The impact of the massive earthquake on Chile’s wine industry has become more clear in recent days, and it is significant, though not as bad as some had feared. Worldfocus Consulting Producer Edward Deitch explains.
The Greek government has imposed new austerity measures, including raising sales taxes and cutting pay for civil servants, to help fix its budgetary crisis. For more on the impact of this major financial issue in the eurozone, Daljit Dhaliwal speaks with Peter Coy, the economics editor for Bloomberg BusinessWeek. And our German partner Deutsche Welle reports.
A small island archipelago in the South Atlantic recently made it back into the headlines. Known as the Falkland Islands and in Spanish as Las Malvinas, we look at why this little-known place brought two nations to war in 1982 -- a conflict that threatens to reignite. Martin Savidge hosts Juanita Brock of the Falkland Islands News Network and Professor Maria Victoria Murillo.
In addition to brake problems, Toyota announced today that it will be fixing oil hoses in 1.6 million vehicles around the world, most of them in the U.S. A famous American adage states, "As General Motors goes, so goes the nation." In Japan, many are wondering if the same principle applies to Toyota. Our German partner Deutsche Welle reports from Japan.
Two days after a massive earthquake in Chile, there is now a desperate struggle to find people who may have survived. Officials now say at least 723 people died, and 19 others are missing. For more on the earthquake's impact on the Chilean economy, Daljit Dhaliwal interviews Susan Segal, and Mariana Sanchez reports from Chile for Al Jazeera English.
The earthquake that hit Chile has resulted in hundreds of deaths and infrastructure damage throughout the country. Tsunami warnings spread across the Pacific, as far away as Japan and Alaska. Read how blogs and social media have been assessing the impact of the quake around the world.
Worldfocus editorial consultant Peter Eisner writes how survivors of the Haitian earthquake need quick solutions that may not come in time for the punishing rainy season that starts in May. Eisner says that Haitians now face the looming threat of disease, misery in makeshift tent camps and a lack of adequate food and water.
Worldfocus associate producer Mohammad Al-Kassim traveled to Israel last December. He filmed at the Hadassah Neurim Youth Village, where he found a diverse group of at-risk young people reinventing themselves through their studies.
The Royal Bank of Scotland has become the leading symbol of the U.K.'s banking crisis. RBS announced more big losses this week yet still found room to award its employees almost $2.5 billion in bonuses. That has sparked a good deal of outrage. The bank's rationale for the bonuses is similar to what many U.S. banks have said to justify big payouts.
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.