These days, what happens in New York doesn’t stay in New York, especially when it comes to the economy. Events on Wall Street and Main Street in the United States ripple outward, affecting markets and lives across the globe. And likewise, if it matters to business in Beijing or Delhi, Moscow or Madrid, it matters in America as well.

Economy


Rise of the Emirates as an Airline Traffic Hub

Dubai airport (Photo: Muhammad Mahdi Karim/Wiki Commons)

Australia’s Quantas Airlines has ditched its 17-year alliance with British Airways to partner with Emirates Airline. That means its twice-daily ‘kangaroo route’ from Sydney to London will stop in Dubai instead of Singapore.

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Leaked Memo Urges Greece to Move to Six-Day Work Week

A pensioner shouts slogans in front of the Health Ministry during an anti-austerity rally in Athens. (Photo: REUTERS/John Kolesidis)

Greece remains at the center of Europe’s ongoing battle to salvage its single currency, the Euro. Now, a leaked memo indicates that European leaders want Greece to expand the work week, and loosen up its labor laws.

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Crowdfunding: Portuguese Artists in Survival Mode

Luís Tinoco, a classical music composer in Lisbon, successfully tapped Portugal's first Internet crowdfunding network to raise the final few thousand euors needed to complete his first CD. (Photo: Monica Campbell)

Portuguese artist Luis Tinoco is breaking ground by funding his latest work through Internet based public crowdsourcing; familiar in the US but very new in Portugal.

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The Terrible World of ‘Artisanal’ Mining

Children working with their parents, helping with panning for the ore, carrying and selling goods to the workers in Kailo territory of DRC. (Photo: Julien Harneis/Wikipedia)

Geoffrey York, Africa correspondent for The Toronto Globe and Mail speaks to Marco Werman about his visit to artisanal mining operations in Democratic Republic of the Congo, where children work in horrendous conditions.

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Burgundy Wine Village Upset at the Sale of Iconic Castle to Chinese Businessman

Château de Gevrey-Chambertin in Côte d’Or, Burgundy. (Photo: Christophe Finot, Wikimedia)

Residents of a medieval winemaking village in Burgundy are upset by the sale of the village’s castle to a businessman from China.

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Canada’s Controversial $100 Bill

Canada's $100 bill (Image: Bank of Canada)

The head of the Bank of Canada has apologized for provoking a racial controversy over an image on the country’s new $100 bill.

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Haitian Migrants Wait to Get Into Brazil

Photo: Guerra Roberto

Brazil has had a welcoming policy, but now it is setting limits on Haitian migration.

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As Mexico Drug War Rages, Los Dos Laredos Struggle

A view of the shops on Convent Street in Laredo's historic district. (Photo: Shannon Young)

Laredo, Texas, and Nuevo Laredo, Mexico share a border and an economy. So the increase in Mexican drug violence means businesses in both Laredos are struggling.

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To Expand Job Opportunities, Saudi Arabia Plans a Women-Only Work Zone

A woman using an iPhone visits the Janadriya festival on the outskirts of Riyadh. (Photo: REUTERS/Fahad Shadeed)

In a plan to expand job opportunities for women, the kingdom is proposing a women-only zone in one of its new industrial cities near Hofuf.

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In Face of Drought, UN Asks US to Suspend Biofuel Mandate

UN is asking US to suspend its biofuel production to allow the corn crop be diverted for food production. (Photo: Aktron/Wikimedia Commons)

The worst drought in the US in more than 50 years has brought calls for the federal government to suspend its mandate that 40% of the country’s corn crop be used to make biofuel.

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The State of the Palestinian Economy

The Al-Arz factory in Nablus employs about 250 Palestestinian workers. (Photo: Matthew Bell)

At first glance, the Palestinian economy appears to be booming: People are out on the streets, and small shops are packed. But the territory is under Israeli military control, and heavily dependent upon international aid.

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In Tough Economic Times, Calls for Greek Church to Pay More

A mural of Saint Fotios, the Patriarch of Constantinople and protector of the Holy Synod of the Church of Greece, is offering a building representing the Holy Synod while Saint Paul, the founder of the Church of Greece, is offering Greece represented as a ship. (Photo: Matthew Brunwasser)

Pressure is growing on Greeks to tighten their belts with calls for the church to pay more.

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US Regulators Say Standard Chartered Bank Laundered Iranian Cash

Standard Chartered conducts more than three-quarters of its business in fast-growing Asia. (Photo: BBC)

London-based Standard Chartered is facing charges that it “schemed” with Iranian banks to skirt international sanctions.

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New England States More Susceptible to Problems in Eurozone

New England biotech companies, presenting at the annual Bio International Convention in Boston, have a strong research connection to Europe. (Photo: Jason Margolis)

The World’s Jason Margolis reports that New England is particularly susceptible to the whims of the Euro.

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Greece Cracks Down on Illegal Immigrants

A police officer escorts immigrants boarding a bus bound for a police station in Athens (Yorgos Karahalis / Reuters)

In tough economic times, anti-immigrant feeling is strong in Greece, and politicians of all stripes are playing to it.

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