Word: sectored
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...decades - are pulling up stakes and leaving the country. They're voting with their feet to escape Schröder, his taxes and the onerous labor laws that they say prevent them from competing in the world market. Take the luxury leather-goods industry. As recently as 1990, the sector employed 45,000 skilled craftsmen turning out hand-tooled bags and wallets. The industry now employs only 22,000 workers as companies have moved jobs to cheaper locations overseas. Joining the exodus is Goldpfeil, one of Germany's iconic leather-goods brands, which announced last week that it is laying...
...sharing of capital gains or losses. But even with post-Sept. 11 suspicions that Islamic banks may fund terrorist organizations, demand for the services of ifis is on the rise from the towers of Bahrain to the streets of London. Indeed, they represent one of banking's hottest sectors. A recent report by Standard and Poor's found that the growth rate of Islamic banking services outpaced that of conventional banking during the past decade. "Most observers agree on an annual growth rate of 10%," says Anouar Hassoune, a Standard and Poor's analyst in Paris. "Total assets now managed...
...sales by taking a new approach to selling ads, collecting fees for wireless services and harnessing the craze for online games. "Chinese portals originally followed Yahoo. Now they have become a leader," gushes Chang Qiu, managing director of Forun Technologies, a research company that focuses on China's tech sector...
...defended the practice of paying its investors salaries comparable to what they would earn in the private sector, and industry experts agree...
...Unfortunately, retailing is far from Japan's only stunted sector, and rampant overemployment?as in that parking garage outside of Tokyo?is only the beginning of the problem. Hobbled by the government policies designed to help them, most domestic industries are basket cases. Often prevented from consolidating and insulated from competition, most businesses are too small to achieve economies of scale, are poorly managed, and use antiquated equipment and business models?all of which hurt productivity and increase prices. Take food processing: Without state-of-the-art market research and sales-tracking capabilities, food companies churn out endless variations...