Starbucks and Tata, Now Serving Coffee Across India
Starbucks has finally broken through India's high barriers to entry and partnered with India's flagship conglomerate Tata in a 50-50 joint venture, to start serving coffee and lattes across the country, starting with her two largest cities Delhi and Mumbai.
One-Third of Japan’s Population To Disappear By 2060
Japan faces a significant population crisis over the next century, said the Japanese Health, Labour and Welfare ministry on Monday, after government forecasts estimated that the population would shrink by nearly a third of its current size by 2060.
European Banks Want To Borrow More Than $1 Trillion From ECB
European banks could ask for more than a trillion dollars in loans from the European Central Bank (ECB) next month, reported the Financial Times on Monday, as the ECB prepares for a second money auction designed to avert a possible credit crunch.
China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
DAVOS, Switzerland-European Central Bank President Mario Draghi told the World Economic Forum on Friday that the ECB's actions in December had averted financial disaster, and cited evidence of improvement in euro-zone markets in recent weeks.
DAVOS, Switzerland - U.S. Treasury Secretary Timothy Geithner hinted Friday that the Obama administration could support an increase in resources for the International Monetary Fund to fight the euro crisis, and also sounded a note of cautious optimism on the U.S. economy.