For whoever has seen the 2002 movie "City of God" -- based on real stories set in the eponymous slum in Brazil's Rio de Janeiro -- a favela can be a scary place, plagued by violent crime.
The birth of a child fathered by a 13-year-old boy has sparked an uproar in Britain.
So much for the theory of "decoupling," the hopeful notion held just a few weeks ago that the rest of the world was robust enough to ride out a U.S. domestic crisis.
The Western military alliance's raison dÊtre was to contain Russia. So what happens when Moscow calls its bluff?
Faced with global warming, plants are heading for the hills. A study of 171 forest species in Western Europe shows that most of them are shifting their favored locations to higher, cooler spots
Orla Buckley was less than a week into her study abroad program in Spain when things went sour.
Forget lists of "What's Next" in travel. Eastern Europe is "What's Now." While it's catching up to the West -- becoming more modern, expensive and crowded -- Eastern Europe remains a great value. Here's what to expect this year.
The NBA's on-and-off approach to expansion into Europe is back on again. Commissioner David Stern is considering new plans to create five full-fledged NBA franchises in Europe over the next decade, a league source told SI.com.
Averting what could have been another gas crisis across Europe, Russia and Ukraine have fixed a price on natural gas for 2008 while Kiev has promised to pay its 2007 gas debts.
A sweeping new global report, released by the World Health Organization today in New York City, urges governments to get tough on the tobacco epidemic before it's too late
For whoever has seen the 2002 movie "City of God" -- based on real stories set in the eponymous slum in Brazil's Rio de Janeiro -- a favela can be a scary place, plagued by violent crime.
The birth of a child fathered by a 13-year-old boy has sparked an uproar in Britain.
So much for the theory of "decoupling," the hopeful notion held just a few weeks ago that the rest of the world was robust enough to ride out a U.S. domestic crisis.
The Western military alliance's raison dÊtre was to contain Russia. So what happens when Moscow calls its bluff?
Faced with global warming, plants are heading for the hills. A study of 171 forest species in Western Europe shows that most of them are shifting their favored locations to higher, cooler spots
Orla Buckley was less than a week into her study abroad program in Spain when things went sour.
Forget lists of "What's Next" in travel. Eastern Europe is "What's Now." While it's catching up to the West -- becoming more modern, expensive and crowded -- Eastern Europe remains a great value. Here's what to expect this year.
The NBA's on-and-off approach to expansion into Europe is back on again. Commissioner David Stern is considering new plans to create five full-fledged NBA franchises in Europe over the next decade, a league source told SI.com.
Averting what could have been another gas crisis across Europe, Russia and Ukraine have fixed a price on natural gas for 2008 while Kiev has promised to pay its 2007 gas debts.
A sweeping new global report, released by the World Health Organization today in New York City, urges governments to get tough on the tobacco epidemic before it's too late
New research finds Tamiflu-resistant strains of the most common flu virus popping up all over the world
Three scenes from the new battle for global economic supremacy:
A strip of honey-colored flypaper spirals down from a thumbtack that anchors its now-empty canister. Speckled with lifeless flies, the canister swings each time the violin bow pokes it.
Something keeps drawing me back to New Zealand. I suspect something always will.
Chrysler Group is set to give final approval to a deal that would have a Chinese automaker build small cars for it to sell in the United States and Western Europe, according to a newspaper report Tuesday.
Throughout Europe -- on medieval ramparts, in churches, produce markets, alpine farmsteads and Riviera villages -- the local culture thrives while tourists sleep.
Americans have never taken much to living abroad, at least not to the same degree the British have. Some 5.5 million Brits, about 10 percent of that nation's total population, now live as expatriates, with 200,000 more every year.
Chrysler CEO Tom LaSorda has gotten a much-needed vote of confidence from his boss, DaimlerChrysler chairman Dieter Zetsche. But LaSorda has a lot of work to do after Chrysler lost $1.5 billion in the third quarter because of overproduction and slumping light truck sales, and it's in the midst of a vast cost-cutting scheme.
Top auto industry executives expect to see increased bankruptcies and continued tough picture on profits, according to an annual survey by KPMG.
Stocks posted slim gains in thin trade Tuesday after a disappointing report on holiday retail sales.
Wall Street struggled Tuesday as stocks fought for gains after surging but ultimately disappointing sales over the Christmas weekend.
