The 25-year-old great-granddaughter of Richard Wagner will make her directing debut at the Bayreuth Festival, the prestigious festival dedicated exclusively to the composer's works, in 2007. In the latest move in what has been a long and bitter battle of control, Katharina Wagner was assigned by Wolfgang Wagner, Richard's 84-year-old grandson, to direct the future production of Die Meistersinger von Nürenberg. Wolfgang has been in charge of the annual festival since 1951, and wants Katharina to be his successor, according to Agence France Presse reports. But his daughter from his first marriage, Eva Wagner-Pasquier, as well as his late brother's daughter, Nike Wagner, are also pretenders to the Bayreuth throne. Katharina has been an assistant at Bayreuth since 1996. Her first professional production was in Würzburg in 2002.
In a bid to revive India's economy, PM Narendra Modi has unveiled a set of reforms. While they are steps in the right direction, less red tape and a further opening of key sectors are needed, says economist Shilan Shah.
Rising labor costs in China and easier access to skilled labor in the US are causing many American manufacturers to reshore production stateside, a new global management survey has found.
The unemployment rate in Spain dropped more than a percentage point in the third quarter amid a recovering economy. The government is expecting the positive trend to continue.