Tag: business & economy
Markets rise and fall as effects of weekend Greek elections begin to be felt
Greek voters went to the polls on Sunday and, relatively narrowly, backed a political party in favor of the Greek bailout. And while markets initially greeted that news with optimism and rallied upwards, fresh concerns, this time over Spain, dragged them back down by midday....
Greek tourism dries up as uncertainty over economic future continues
Greece is usually an extremely popular tourism destination. In fact, it's often one of the most popular for people in Europe. But the current economic crisis has tourists staying away, and that's just further damaging the Greek economy....
Problems still serious as Spain's banks try to stabilize with European bailout funds
Spain's banks got a badly needed injection of recapitalization over the weekend when a trio of international lenders agreed to loan them funds to get on firmer footing. But while Spain insists this isn't a Greece-style bailout, the lenders are already moving to monitor how and on what Spain is spending their money....
Norway's oil and gas boom leaves other European economies lagging behind
Most countries in Europe are worried sick about debt, bailouts and unemployment, but Norway recently decided to cut spending in order to avoid too much growth. The smart management of Norway's oil and gas industry is bringing spectacular wealth to the country's small fishing towns....
Disney sets new nutritional standards for advertisers
Disney announced new advertising guidelines Tuesday for ads on Disney’s TV stations, its websites, and its radio stations, banning ads for fast foods and sugary cereals that do not meet the company's nutrition standards....
Chinese automotive appetite influences car design
The Chinese demand for new cars is changing the way top vehicle manufacturers develop their products. Ever since China surpassed the U.S. in auto sales back in 2010, automakers have turned their attention east....
Britain's long drive to eradicate class may have led right back to the start
Britain has a love-affair with class. It's enshrined in its monarchy and system of lords and titles. But in the 1980s and 1990s, the government tried to drive class away. Now, though, some are beginning to declare that class never could have disappeared, except from the language of politicians....
China's rural villages hardly the classless egalitarian paradise espoused by Mao
Long before Mao Zedong took the reins of power in China, he went to one of the poorest villages in rural China. That village, in Jiangxi province, is still one of China's poorest. And it's far from the classless dream Mao espoused while he was there....
In Ukraine, middle class hopes built up by Orange Revolution, fade with time
The Ukrainian people took to the streets in 2004, demanding free and fair elections in what became known as the Orange Revolution. They got what they wanted then, but over time things have reverted to the way they were. That has some in the middle class a bit disillusioned....
Toronto's housing market rocketing upward in price, height
Toronto's economy is booming, and its housing market is booming right along with it. The city has an enormously large number of sky-rise buildings under construction, and many of them hardly get finished before they're purchased — usually for top dollar. All that has some wondering if Toronto might be heading for an American-style housing bubble....
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