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A duty-free approach

A duty-free approach

THERE is a good reason why airport shopping seems overpriced. Air-side concessions can claim the undivided attention of millions of people who have little to do but shop while waiting for flights. There are a few savings to be made in the duty-free shops on cigarettes, spirits or cosmetics, but even these can be false […]

August 13, 2015 | By | Reply More
Third time lucky?

Third time lucky?

JUST one month ago Greece was on the verge of leaving the euro. Germany had raised the prospect of a “time out” lasting at least five years, following a breakdown in trust between euro-zone countries and the Greek government. Even when an acrimonious weekend summit in Brussels ended on July 13th with a tentative plan […]

August 13, 2015 | By | Reply More
Asset-rich, cash-poor

Asset-rich, cash-poor

IT WAS not a hard sell. On August 10th Saudi Arabia issued bonds worth 20 billion riyals ($5.3 billion). Local banks, the only institutions allowed to take part in the sale, have lots of spare cash. The price was appealing, too: the ten-year bonds (there were also five- and seven-year issues) will yield almost half […]

August 13, 2015 | By | Reply More
In jeopardy

In jeopardy

Progress is glacial “NO SOONER does the Japanese economy raise its head from the mat than it falls down again.” So wrote one longtime Japan-watcher last month on the news that, after zooming along at a real annualised rate of 3.9% in the first quarter, GDP may well have contracted during the second. Preliminary data […]

August 13, 2015 | By | Reply More
A new contract for growth

A new contract for growth

BUSINESSES have been disappointingly slow to invest since the financial crisis. Global capital expenditure by non-financial firms is expected to fall by 1% this year, according to Standard & Poor’s, a rating agency, and by a further 4% in 2016. If those predictions are right, that will be four straight years of decline (see chart) […]

August 13, 2015 | By | Reply More
Brunei: All pray and no work

Brunei: All pray and no work

LIKE a weird tropical flower, the Palace of the Light of Faith opens to subjects of the Sultan of Brunei for three days each year. It is a 1,800-room pile on the edge of Bandar Seri Begawan, the tiny state’s sleepy capital. In its vast banqueting hall thousands of Bruneians tuck into a breakfast of […]

August 13, 2015 | By | Reply More
All my bags are packed

All my bags are packed

WHEN President Barack Obama said last September that he would get tough on companies that avoid tax through “inversions”—merging with or buying foreign firms so as to shift their domicile abroad—some wondered if this would end a wave of corporate emigration. Some high-profile deals were called off, but other companies have continued to tiptoe out […]

August 13, 2015 | By | Reply More
Clicks to bricks

Clicks to bricks

“IN FIVE years, we will sell one trillion dollars.” That is the bet that Jack Ma, the chairman of Alibaba, made with American businessmen on a recent trip to Chicago. The Chinese firm is already the world’s biggest e-commerce outfit. But now Mr Ma thinks he can more than double the volume of sales on […]

August 13, 2015 | By | Reply More
Spelling it out

Spelling it out

THESE days it seems as if there is almost no area of technology that Google can resist dipping its toes into. Among other things it is working on driverless cars, delivery drones, glucose-detecting contact lenses for diabetics, devices for the “smart home” and research into extending human lifespans. The corporate reorganisation it announced this week […]

August 13, 2015 | By | Reply More
US$1m project to enhance trade competitiveness in Kenya's avocado sector

US$1m project to enhance trade competitiveness in Kenya's avocado sector

Nairobi,Aug 13: The International Trade Congress (ITC) has announced it is backing a US$1 million project that would enhance trade competitiveness in the avocado sector of East African powerhouse, Kenya.   According to the ITC, an important step to crack open new markets for Kenya’s avocado industry and boost exports of the fruit was taken […]

August 13, 2015 | By | Reply More