Doing business out of the Third World November 1, 2005 Salman Rahman had to fight corruption, nationalisation and a cripplingly poor infrastructure as he established Beximco in his native Bangladesh. What do you do if you want a fax machine for your office? You get 113 signatures from various government departments, and permission from the security service. Sound absurd? That’s how it was in Bangladesh [...]
House price drop cannot be hidden October 24, 2005 Annual house price inflation was 1.8 per cent according to the latest analysis by the Nationwide Building Society. That is the lowest figure since May 1996, but it is still an exaggeration. Prices rose by 1.8 per cent in the six months to last April — but they have not risen at all in the [...]
BA: Ryanair passengers ‘like freight’ October 20, 2005 British Airways boss Willie Walsh has shocked the airline industry with an attack on Ryanair boss Michael O’Leary. Walsh slammed the low-cost airline claiming that it treats its passengers worse than BA treats freight. In an interview with CityA.M. Walsh said: “I think we actually treat our freight better than he treats his passengers.” The [...]
New storm fears stoke up oil prices October 18, 2005 Oil prices leapt by more than $1 a barrel as tropical storm Wilma threatened to move into the oil-rich Gulf of Mexico by the end of the week. American crude was up by $1.27 to $64.05 by late afternoon yesterday. The storm has winds of 45 mph and s forecast to strengthen in the next [...]