The annual Leonid meteor shower could produce a strong outburst this weekend for residents of eastern North America and Western Europe.
At a makeshift recreation center at a hospital here in eastern Congo, about 500 women surround one of their own, who's lying on the floor.
China and India will keep up their new role as magnets for corporate research in coming years not just because of their lower costs, but also because their universities are easy to partner with, a study said Thursday.
Moscow and Kiev officials have praised a deal to end a pricing dispute for Russian natural gas that caused shortages in Ukraine and throughout Western Europe.
German officials Monday pressured Russia and Ukraine to agree on a new natural gas contract, but also said Germany has 2-1/2 months during which it can find other means to fill any gap caused by the dispute.
Russia's state-owned natural gas monopoly Gazprom has suspended the flow of natural gas to Ukraine after Ukrainian officials refused to sign a new gas-price agreement.
Russia's state-owned natural gas monopoly Gazprom suspended the flow of natural gas to Ukraine over a pricing dispute Sunday, a move the Ukrainian president decried as "unacceptable."
Diversify, diversify, diversify...most investors have had this investing mantra drilled into their brains by now.
It is a time to take a breath and reflect.
Greece on Tuesday said it had recalled its top envoy from Slovakia and ordered an urgent inquest into allegations that the diplomat is involved in arms smuggling.
Deputy Defense Secretary Paul Wolfowitz is best known as one of the architects of the Iraq war.
The members of the 109th Congress will have to deal with several complex issues if the Bush administration has its way. The president has been steadily advancing his political agenda since his re-election, pushing some major and controversial reform proposals to the top of the congressional docket.
More Britons are crossing the Atlantic to take advantage of a falling dollar and with the pound closing in on $2 and cheap airfares abounding, that could continue.
Sky watchers on half the planet are gearing up to watch Earth's shadow consume a blood-red moon Wednesday night in the last total lunar eclipse until 2007.
If you are anxious to see much of the Soviet-style Eastern Europe, then Prague and the Czech Republic are probably not the places to be. The difference between the two old states of Czechoslovakia is very noticeable indeed.
The French National Assembly has overwhelmingly approved a proposed controversial ban on Muslim headscarves and other "conspicuous" religious symbols in French schools.
Feeling overworked? You now have a national movement to share your pain. A coalition of work-and-family organizations has designated Oct. 24 as Take Back Your Time Day. They hope Americans will tak...
The battle for your baby's bottom--a brutal slugfest that makes the Coke-Pepsi showdown look like a playground tussle--took an even nastier turn last year. Procter & Gamble's overhaul of its $4-bil...
In October 1930, in a magazine essay titled "Economic Possibilities for our Grandchildren," British economist John Maynard Keynes urged his readers not to get too caught up in the gloom of the time...
Less than a decade ago getting or sending mail in the Galapagos Islands meant enduring the tortoise pace of the postal service. But now a tourist sailing off the coast of Ecuador--or just about any...
Is America headed for a recession? It better not be, because for the rest of the world, the resilient growth here and in Europe is just about all that's been keeping things from going from bad to m...
Most American investors are in denial about what is coming: The global deflationary wave let loose by the Asian financial crisis last year has started rolling around the world to weaken Japan even ...
Want something to worry about besides the year-2000 effect on the world's computers? Try wringing your hands about overcapacity. The New York Times recently fingered it as capable of causing the de...
In October, 50,000 New Yorkers on Manhattan's Upper West Side will finally get a shot at the next great wave of technology--fresh off the boat, unbelievably, from the Old World. In much-delayed tri...
To American eyes, European information technology, much like a European village, seems quaint. The Continent has never developed a computer industry to rival that of the U.S. But technologically ba...
On a shivery Saturday morning in Warsaw, the only workers at the headquarters of the Polish state automaker FSO are uniformed security guards and a delighted new Korean owner, Kim Woo-Choong, 59, c...
The American economy is striding into its 49th month of expansion, coming off a year in which it grew 4.1%, unemployment fell to 5.4%, and profits, investment, and exports all boomed. Americans nev...
Most cities in Western Europe and North America-- including London, Montreal, and West Berlin--ripped up their trolley tracks in the 1950s and 1960s to make way for cars and buses. But a new genera...
