GLOBAL NOTES #8
by Jerry Harris, SolidarityEconomy.net
. Media competition from al-Jazeera
Al-Jazeera will start broadcasting in English having concluded a string of 87 cable and satellite distribution deals. Al Jazeera has been actively recruiting Arab journalists laid-off by the BBC and says its aim is to provide global news from a developing world perspective without “western-centric” baggage. Beaming out of Qatar, the world’s richest nation in per capita terms.
. Foreign Banks in China
There have been a lot of foreign banks eager to enter China. But even with 70 foreign banks from 20 countries setting up 238 operating branches they still account for only 0.55 percent of China’s local-currency loans.
(FT, 11/16/06, p. 1. “China paves way for foreign banks to offer more services.” Mure Dickie and Sundeep Tucker. (more…)
