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MUNICH: Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is coming at the worst possible time.
NEGATIVE interest rates (NIRs) flies in the face of conventional wisdom (CW) about how financial markets should behave.
LISBOA: Ana Guerreiro points across the street at a handful of housing projects in Lisbon’s up-and-coming riverside neighborhood of Marvila. It’s where she moved in with her mother last year after soaring rents meant she could no longer afford to live alone.
HONG KONG: Consumer lender Home Credit is poised to offer the biggest test of Hong Kong's capital markets since China's Alibaba delayed plans for a $15 billion listing last month because of the political turmoil engulfing the city.
LONDON: Emerging market policymakers slashed interest rates in August, taking their lead from major central banks including the U.S. Federal Reserve and the European Central Bank and joining in efforts to shore up their economies.
CHINA has long promoted its traditional medicinal system as a national treasure and more recently as a tool of soft power. While the ancient art remains a policy priority, however, it faces very modern challenges including rising costs, complexities of production and treatment, and murky intellectual property rights.
NEW YORK: Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai is paying about $3.5 billion for the Brooklyn Nets and their arena, the Barclays Center, according to a person familiar with the deal.
Contrary to the belief of some, the frequent use of racist slurs doesn’t make it right in any context, and it’s high time it is eradicated.
THE old order is broken. No less than Russian President Putin has declared the Neoliberal order “obsolete”. We now have to think the unthinkable – every dream has turned into a nightmare – the land of the free no longer seems to welcome anyone, whilst the freest economy in the world is under siege by massive protests.