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...strong Asia-Europe partnership will yield positive dividends to both. A rising Asia welcomes European technology and culture and provides huge new markets for sophisticated European products. If Europe could think and act strategically, it would be busy knocking on Asian doors. Instead, it was the Asians who thought ahead. In the mid-1990s, Singapore proposed an Asia-Europe meeting (ASEM). Initially the E.U. reacted enthusiastically but then came the great Asian financial crisis of 1997. This provided Europe an opportunity to prove it was not a fair-weather friend. Instead, Europe turned its back on Asia. Even though...
...trip to China. But the U.S. President's decision to skip the Spain summit, and his failure to attend the 20th anniversary of the fall of the Berlin Wall, has had Europe acting like a jilted lover. French press reported that Sarkozy was forced to console an upset Merkel ahead of the Wall ceremony by painting Obama as a distant being whose presence would not be missed. "If you make a really big effort, he'll send you a letter," Sarkozy said, according to newsweekly Le Point. "And if you get on your knees, he'll add 'Yours Truly...
...company also announced that it had been subpoenaed by both the Securities and Exchange Commission and a federal grand jury in New York because of the sudden-acceleration issues. Toyoda vowed to "work vigorously and unceasingly to restore the trust of our customers." But he has a long ride ahead...
Midway through the frame, another string of four missed shots, along with two turnovers, allowed the Quakers to rush ahead, as a left-wing three by Rosen gave his team a seven-point lead with 4:53 to go. All but two of Rosen’s 15 points came in the second half...
...reason the German Finance Minister recently thundered, "There's no future for bank secrecy. It's finished. Its time has run out." The Swiss are not going to be so easily convinced. The Swiss government has already warned that it will not cooperate with German authorities if they go ahead with plans to purchase purloined data about Germans with Swiss bank accounts. (See a brief history of Swiss banks...