Greece is still in a sticky situation. When the IMF members meet this week, they will decide on the fate of this Mediterranean country, and how to deal with its onerous debt. If Greece defaults on its debt and drops out of the Euro zone, the complications for business around the world could be catastrophic. [...]
Global business and business to business trading has not suffered much from the ongoing Jasmine Revolution, despite fears that oil will push up to $120 per barrel. As rebels have taken control of important oil ports, the price of crude has dropped. If the rebel offensive can successfully navigate through Sirte, Gadhafi’s hometown, hopes are [...]
The oil business to business hasn’t really suffered from Libya’s unrest. While a 10% rise in oil prices is supposed to drop global GDP by a quarter of a point, the 4.5% growth won’t be badly affected, even if oil rises to $150 a barrel. There has been much reassurance from the Saudis that they [...]
As the Arab world continues its revolution and Qaddafi grows more and more irate watching power slip through his fingers like sand, economies are growing nervous. Oil just hit $100 a barrel. Saudi Arabia is ready to make up for the shortfall, as it talks to European oil companies. High oil business prices are poised [...]
Unrest in the Mideast has spread. There are a number of countries, including Yemen, Iran, Libya learning lessons from Tunisia and Egypt’s Jasmine Revolution. Part of the reason for this is the fact that nearly half the population of all the Arab League is 25 or under. These kids know more about Twitter and Facebook [...]
A fascinating article in the Economist discusses a new business on the brink: 3D printing. It’s just as it sounds. If you have the software capability and know-how to design a certain product, or even the ability to download a design off the internet, you can press print and cut out the manufacturing industry to [...]
The latest in news media is being put forward by News Corp. for iPads only. Rupert Murdoch says it’s supposed to make print media more viable in the digital age. It costs 99 cents a week of $39.99 annually. This may help to solve the problem of offering free online access that many news companies [...]
With Chinese President Hu Jintao in Washington this week, a lot of talk has turned to the largest business the U.S. has with China – currency. Mr. Jintao said making the yuan “an international currency will be a fairly long process.” Yet it has begun. One of the first steps in giving the redback some [...]
Default looks imminent for Greece. How will this affect the Euro business? The benefits of the continent accepting the Euro have been great: about 10 to 15% GDP greater trade growth than it would have been otherwise. But the cons – namely, economic inflexibility – have been also. Wage cuts have been met with protests, [...]
Looking for a competitive MBA program? Here is the Economist’s global top 10 and their North American top 10. Meanwhile Facebook joined forces with Goldman Sachs’ business, which invested half a billion dollars into the social media company this week. They also have a plan to sap $1.5 billion from investors to inject into Facebook. [...]
