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...globe's most prestigious business organization linked with the planet's best journalists to report on the heated competition among nations for investment. Alex Perry and Zoe Eisenstein file from Africa on the disparate development of Mauritius and Angola. In Denmark, Justin Fox analyzes the country's success amid high tax rates. Asia hand Kathleen Kingsbury examines China's push to land R&D labs. Latin America expert Tim Padgett assesses the surprising economic strength of Argentina, Brazil and Chile. And business writer Barbara Kiviat explains the significance of the WEF's country rankings. We are also launching on TIME.com...
...accounts for about 25% of Nestle's sales. He has gobbled up companies including Dreyer's ice cream, Chef America and, biggest of all, the pet-food company Ralston Purina. Some analysts have questioned whether Brabeck is paying too much for his conquests and taking on too much debt amid a global slump that is lingering longer than expected. But at the same time, Brabeck has moved to boost profitability by closing dozens of creaky factories, ditching low-margin operations such as cocoa-and tomato-processing plants and improving productivity. Under his leadership, the company has cut manufacturing costs...
...Amid a global slump for full-service airlines, with U.S. and European carriers going bankrupt and slashing staff, flights and passenger amenities, Singapore Air is flying resolutely and profitably against the wind. It is bringing its fine wines--and its lobster thermidor, its flat-opening sleeper seats and its famous Singapore Girls--to an airport near you. SIA's recent expansion to 45 U.S. flights a week is great news for the cadre of U.S. business travelers who can pay extra to fly what many consider the world's best airline. But it's a blow to the likes...
Basel is in some ways the Houston of Switzerland: one industry overshadows all the others, and the zoning is haphazard. In Basel it isn't unusual to see a modern glass-and-steel monstrosity amid a row of elegant 19th century neoclassical buildings. The Rhine plies a serpentine course through the city, and Novartis' headquarters are at the river's edge, at a point where France, Germany and Switzerland meet. Across the Rhine from Novartis and a little to the east, marked by a tall white smokestack, is rival Roche. The pharmaceutical execs in Basel know one another, and they...
...Suddenly, a convoy of sport utility vehicles whirred up a cloud of orange dust as it pulled into the camp - the rebel group had arrived to meet its victims. The crowd erupted: high-pitched singing, dancing and loudly banging drums accompanied the rebels' parade through the winding, dirty camp. Amid squawking chickens and small, amazed children, ex-LRA fighters waved to the crowd and received applause in response. "Have you forgiven the LRA?" LRA spokesman and sympathizer Martin Ojul asked the cheering audience. Said Juliet Among, a teacher and camp resident, "The war has taken too long. We are ready...