’t feel bad. The institution, or, really, network of institutions, is more of a think tank: Spread across 13 academies around the world, it researches matters important to the global village. Now, the institution's new rector Konrad Osterwalder seeks to develop the UNU even further—into a global, degree-awarding university, reports Der Spiegel More »
- Oil Sends Trade Deficit to 14-Month High
  
  Bloomberg | Jan 11, 08 11:15 AM CST
  
  (Newser) - The trade deficit widened 9.3% to $63.1 billion in November, despite a healthy growth in exports. With the dollar down, and demand for US goods rising in Asia and Latin America, exports moved at a healthy clip. But spending on imported oil overshadowed everything else, Bloomberg reports. “It comes down to three things: oil, oil, and oil,” said one economist. More »
December 2007
- New Cisco Unit First Based Abroad
  
  Financial Times (UK) | Dec 26, 07 10:10 PM CST
  
  (Newser) - Dozens of new cities are to be built in China, India, and the Middle East in the coming decade and Cisco Systems wants to network them top-to-bottom, the Financial Times reports. The networking equipment giant is setting up a new business center in Bangalore, India, as part of its push to expand in the developing world. More »
- Quality Boosts US Exports
  
  Washington Post | Dec 26, 07 12:55 PM CST
  
  (Newser) - The sinking dollar is fueling a booming export market in tractors, medical equipment, and electrical machinery, helping some US manufacturers overcome a falloff in domestic sales, reports the Washington Post. The trend may even help reduce the trade deficit: For 2007, US exports are projected to increase even more than the 12.7% they rose between 2005 and 2006. More »
- US Scores With Only $21M in WTO Sanctions
  
  Associated Press | Dec 21, 07 4:13 PM CST
  
  (Newser) - The WTO ruled today Antigua could impose $21 million in trade sanctions on the US because of an online betting ban, a significant loss for the Caribbean island that had sought $3.4 billion. The trade organization recognized the American authority to police public morals but said Washington could not hold domestic and foreign gamblers to different standards, the AP reports. More »
- Quite Literally, Chinese Aren't Saying 'Google'
  
  Bloomberg | Dec 12, 07 2:43 PM CST
  
  (Newser) - "Google" is a verb in many dictionaries, but the challenge of pronouncing it in Chinese has spelled trouble for the planet’s biggest search engine. "G-O-O-G-L-E is not a normal Chinese spelling and people don't pronounce it right," one Google exec tells Bloomberg of China, where the company holds less than half the market share of leader Baidu. More »
- Defiant African Leaders Reject EU Trade Deal
  
  Guardian (UK) | Dec 10, 07 4:03 AM CST
  
  (Newser) - European-African trade talks at a tense Lisbon summit collapsed in their final session yesterday. If a new agreement isn’t reached by year’s end, the European Union may levy higher tariffs on African exports, further exacerbating tensions between the continents. A new, controversial set of agreements would have dropped duty on most imports from Africa in exchange for granting Europe liberalized access to African markets. More »
- 10 Firms Destined to Be Global Giants
  
  CNN | Dec 4, 07 2:10 PM CST
  
  (Newser) - American companies should sleep with one eye open: These firms may not be familiar right now, but they're poised to "reshape global industries," the Boston Consulting Group says. CNN lists 10 standouts, based on BCG's 2008 Global Challengers report. Johnson Electric (China): Produces small motors designed for cars and home appliances. More »
November 2007
- US Equity Firms Face Local Competition
  
  Financial Times (UK) | Nov 14, 07 2:59 PM CST
  
  (Newser) - Increasing wealth worldwide will breed competitors for US private equity funds accustomed to being the only players in the lucrative buyout market, the Fin