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Media mogul Marshall McLuhan foresaw the ‘global village’

He coined the oxymoron "the global village" and predicted the impact of the Internet on society. Media guru Marshall McLuhan would've turned 100 this year; Berlin reviews his influence on European art and media culture. "Marshall McLuhan is taken far too seriously," Marshall McLuhan said in a 1967 television interview. For a man who was wary [...]

Global takaful premiums to touch $25b by 2015

Dubai: Global takaful (Islamic insurance) contributions are expected to reach $12 billion (Dh44.04 billion) by the end of this year and reach $25 billion by 2015, according to Ernst & Young's World Takaful Report 2011 released yesterday. Total takaful premiums amounted to $9.15 billion last year. "The takaful industry and its core markets have [...]

Famine in Africa: Global mismanagement of the first order

One of the most striking aspects of this latest famine in the Horn of Africa is the irritated, even fuming, response of so many readers and viewers to the humanitarian crisis. A significant minority, at least, seem to feel that another round of emergency aid in East Africa is simply too much to ask for, as little there is ever likely to [...]

Chevrolet 2.35 million first-half global sales sets record

Chevrolet sold 2.35 million vehicles globally in the first six months of 2011, the best half-year performance in Chevrolet’s 100-year history. “Founded in the United States by a Swiss émigré, Chevrolet was created with a global focus,” said Joel Ewanick, GM global chief marketing officer. “One hundred years later, Louis Chevrolet’s [...]

China continues to be “bright spot” in global economy: IMF

China contributed significantly to the global economic growth during the financial crisis and the trend is expected to continue, according to a report released by the International Monetary Fund (IMF) on Wednesday. The Executive Directors of the IMF believed that "expansionary policies in China during the crisis had played an important role in [...]

Goal to rid world of polio by end of 2012 ‘off track’

A plan to rid the world of polio by the end of next year is "off track", say international experts. India is praised for having had just one case of polio in the first six months of this year. But the report by independent monitors warns that Pakistan "risks becoming the last global outpost of this vicious disease". It has also resurfaced in [...]

GLOBAL MARKETS-Stocks off highs, euro up before EU summit

(Reuters) - World stocks held below a 1-1/2 week high on Thursday after a disappointing services sector survey in the euro zone while the euro ticked up as investors awaited details of a Franco-German deal on a Greek bailout at a European summit later. The dollar fell across the board as U.S. lawmakers and the White House struggled to reach a [...]

UN chief calls climate change “threat” to global peace and security

UNITED NATIONS, July 20 (Xinhua) -- UN Secretary-general Ban Ki- moon said here on Wednesday that climate change comprises a very credible threat to peace and security around the world. "We must make no mistake," said Ban. "The facts are clear: climate change is real; it is accelerating in a dangerous manner; and it not only exacerbates threats [...]

Global aid for trade up 60pc, outlook stable

Geneva. Global aid for trade commitments has reached some $40 billion in 2009, a 60 per cent increase from the 2002-2005 baseline period, the World Trade Organisation (WTO) has said. According to the report launched on Monday by the Geneva-based WTO, disbursements in purpose of aid for trade have been increasing at a constant growth rate of [...]

Bollard urged to show poker face at OCR review

There is too much evidence of a sharp slowdown in global growth for the Reserve Bank of New Zealand to risk signalling an interest rate rise at next Thursday's scheduled review of the Official Cash Rate, says JBWere investment strategist Bernard Doyle. In analysis of the recent surge in the New Zealand dollar to post-float high points above [...]

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