Only 10 percent of the city's time-honored brands make a profit, and those with the potential to succeed overseas are limited.
Major thought leaders in technology and emerging markets formulate a robust yet accessible framework for organizations that face disruption and must strategize proactively.
Emerging markets are being officially touted as "the next big thing" in the luxury industry with a "luxury nibbler" India and "+stage of money" China slated to lead the way in terms of sheer size of market growth over the next two decades.
The two gunmen who killed 21 people in an attack on foreign tourists at a Tunis museum trained at a militant camp in Libya, Tunisia's secretary of state for security said.
European Union leaders agreed on Friday to increase cooperation with Tunisia following the Islamist attack on tourists in the capital this week, saying they would also offer more economic assistance to the new Arab democracy.
The world could suffer a 40 percent shortfall in water in just 15 years unless countries dramatically change their use of the resource, a UN report warned on Friday.
World health experts warned on Thursday that smoking water pipes, long popular in the Middle East and North Africa and with a growing fan base elsewhere, can be more harmful than cigarettes.
The Singapore Police Force is investigating a young male Singaporean who is suspected of having posted the fake photo claiming the death of former Prime Minister Lee Kuan Yew earlier on Wednesday night, local media reported on Friday.
Two suicide bombers attacked two mosques in Yemen's capital of Sanaa during Friday prayers, killing at least 55 people and wounding dozens of others.
Amid new tensions between two allies, President Barack Obama on Thursday told Israeli Prime Minister Benjamin Netanyahu that the US is reassessing its approach to Israeli-Palestinian peace.
Paris authorities have requested emergency traffic-limiting measures to be put in place on Friday, as the City of Light and much of northern France suffers from a choking smog.
Amalgamation could open doors for more overseas plant deals
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