Word: banking
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...firms, analysts at Citigroup wrote in a recent note. Since Telenor took control of Malaysian operator DiGi in 2001, for example, that business has expanded "from a small, niche player to one of the driving forces in the market," says Espen Torgersen, telecoms analyst at Carnegie, a Nordic investment bank. Now the third largest cell-phone operator in Malaysia, DiGi's operating profits grew by a third last year to $454 million; subscriber numbers rose by a fifth to 6.4 million...
...Operators were forced to subsidize a 2005 levy imposed on the sale of SIM cards in Bangladesh, for instance. And in Grameenphone's case, work with its local partner hasn't always been straightforward for Telenor. The Norwegian firm owns 62% of Grameenphone, with Grameen Telecom - part of the bank founded by Bangladeshi Nobel Peace Prize winner Muhammad Yunus - owning the rest. Yunus claims the Norwegians reneged on a deal to cede majority control a few years back. Telenor maintains no such agreement ever existed...
...university library system should certainly instill a reverence for books in students, and Harvard College Libraries has done that job well. Undergraduates have been conditioned to the point that they would likely have an easier time robbing a bank than highlighting a library book. But libraries at certain colleges around the country have been recently allowing students to bring food among the books, much to the approbation of hungry students, and this more lax policy has not resulted in utter chaos amid the stacks. Harvard should also allow students to eat food in certain areas of Harvard libraries...
...Europe, “two percent” means more than a healthy content of milk fat in morning cappuccinos. It is the target rate of yearly inflation mandated by the conservative European Central Bank (ECB). The Bank believes that this end justifies any means...
...economic performance are not thrilled about slowing exports that could easily translate into lower growth and higher unemployment. Because of this, Berlusconi promised yesterday that he would create a “Rome-Paris” axis with Sarkozy, a long-term critic of the ECB, to pressure the Bank into relaxing its strict monetary goals. According to some analysts, the administration of José Luis Rodríguez Zapatero in Spain could also join the alliance in fear of its own housing bubble woes worsening employment prospects...