Carrefour chief Duran to leave
Financial Times - Carrefour will this week announce the departure of José Luis Duran as its chief executive after months of tension. Europe’s biggest retailer will name Lars Olofsson, a Nestlé executive who ran for the top job there last year, to Mr Duran’s post. The Paris-based retailer has struggled at home in the face of aggressive competition from hard discounters, and key shareholders have been unhappy with the pace of overseas expansion.
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Invasion of the Netbooks
BusinessWeek - Some consumers are opting for the inexpensive, small, Web-connected computers in place of laptops that can cost three times as much.
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Keynes is innocent: the toxic spawn of Bretton Woods was no plan of his
Guardian - As the global financial crisis deepens, the rich nations will be forced to recognise that their problems cannot be solved by tinkering with a system that is constitutionally destined to fail. But to understand why the world economy keeps running into trouble, they first need to understand what was lost in 1944.
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The Good Intentions Summit
Spiegel - In the end, delegates at the financial summit of industrial and emerging economies delivered a closing statement without any concrete decisions. Host Bush has nothing left to say, and the world eagerly awaits his successor Obama. What is clear, though, is that G-20’s influence will grow.
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Recessionary design: A boom time for creative energy
IHT - Recession. Depression. Slump. Crash. Whatever it’s called, and however severe it turns out to be, the economic crisis is bound to affect design. The question is how? Judging by design’s fate in past recessions, it will suffer in this one. Some designers’ clients will go out of business, and others will cut costs. Research and development budgets will be slashed. Designers’ jobs will be lost, and projects scrapped. But there may be positive consequences too. Design has always coped well with austerity, and is especially well-equipped to do so now.
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Prejudice in Europe is more than skin deep
Financial Times - Culturally, globalisation is pushing many Europeans – whether pro- or anti-Europe – into a kind of conservatism. As the continent struggles with the task of turning itself into a political force capable of acting on the world stage alongside former colonies such as the US and India, or rising powers such as China, its elites fall back on memories of a time when Europe taught the world its values.
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Here come the liberals
New Statesman - For decades American conservatism defined global politics. Now we are about to witness a seismic change in Washington. Will Hutton leads our special report on the profound impact the new thinking will have on Britain and the world.
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Art’s too expensive, says Hirst
Independent - Just months after the success of a ground-breaking sale at Sotheby’s that brought him nearly £100m, Hirst has described the art market as over-priced, and welcomed the prospect of selling his work at cheaper rates in the present climate of recession.
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