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...ACAC's venture is also dependent on government funding. Such subsidies could ultimately backfire by creating World Trade Organization disputes with private manufacturers such as Bombardier, says Paul O'Neill, an airline-industry analyst for Deloitte. But for now, "the government's probably willing to put in whatever it takes to succeed," he says. Meanwhile, ACAC is counting on another home-court advantage: a guaranteed customer base in China's state-owned airlines. The Civil Aviation Administration of China (CAAC), the country's industry regulator, announced Aug. 31 that it will block the creation of any new Chinese airlines until...
...helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production has slid to 2.6 million bbl a day this year from 3.5 million six years ago, says John Olaisen, Oslo-based energy analyst at Carnegie, a Nordic investment bank. For Helge Lund, 44, formerly CEO of Statoil and now chief of the combined company, the message couldn't be clearer: "If we're going to grow the company," he says at StatoilHydro's office in Oslo, "we have to grow outside Norway...
...this grim economic news represents Sarkozy's return to hard reality, where essentials won't turn around and pick up with a rousing performance or deft spin of events," says Dominique Reynié, a political analyst at the Foundation of Political Sciences in Paris. "His initial successes involved passing tougher immigration law, opening up cabinet posts to leftist politicians, raising France's profile in international affairs - all things that produce big headlines, but whose real impact are hard to measure. And with economic worries now overtaking that earlier buzz, I think it's fair to say Sarkozy has failed...
...summit for Roh. The longtime foes were able to ink a deal promising to work toward a permanent peace agreement and boost economic ties between Seoul and Pyongyang. But the joint statement didn't really break any new ground. "We shouldn't be too impressed," says Kim Tae Woo, analyst at the Korea Institute of Defense Analysis. "The agreement does not create any dramatic changes to inter-Korean relations...
...also appeared - to put it charitably - a little distant in Roh's company, a stark contrast to the first summit seven years ago when Kim Jong Il welcomed former president Kim Dae Jung wholeheartedly. "Roh definitely got a less emotional reception," says Paik Hak Soon, a North Korea analyst at the Sejong Institute...