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...Congress and legislatures in the U.K., Europe, and Japan are faced with whether or not to let key companies in important industries pass into Chines hands. Last year, the Congress effectively blocked a deal for Chinese electronics firm Huawei Technologies to buy 3Com. The reasoning was the U.S. did not want critical telecom equipment intellectual property to be easily accessible to China. (See pictures of the global financial crisis...
...Still, many restrictions on cross-strait business remain. Taiwan banks, for example, can't operate on the mainland because the necessary agreements aren't in place to allow regulators from the two sides to cooperate, cutting off a key source of growth. Victor Kung, president of Fubon Financial Holding Co., says Taiwan's isolation from a burgeoning China has stunted the development of the entire economy. As costs at home have risen and the island's manufacturing has moved offshore, Taiwan has needed to foster new industries, especially in the service sector, to generate growth and jobs, but a lack...
...Kolkata. The somber portraits of dead white men - a bearded Marx, a bespectacled Lenin, and Stalin, his moustache bristling - peer down at passers-by from banners strung up over palm trees or street-corner billboards, accompanied by the less-hallowed visages of local comrades. India's Communists have been key players in the hurly burly of the world's largest democracy, dominating the ballot box in states like West Bengal, where Kolkata is the capital, and where a Communist government has ruled for over thirty years. But this month's national elections, won decisively by the ruling Congress-led government...
...timetable for talks is obviously less important than the result, however, so the key question facing Obama is this: Can Washington and Tehran agree to a compromise on Iran's nuclear program, and would such a formula be acceptable to the Israelis...
Will he sign it or will he spike it? That's the question lingering in Europe's capitals as Czech President Vaclav Klaus holds the key to the European Union's future...