Anything that comes under luxury has been put aside by many folks almost over the past one and a half years due to recession. People are careful about not squandering their money on anything ever since the world economy tumbled down. Splurging has been replaced by scrimping but how long does one go on living [...]

Hitherto Ginza has been known as the fashion capital of Tokyo. It’s also been regarded as the very best district in Tokyo for shopping, gossiping over meal or just being seen over the past few decades. However, Ginza will soon lose some of the most well-renowned designer names such as; Loius Vuitton and Gucci from [...]

In VOANews.com, Akiko Fujita reports from Tokyo that ‘the Toyota brand is an icon in Japan. Its global success is a source of national pride. So when the automaker announced plans to stop selling millions of its cars in the United States and Europe last month because of gas pedal defects, the Japanese were concerned. [...]

Ben Quinn, correspondent for The Christian Science Monitor, reports that Virgin owner and megawealthy Richard Branson supports the alarmist ‘warning of an impending peak oil crisis.’ Branson and some fellow British business leaders funded a recent study whose report supports the claim that peak oil will be real by 2015. The impending scenario where oil [...]

When it comes to luxury cars, some Ritchie rich who have a fondness for them do not compromise. The world market might be doomed due to recession or economic instability but some of these rich folks are always ready to spend a fortune on buying them a luxurious car. This time around, the craze is [...]

A significant way in how the whole world turns actually rests in the hands of US President Barack Obama and his administration. Tempering the nuclearization of global weaponry, harnessing efforts to reduce greenhouse gas emissions posthaste and on a global scale, truly changing the fate of Afghans, assuring stability in the potentially combustible powder keg [...]

“The global economic crisis has devastated workers around the world, none more than migrants whose daily wages are dependent on the whims of global financiers. Witness Dubai. Even before the meltdown of Dubai World, migrants whose labor literally built Dubai from the ground up suffered serious job losses with the onset of the global recession [...]

Nisha Varia, senior researcher in the Women’s Rights Division of Human Rights Watch, says, “Governments seem to forget that when men, women, and children migrate, they don’t leave their rights at home. Instead of protecting people who already are at special risk of abuse, many governments further marginalize migrants, punish them, or push access to [...]

Debt and the institutional accumulation of it are wracking the world. Dubai’s case might just be a harbinger of a series of blowups that is soon to follow. Fact is, there are similar financial trouble spots across the globe right now. The ‘one-time wonderland in the desert’ that is now struggling to pay its bills, [...]

‘A significant chunk of Dubai’s debt is in the form of Sharia-compliant bonds.’ What is unique with these ‘increasingly popular instruments’ is that lenders are forbidden to collect interest. It is now unclear how Dubai’s default will affect these Islamic lenders who gave these funds under a ‘partner-like relationship with the borrower.’ The misfortune that [...]