Democracy is not for the faint-hearted… It requires hard work, constant attention, takes a lot of time to build and can easily be undermined by political polarization, regressive campaign finance rules and deficient laws on political representation. This month, two major events shed light on both the successes and failings of Brazil’s quarter century old, vibrant democracy. Continue reading »
So it must have been nice to get a pat on the back this week, even it if was from an unlikely source: Ricardo Martinelli, president of Panama, who told Merkel on a visit to Berlin he would like to introduce the euro as Panamanian legal tender alongside the US dollar, because he has “full confidence in the euro, full confidence in Europe.” Continue reading »
A diversified economy with good potential for income growth and increased competitiveness, low government debt ratios and an improving fiscal situation. Not a bad report for one of the EU’s poorest countries, wracked in recent years by first economic and political crises.
‘Gangnam Style’ is not the only South Korean cultural export to achieve international glory this year. Last month Kim Ki-duk, a Seoul-based director known for his gritty, artistic films, picked up the Golden Lion at the Venice Film Festival, confirming the growing foreign interest in South Korean cinema. Continue reading »
India’s established metropolises are saturated with investment activity. Now, tier-two and tier-three cities are emerging as investment destinations and a new report from Cushman and Wakefield explains how much money is going into what – and where. Continue reading »
Shares in Next Media, his Hong Kong-listed company, are up around 40 per cent this week after Lai left Taiwan in frustration at regulators who, his company said, were stonewalling his efforts to break into the local cable market. Continue reading »
In the runup to Ukraine’s October 28 parliamentary election, polls show that the majority of Ukrainians want change, a break from the autocratic rule of President Viktor Yanukovich. They aren’t alone.
Ukraine is heading into its second recession in four years. Businesses and investors on the ground see the investment climate getting much worse for everyone – except Yanukovich’s billionaire oligarch backers. Continue reading »
Big city Chinese tend to look down on people from anywhere other than Shanghai, Beijing and Guangzhou. But last year nearly 9m Chinese from cities other than those three visited Hong Kong and spent the night, according to the latest Mainland Chinese Visitor Study from Nielsen – up 43 per cent last year over the previous year.
Like their big city brethren, they come to shop – but they don’t necessarily like to buy the same things. Continue reading »
Economies in north Africa have suffered a sharp drop in direct foreign investment since last year’s Arab uprisings, and they have been hit hard by the eurozone crisis. What can they do to rekindle investors’ interest?
Rosneft‘s proposed $50bn-plus takeover of TNK-BP, buying out BP and its Russian oligarch partners, will turn the state-run group into one of the world’s largest oil producers controlling nearly half Russia’s output.
For those who believe that bigger is better, including Rosneft chief executive Igor Sechin and his political master president Vladimir Putin, this is a triumph. For BP and its partners, the end of a troubled, if profitable, relationship will come as a relief.
But for Russia as a whole – and for the global oil industry – Rosneft’s coup is, at best, a mixed blessing. Continue reading »
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