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Agence France-PresseFebruary 19, 2013 10:30
AFP World Economic News Summary
The top world economic stories on Tuesday:
Switzerland-pharma-business-pay-Novartis
ZURICH: The outgoing head of Swiss pharmaceuticals giant Novartis, Daniel Vasella, has agreed to give up a massive pay-off, he said after a nationwide storm of protest.
Europe-food
PARIS: The world's biggest food company, Swiss-based Nestle, and the world's top beef producer, JBS of Brazil, were the latest in a long list of firms to be embroiled in Europe's spiralling horsemeat scandal.
Germany-economy-confidence-ZEW
FRANKFURT: Investor sentiment in Germany has risen to levels last seen before the start of the three-year-old debt crisis, adding to signs that Europe's top economy is over the worst, a poll found.
France-food-business-earnings-Danone
PARIS: French food industry group Danone reported a flat net profit for 2012 of 1.81 billion euros ($2.4 billion) and said it would cut about 900 jobs in management and administration across Europe to reduce costs.
India-Britain-diplomacy-economy
NEW DELHI: British Prime Minister David Cameron promised full cooperation with India and its police as a probe into alleged kickbacks in a helicopter deal clouded his meetings with leaders in New Delhi.
OECD-economy-growth-indicator
PARIS: The economies of advanced countries shrank in the final quarter of last year, giving a twist to broad slowdown in 2012, data from the OECD showed.
France-economy-growth-forecast
ATHENS: France will miss its forecast of 0.8 percent growth in the economy this year, French President Francois Hollande said while on a state visit to Greece.
Spain-economy-trade
MADRID: Spain reduced its trade deficit in 2012 by a third from the previous year as the recession-hit country cut back on imports and boosted its exports, government data showed.
SAfrica-mining-unrest-strike-AngloAmerican
RUSTENBERG: Anglo American Platinum workers downed tools to protest the shooting of colleagues by guards during a stand-off by rival unions, the latest outbreak of unrest at the crisis-hit firm.
afp
http://www.globalpost.com/dispatch/news/afp/130219/afp-world-economic-news-summary
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Jaume Plensa's "Tel Aviv Man" at Art Basel, the world’s premier trade fair for leading galleries and collectors focused on modern and contemporary art.
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The front of the Art Basel building. This year’s show attracted 303 of the world’s top galleries from 36 countries, showing the works of more than 2,500 artists. It drew more than 62,000 visitors, a new record.
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Platform Gallery's Chen Wei and one of his "Recovery Room" series at Liste Young Artist's show. By the time the week was over he had sold more than 10 works, with prices ranging from $1,800 to nearly $3,000.
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A performance spectator admires some of the pieces at Basel Art.
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A performance piece at Basel Scope, done by an unidentified nearly naked man who moved in slow motion up and down the aisles dressed like a Greek version of Mars, the god of war.
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A performance piece at Scope. The man clutched a staff, on which a plastic container for motor oil with the BP logo was impaled.
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An installation piece at Basel Art.
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An installation piece with paper tubes at Basel Art.
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A gallery scene at the Scope Basel show.
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A sculpture of Sperone Westwater Gallery's employee, Michael Short, by Evan Penny.
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Evan Penny's sculpture of Michael Short.
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A woman views Jaume Plensa's "Tel Aviv Man," (Study) 2010, Galerie Lelong, Paris.
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"Medusa marinara," 1997 — a photographic representation of the Medusa in spaghetti and tomato sauce by New York-based Brazilian artist, Vic Muniz.
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Children play around Ai Weiwei's piece, "Field," 2010.
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Heimo Sobernig's "Black Cube" sits on display outside outside.
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A piece by Yayoi Kusama titled "Pumkin."
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