Developing countries' rising middle classes and desire for premium Western goods drive the rapid growth.Europe,Global Economy,China,Exports,India,Ireland,Russia,South Africa,United States,whiskey,Michael Lerner
As Russia uses its reserves, neighboring Belarus and Kazakhstan seek to end overreliance on Moscow.Asia-Pacific,Europe,Alexander Lukashenko,Belarus,Eurasian Economic Union,FDI,Kazakhstan,Moscow,oil,ruble,Russia,Ukraine,Michael Lerner
German carmaker Volkswagen announced it plans to invest $7 billion in North America over the next five years as it looks to boost its sales in the U.S, which slid 7% last year. A new seven-passenger SUV will go on sale in the U.S. in 2016 as part of the investment plan.
Sixty properties including forts and barracks will be sold or rented to help pay for the army's modernization.Europe,army,Austerity,Azores,Bailout,IMF,Lajes air base,NATO,Portugal,United States,Michael Lerner