Asian workers rising from top to bottom
Forbes magazine released its annual list of the world's richest people, and the number of Chinese and Indian billionaires has doubled since last year. Daljit Dhaliwal speaks to Roben Farzad of Bloomberg BusinessWeek about the growing wealth in Asia. And Rob McBride of Al Jazeera English reports on labor shortages faced by some Chinese factories.
Wall Street firms play a role in Greece’s financial crisis
Federal Reserve Chairman Ben Bernanke said today he is looking into whether Goldman Sachs and other Wall Street firms may have helped push Greece toward a ruinous level of debt through the use of credit default swaps. For more, Martin Savidge speaks with Roben Farzad, a senior writer for Bloomberg BusinessWeek.
Toyota seeks to make amends for engineering defects
The world's largest automaker is attempting to fix its cars and its reputation. The company announced its latest recall -- more than 400,000 Prius and other hybrid vehicles worldwide -- bringing the total recalls to 8.5 million. The announcement was accompanied by a new apology by Toyota's chairman. Daljit Dhaliwal interviews Roben Farzad for more.
Eurozone unemployment hits record high
In the 16 countries that use the euro as their currency, the jobless rate has hit 10 percent for the first time since the single currency was introduced ten years ago. Roben Farzad, a senior writer for Bloomberg's BusinessWeek, joins Daljit Dhaliwal to discuss the gloomy economic news.
China extends its commercial reach into Afghanistan
China has spent 3.5 billion dollars to purchase a huge copper mine in Afghanistan -- the largest foreign investment project in that country. Roben Farzad, a senior writer for BusinessWeek, joins Martin Savidge to discuss China's increasingly assertive role on the world stage and the state of the global economy as the year 2009 draws to a close.
Debating the impact of a new world financial order
Worldfocus regulars Marcus Mabry of The New York Times and Roben Farzad of BusinessWeek join Daljit Dhaliwal to discuss the implications for the Obama administration of the U.S role as a debtor nation to China. They talk about whether the Chinese may influence U.S. policy on issues ranging from Afghanistan to health care because of this new reality.
An uneven global economy is cause for concern in 2010
Roben Farzad of BusinessWeek discusses the economic fluctuations in Britain, across Europe and elsewhere. He explains how Britain and the UK face identity crises in determining what they can do to dig out of the economic crisis.
China’s market fluctuations could signal overheating
China's stock market index has fluctuated wildly over the past two years, including a 7 percent decline on Monday. Roben Farzad, a senior writer for BusinessWeek, discusses China's stock market and how it could affect the global economy.
France and Germany report economic growth
Two of Europe's biggest economies -- Germany and France -- reported signs of a recovery. Each saw growth of 0.3 percent in this year's second quarter. Roben Farzad of BusinessWeek discusses how fast the world economy is rebounding and analyzes what it will mean for the United States.
Global markets rebound but mask pain of unemployment
As the second half of 2009 begins, global stock markets have rebounded. But unemployment remains a huge problem, from Spain to Japan. Roben Farzad of BusinessWeek discusses where the economy stands around the world.
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