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Luxury Living: Music Delivered the Old-Fashioned Way
The news of its death was greatly exaggerated. Sales of vinyl records are spinning through the roof. According to Nielsen – an American company that monitors global media usage – sales of records are on track to exceed six million
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US Welcomed at Davos as the New Emerging Market
The annual meeting of top businessmen, leading public officials, and a host of other VIPs in Davos usually sees emerging markets claim centre stage and draw attention to the marvels of their booming economies. Save for China, at this year’s
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China’s High-Speed Rail: the Rapid Growth of a New Travel Option
BEIJING – China has the world’s largest and still expanding high-speed rail (HSR) network, but whether ridership would materialize has been the subject of much debate. A new World Bank paper finds initial traffic volumes are promising, with traffic growing from
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Africa Awakening: A Continent on the Rise
The time for Africa is now. The continent is rising to unexpected heights as wars have ended and humanitarian crises subsided. Afro-pessimism – the deeply-rooted notion that Africa was essentially without hope – has suddenly been replaced with almost boundless
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What Does Carbon Pricing Success Look Like? Ask These Leaders
British Columbia, Sweden, California and China have been pioneering carbon pricing systems to lower emissions and help shift their economies onto cleaner, greener trajectories. Currently, nearly 40 countries and more than 20 cities, states, and provinces use a form of
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Chollywood: Chinese Film Industry Set to Expand Rapidly
The French Lumière Brothers are credited with enabling the birth of modern cinema but since the 1920s this is indisputably an American art form, primarily the domain of Hollywood which soon became the dominant force in an emerging industry. Since
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The IT Scene in China: Alibaba’s New ‘Open Sesame’ Financing
Alibaba is China’s largest e-commerce company. It is a privately owned Hangzhou-based group of Internet-based e-commerce businesses which, amazingly enough, began in 1999 with only a website. Today, Alibaba is one of the twenty most-visited websites globally, featuring nearly a
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Otaviano Canuto, World Bank Group: Commodity Super Cycle to Stick Around a Bit Longer
Some analysts have predicted that the commodity price boom has played itself out. However, natural resource-based commodity prices (with the exception of shale gas and its downward pressure on US natural gas prices) have remained relatively high over the last
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Connie Hedegaard, EU Commissioner for Climate Action: Breaking Europe’s Imported Fossil Fuels Addiction
Europe is by far the largest importer of fossil fuel in the world. Recent developments in Ukraine, Syria and Iraq highlight once again how vulnerable our economy is to price spikes, external energy shocks and other regimes’ wishes. Like a
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UN Reports FDI Hit $1.4 Trillion in 2013, Upward Trend to Continue
Global foreign direct investment is up and expected to rise over the next three years, driven mainly by stronger economies in developed countries, according to a new United Nations report which highlights the key role that transnational corporations and foreign
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