Capitalism

Turkish fast-food chain operator TFI Tab Food Investments postponed its planned $220 million initial public offering in New York on Feb. 6, as the recent stock market volatility makes such stock market flotations challenging.

Thirty years ago Wall Street slid into the abyss, suffering the biggest one-day market fall of over 22 percent. Since then the Dow Jones has risen from 1,738 points to an all-time high of over 23,000, raising fears another historic crash is on the cards.

Finance Minister Euclid Tsakalotos said recently that Greece did not have a normal capitalist system before the crisis. He is absolutely right about that. There is a threat, however, that the greedy, parasitic version of capitalism that's harmed us will not only survive on his watch, but grow stronger, and that we will miss a big opportunity to regain our footing on firmer ground.

The tourism of younger people is a very promising market. According to the data available by the World Tourism Organization 370 million young people are expected to be traveling around the globe by 2020, while another estimation for tourists between the ages of 18 to 26 states that the value of this market will rise up to 320bn dollars.

Chinese President Xi Jinping presented himself as a champion of globalization on Jan. 17, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars.

Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the World Economic Forum said on Jan. 11.

President Barak Obama has said that part of the effect of globalization and improving innovation has been an increase in feelings of inequality.

The US presidential elections have been a gripping spectacle, not only because they were spectacularly ugly and divisive but also because of what is at stake in America and the world.

It took almost six years - or 69 months - for profit-making companies to outnumber loss-makers on the Athens bourse, as the main feature of the first half's financial results submitted to the stock market is that the balance between earners and losers has swung in favor of the former for the first time since September 2010.

President Recep Tayyip Erdo?an's trip to Washington last month showed just how far the Turkish government's reputation has plunged in the West. Erdo?an's security team stirred outrage by roughing up both protesters and ordinary reporters trying to enter the Brookings Institution think tank, where he spoke on March 31.