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/ 20 December 2006

The year Indian firms went global

After more than a decade of economic liberalisation, 2006 marked the emergence of India Inc as a worldwide financial player, as domestic companies cast their business vision abroad to acquire bigger and better foreign firms. The hunted turned the hunter. Industrial and business houses enhanced their competitiveness in the new environment.

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/ 20 December 2006

The little town that grew Christmas trees

From the postman to the mayor, nearly everyone grows Christmas trees in the sleepy Hungarian hamlet of Surd in a long-held tradition that has guaranteed economic survival even in hard times. Local lore says that Surd, population 650, produces enough Christmas trees to supply half of the capital Budapest’s two million residents.

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/ 20 December 2006

New York faces all-day rush hour by 2030

The number of residents in New York City could put such a strain on its infrastructure by 2030 that the demand for power exceeds the supply, housing becomes scarce and rush hour lasts all day because of an overwhelmed transit network. Mayor Michael Bloomberg warned that the city of 8,2-million people must start planning now for the expected population growth of another million over the next 25 years.

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/ 20 December 2006

Political reform falters in Egypt

As the year draws to a close, prospects for constitutional reform remain ”bleak” in the view of Egypt’s fragmented opposition, who continue to accuse the governing National Democratic Party of operating a ”police state”. Despite promises of reform and constitutional amendments put forward by the NDP, the coming year promises to be complicated and troublesome.

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/ 20 December 2006

London meat market boosts Christmas cheer

Nestled in London’s business district, Smithfield, one of Britain’s oldest markets, is gearing up for Christmas and New Year with turkeys, geese and organic chickens selling rapidly. Once the historic wholesale meat market opens at 3am, Smithfield comes alive with the hustle and bustle of traders, as it has done for centuries.

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/ 20 December 2006

New species of orchid found in Cederberg

A new species of orchid with beetroot-red leaves and a white flower has been discovered growing just below the summit of the highest peak in the Cederberg Mountains. A member of the genus Disa, the orchid was first spotted and photographed in 2004 by a Cape Nature field ranger, Jonah Zimri, and two of his colleagues.

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/ 20 December 2006

More than 21 000 evacuated in Malaysian floods

More than 21 000 people have been evacuated in Malaysia’s southern Johor state after continuous rains, causing what officials say are the worst floods in years. ”So far 21 742 people have been evacuated from eight districts in Johor. There have been no casualties,” Adnan Mohamad Yassin, an officer in the state’s relief centre, said.