Just months ago, the experts were writing off exports. Yes, U.S. manufacturers had become competitive on price and quality, but recession-ridden Europe and Japan simply didn't have much reason to b...
GLOBALIZATION. Aren't we sick of it? Haven't we heard enough already about consumers from Alabama to Zambia wearing Levi's and Nikes and sweaters from Benetton, drinking Coke and Pepsi, eating Big ...
You don't have to be Jules Verne to believe that travel would be broadening for your portfolio. While even optimists expect a gain of no more than 3.5% for the U.S. gross domestic product during Pr...
Given the explosive nature of international fixed-income markets over the past nine months, it wouldn't necessarily be a typo if this story were titled ''Investing in Foreign Bomb Funds.'' Indeed, ...
EUROPE is starting 1993 in a sour mood. The march toward economic and political unity has begun to look more like a parade of stragglers. With recession deepening and widening, big layoffs seem imm...
The mix of citizens in developed countries is tilting toward the old. For youth, look to the Third World, particularly sub-Saharan Africa, where families average six-plus children each (see chart)....
There's little doubt the economy is frazzled. Job cuts mount, consumer confidence wanes, housing starts fall, auto sales idle. But will it fizzle as it did last year, when the slow-mo recovery that...
REASON NO. 1 for going global: It provides a powerful extra source of growth. While U.S. companies hunkered down to tough out an anemic recovery in the domestic market last year, U.S. exports rose ...
CALL IT the new New Europe. In a breathtaking rendezvous on the eve of 1992, the drive for a unified market has converged with the fall of communism to make Europe a far bigger and more competitive...
Allied bombing in World War II couldn't destroy Konigsberg when it was part of Germany, and neither could 46 years of urban planning by the Soviets, who got hold of the city in 1945 and renamed it ...
A NERVOUS SOBRIETY has set in across Eastern Europe. Two years after the Iron Curtain came crashing down, the region's experiments with capitalism might, to some eyes, seem an excellent advertiseme...
EVEN IN TOUGH TIMES, there are frothy profits to be made cleansing the water and purging the pipes of American industry. The world's largest supplier of water treatment chemicals, Nalco Chemical of...
Europeans are worried that they will soon face a new Soviet menace: a flood of refugees. This winter, living conditions in the U.S.S.R. are sure to deteriorate and food will be scarce -- the nation...
''There are two sides to every girl,'' as Jimmy Durante once posited in a memorable ditty, and two sides in the debate that regularly erupts in the U.S. every Labor Day. (Daring transition, eh?) Su...
Rocked by Iraq's invasion of Kuwait, sharply higher oil prices, and fears of runaway inflation, the world's top two stock markets came in for an August shellacking. U.S. shares fell 15%, while Japa...
TWICE BURNED in the 1970s, Western Europe and Japan have spent the past decade getting ready for another oil shock. High taxes on heating oil and gasoline, among other measures, have reduced oil's ...
Does the dollar's recent surge against the yen awaken bad memories? Put your fears to rest. It is nowhere near its 1985 peak and is likely to fall in the months ahead. The merchandise trade deficit...
AGE HEALTHFULLY, retire earlier, and bank on ever richer government benefits. For nearly 50 years, political leaders in North America, Japan, and Europe have promised their citizens varying version...
There is a tendency in the Western world to talk about only one region at a time. Ten years ago, people talked about Latin America as a great opportunity. Now everyone talks about Eastern Europe. I...
Decidedly fewer financial intermediaries and purchasers will gain control of corporations. There will also be much less tolerance for financial acquisitions -- less political sympathy, less popular...
Income-oriented investors usually stick to U.S. issues. But this year they might also consider high-yielding foreign stocks that trade in the U.S. as American Depositary Receipts (ADRs), which are ...
AMERICAN chief executives, like most of their compatriots, have elatedly watched the spirit of freedom steamroll through Eastern Europe, toppling hard- line Communist regimes as if they were made o...
Millions of Eastern Europeans and Soviets -- educated and talented for the most part -- are likely to try to start fresh lives in the West as barriers to free emigration continue to tumble. The U.S...
''Bold and brilliant,'' trumpeted Chicago philosopher Allan Bloom when his former student Francis Fukuyama published ''The End of History?'' in the neoconservative journal The National Interest las...
The world is entering unknown territory. For two out of three living Americans -- and about as many Russians and Europeans -- the bipolar system forged by the cold war is all they have ever known. ...
