Tag Archives: The Americas

Lavish wedding tests new Mexico government austerity pledge

next The cover of Hola! magazine features Cesar Yanez, a personal adviser to Mexican President-elect Andres Manuel Lopez Obrador, and his bride Dulce Maria Silva in Mexico City, Thursday, Oct. 4, 2018. The wedding, officiated by an archbishop, with designer dresses, palatial decorations and a huge convention-center reception, was likely the last image Mexico’s austerity-minded president-elect wanted one of his ...

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Japan still has great influence on global financial markets

IT IS the summer of 1979 and Harry “Rabbit” Angstrom, the everyman-hero of John Updike’s series of novels, is running a car showroom in Brewer, Pennsylvania. There is a pervasive mood of decline. Local textile mills have closed. Gas prices are soaring. No one wants the traded-in, Detroit-made cars clogging the lot. Yet Rabbit is serene. His is a Toyota ...

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How the medical-tourism business thrives

IN THE tiny Croatian town of Zabok patients arrive in their thousands each year from across Europe and the Middle East, seeking replacement hips or knees at the St Catherine hospital, which specialises in orthopaedic work. Some come for treatment they cannot get at home, others to escape long waiting-lists for public health care or high prices for private operations. ...

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Japanese banks’ foreign exposure may threaten financial stability

THE maelstrom that hit global financial markets a decade ago is known in Japan as the Lehman Shock, after the bankruptcy of the American investment bank that caused it. Japanese banks themselves escaped relatively unscathed, owing to defences built during the 1990s, when the country struggled with deflation and excessive debt. But they seem to have forgotten the lesson. Risk-taking ...

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The death of Sergio Marchionne leaves a big gap at FCA

THE question of who would replace Sergio Marchionne has been in the air for a year or more, ever since the chief executive of Fiat Chrysler Automobiles (FCA) announced that he would step down in 2019. But the way the answer came was both shocking and sad. Mr Marchionne’s death, at the age of 66, was announced on July 25th, ...

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Has BRICS lived up to expectations?

DOES anyone still care about the BRICS? Brazil, Russia, India, China and South Africa concluded their tenth official summit in Johannesburg on July 26th. The widespread perception is that the group has failed to live up to the hype the acronym helped to generate. But that is only half true. The combined GDP of the original quartet (which did not ...

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