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It's one of the smallest economies in Asia, but it has grand ambitions - and it's spending billions of dollars to realize them. Vietnam is shelling out 5.7 percent of GDP on infrastructure, which is way more than its Southeast Asian neighbors. So why the big spending on roads and airports? The country wants more foreigners to build more factories — but it's not alone. The Philippines and Indonesia have big plans of their own. The race is on.
Nobody trusts the world's best currency. You may never have heard of it, but Azerbaijan's manat has rallied 13 percent since January. Investors, however, still don't have confidence in the currency. After a decade of gains followed by a bad 2015, last year saw bouts of panic and wild swings dent confidence. Here's why people are steering clear.
Global banks are shedding thousands of compliance jobs. Staff tasked with detecting wrongdoing are being pared back for the first time since the financial crisis, ending a hiring boom that accompanied $321 billion in fines. Royal Bank of Scotland plans to eliminate as many as 2,000 jobs, while other lenders also are planning cuts.
Google's advertising crisis is spreading. Controversy erupted last week after the London-based Times newspaper reported that some advertisements were running with YouTube videos that promoted terrorism or anti-Semitism. While a number of high-profile U.K. companies initially pulled advertising from the platforms, the boycott spread across the Atlantic, potentially costing Google and YouTube hundreds of millions of dollars in lost business.
China's debt risks are going global. Global investors desperate for yield are lapping up offerings from China. The country's riskiest corporate borrowers are raising an unprecedented amount of debt overseas, leaving investors to shoulder more credit risks, after onshore defaults quadrupled in 2016.
Feeling overwhelmed at work, but at the same time that you're not accomplishing anything? Then you may be suffering from burnout. Workers are feeling more stressed and depressed than ever. Hopefully, we can help with that.
A smart move? Montblanc is the first brand in the Richemont family of luxury companies to put out a smartwatch. The Montblanc Summit aims to compete with, among others, the Apple Watch and rival Swiss brand TAG Heuer's Connected Watch. By designing the case to look like a classic mechanical watch from its 1858 line, it hopes to attract a mix of loyalists and millennials.
How to turn any hotel room into a sleeping cave. HotelTonight CEO Sam Shank is a self-confessed trip junkie, who logs up to 100,000 miles of travel a year. He never leaves home without a couple of binder clips, prefers using apps on the move to planning ahead, and has a favorite secret bolthole. Here's how he makes the most of his time on the road.
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