Neither recessions nor world wars have deterred women from indulging in beauty products, writes Valentina Zannoni.
The European Union's attempt to regulate hedge funds will affect other classes of alternative investment such as real estate funds and investment trusts, lawyers studying the fine print of the new rules have warned.
The head of the World Health Organisation hit back at critics who have accused it of over-reaction to the swine flu crisis, warning it may return "with a vengeance" in the months ahead.
Barack Obama on Monday promised to double public funding of scientific research to exceed the level Washington spent during the "space race" unleashed by Dwight Eisenhower and John F. Kennedy 50 years ago.
While basic prices for transporting, storing and cremating bodies in China are supposed to be set and regulated by the state, "extras" including coffins, urns, wreaths, funeral processions and graves are all set by "the market".
India is the latest of several nations to raise the alarm about illicit capital flight. Following high-profile scandals involving Liechtenstein and Switzerland, the Group of 20 nations has demanded greater co-operation in tackling the shadow financial system.
ArcelorMittal is likely to have to make permanent cuts of up to 10 per cent in its steelmaking capacity as the industry reels from the impact of the worst global recession in decades, industry observers have warned.
The economic downturn in the world's jewellery markets has checked the growth of India's diamond export industry, cutting the workforce by as much as 25 per cent and forcing one of the country's most promising export sectors to seek government help.
The shift in consumer buying power towards emerging markets is not only giving Chinese brands a much better chance of breaking out of their domestic market but is also subtly altering how western companies develop and market global brands.
India's pay-television industry, a magnet for foreign investors for the past two years, is facing a shake-out amid intense competition during the economic crisis.
The global financial crisis has inflicted at least a year's delay on the Indian IT outsourcing industry's drive to reach its short-term revenue forecasts, with key markets in the US and Europe suffering from the financial downturn.
The deteriorating global economy means financial institutions now face total losses of $4,100bn on loans and other assets, the International Monetary Fund said on Tuesday, urging governments to take "bolder steps" to shore up institutions - including nationalising them where necessary.
A series of interest rate cuts in India has failed to lead to cheaper commercial lending, leaving Asia's third largest economy to grow at only 6 per cent this year, the central bank said on Tuesday.
Despite New Delhi's self-reliant public stance, India receives almost twice as much development assistance for water and sanitation as any other country, according to data from the Organisation for Economic Co-operation and Development.
Soaring security expenses mean this month's parliamentary election will cost India over 50 per cent more than the last such poll in 2004.
It is hard to believe that barely two months ago Manmohan Singh was having quintuple heart bypass surgery. The Indian prime minister appears robust, if a little tired, as he pursues a punishing schedule that yesterday involved taking time out from campaigning in hotly contested parliamentary elections to fly to London for the Group of 20 summit.
India faces a shortfall of as much as $190bn in financing key infrastructure projects as the global crisis chokes off urgently needed capital, according to a study by McKinsey, the management consultants.
The Madoff case has become a powerful symbol. The odd thing is, no one is exactly sure what it is a symbol of.
The 12.5 per cent EM outperformance this year is surprising. As any market strategist will tell you -- in times of stress when safe haven trades are in fashion, emerging markets typically fall faster than developed ones as investors switch out of what they deem to be riskier assets.
Nowhere is this more the case than in communications, and social networking in particular. The arrival of the "Facebook generation" among the student population has highlighted how social networking websites can improve interaction and promote use of the schools' own online networks.
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