Prime Minister Modi celebrated his birthday on September 17 by re-introducing a group of cheetahs to Kuno National Park, an outsized wildlife refuge in central India. The Asiatic cheetah, a subspecies of the African cheetah, once roamed freely across the nation. By 1952, the animal was declared extinct in India. […]
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For Starbucks, UK Market Loses Appeal
The UK was once Starbucks’ beachhead in Europe. But its European invasion may be crumbling as weak economic prospects call into question a consumer-discretionary business surrounded by thug-like competition. Rumors are circulating that it is prepared to offload its UK business, even after it slogged through the pandemic. Starbucks has […]
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UAE Signs Trade Pact with Indonesia
Abu Dhabi and Jakarta implemented their free-trade agreement this month, harboring important implications for the Gulf nation. The UAE economy is about one-fifth the size of Indonesia. The announcement is also noteworthy because it emphasizes a type of South-South business corridor that is independent of global heavyweights. One notable feature […]
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Fund Marketing: Equity Concept Defies Launch Convention
We are intrigued by news out of Malaysia that the local asset-management arm of Nomura is now rolling out its Global Shariah Sustainable Equity Fund. Given that a new investment fund can take as long as a year to work through marketing issues and regulatory approvals, this product development team […]
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Miami Just Earned a Major Corporate Win
Ken Griffin is a prominent financier. His estimated net worth is some $29 billion, according to Bloomberg. He is also a notable South Florida resident. In addition to a Palm Beach estate, he has committed some $100 million to assembling a private compound on ever-swank Star Island, near South Beach. […]
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Will Business Travel Return to Pre-Covid Levels?
A quick scan of the trade press spotlights an aspirational outlook for business travel. Headlines read “Execs Choose (Real) Face Time Over Zoom” and “Business Travel Ignores Inflation.” But a less selective read offers more muted conclusions. “Business Travel Resumes, But Not at Its Former Pace” may best capture the […]
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In Colombia, Coal Is New-Found Priority
The war in Ukraine has jolted Colombia, at least economically. We are struck by news that Bogota is trying to accelerate coal output, as well as identify mining surpluses, to fill at-hand and oversized shortfalls in Europe, including Ukraine. Colombia is one of the world’s top-ten producers of coal. In […]
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Hollywood Pauses Russia
The international outcry over Putin’s invasion of Ukraine has been so great that the major Hollywood studios had little choice but to abandon the Russian market, at least temporarily. The race to the exit was started by Disney, with Warner Brothers, Sony, and Paramount following suit. Other media-related departures include […]
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Muslim-Owned Grocery Store in Tucson Is Destination for Kosher
Tucson, Arizona is a city with a population of about 550,000, perhaps best known as home for the University of Arizona. It is also home to Al Basha Grocery, a small provisions store that caters to local Muslims. There are—possibly—some 9,000-to-10,000 Muslims in the greater Tucson area. For context, watch […]
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Economic Turmoil Aggravated by Failed Remittances
Florida is an epicenter of outbound remittances for the Caribbean Basin, large portions of which have now evaporated because of the collapse in the state economy. A challenge is the scope and reach of the informal sector. Undocumented workers are not eligible for state unemployment benefits or federal stimulus checks. […]
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