Are you up to the challenge? Beware. Leading the vanguard of global investors doesn't necessarily make for restful nights. When Swedish ball-bearing maker SKF plunged into Russia, its dream of prof...
Western Europe's traditional rib-sticking breakfast is endangered. At least, that's the hope of U.S. cereal makers. Kellogg and Quaker Oats already dominate the European market, and their sales are...
''Hallelujah, it's been a long time coming.'' So says Dwayne Andreas, CEO of Archer Daniels Midland, the food processor and grain exporter, of the selling opportunities following the Bush-Gorbachev...
WITH THE FALL of the Wall and the lifting of the Curtain, Western managers and investors must rethink their strategies for doing business in Europe in the 1990s. Suddenly the Old World has gained a...
AMERICA'S GROWING environmental concern has been matched, and in many ways exceeded, by the stunning rise of the so-called Green movement in Western Europe. Once thought of as little more than busi...
Move over, Karl Marx. Hungary's premier university has dropped Das Kapital from its required reading list. And, this month, the reform-minded Magyars are launching the East bloc's first MBA program...
Two years ago, your correspondent had a part-time tour of duty in the Pentagon, serving as editor for a high-level group called the Commission on Integrated Long-Term Strategy (CILS). The commissio...
AT 68, Giovanni Agnelli, chairman and principal owner of Fiat, is one of the most powerful industrialists in Europe. How he reacts to the changes that are about to sweep the global auto industry wi...
Investment fever is gripping the global village. Capital spending has been brisk around the world, especially among the Little Dragons and in Japan, Indonesia, and India. Led by electronics and mac...
The place locals go in Sofia, the capital of Bulgaria, is Dondukov Street, a cobblestoned commercial strip where a marble-floored store is selling Hush Puppies shoes. Everybody in Bulgaria, it seem...
ALL IS VANITY, said the Preacher, and there is nothing new under the sun. Well, maybe there wasn't in the time of King Solomon, and anyway the author of Ecclesiastes was pondering the human conditi...
THINKING about going global? Friend, you're too late. The train has already left. Today the competition for goods, services, and ideas pays no respects to national borders or the old geopolitical d...
The Mexican stock market looks like an empty enchilada, with values down about 66% since October. While investors flee, however, tourists pour in. They pumped almost $2 billion into Mexico's troubl...
The U.S. could gain more jobs through exports than it loses because of imports. Richard Belous, a labor economist at the Conference Board, and Andrew Wyckoff, an economic analyst at the U.S. Office...
The free-market fever sweeping Western Europe has finally spread to Portugal, a stronghold of socialism for a decade. In July voters handed the moderate Social Democrats a thumping parliamentary vi...
The U.S. trade dispute with Western Europe could bring bellyaches to lovers of imported foods and spirits. In the event that President Reagan makes good on his threat to slap a 200% tariff on more ...
CONSUMERS already live in a global village. Young Europeans and Americans alike sport Benetton sweaters made in Italy, covet Japanese compact disk players, and haunt remarkably similar hangouts. Ke...
THAT SAVAGE MUGGING suffered by Caterpillar on Wall Street late last month -- when its shareholders were suddenly relieved of around $800 million of market value -- must have looked mysterious to m...
THE MYSTERIOUS gleaming object in the gloved hand on our cover is not an exotic fragment from a distant galaxy but just one of the everyday wonders of the technological revolution: a silicon wafer ...
Rookie mutual fund manager George Noble showed a talent for picking foreign stocks and earned a big return for shareholders of the Fidelity Overseas Fund (FORTUNE, December 23). In January, Lipper ...
WALL STREET seems to be banking on faster economic growth -- look at those bulls run -- but in fact the signals are decidedly mixed. True, employment rose strongly in October, but retail sales slum...
The oldest baby-boomers will be 40 next year -- a cheery prospect for Dallas- based Royal International. The company is one of the largest and fastest- growing national retailers of eyeglasses and ...
U.S. farmers' prospects continue to dim under the curse of a plentiful harvest, and their problems have spread to the Farm Credit System, the largest agricultural lender, which may need a federal b...
A MAJOR PLUNGE in oil prices -- the break to $20 a barrel or less that oil users have been dreaming about for several years -- could be upon us no matter what is said and done at OPEC's Vienna meet...
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