Word: asia
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Dates: during 2000-2009
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...nations, arguing that a new impetus is needed if Europe's voice is to be heard in a world full of big new players, such as Brazil and India, and at a time when President Obama seems far more preoccupied with China and the rest of Asia than with America's traditional allies in Europe. Among other proposals, the think tank recommends that France share its U.N. Security Council seat with Germany, and that the two nations combine their diplomatic missions and staff. It also suggests that the two closely coordinate their budgetary and fiscal policies, merge the Paris...
When Japan Airlines (JAL) switched from glass wine bottles to plastic ones in coach class earlier this year, passengers took it as just another sign of the humbling of the country's once-proud flagship carrier. But far greater humiliations were in store for Asia's largest airline by revenue. Beset by a steady erosion of its customer base, high cost structures and a $15.4 billion debt load, JAL lost about $1 billion last quarter and projects a loss of about $700 million for this fiscal year. With nowhere else to turn, JAL CEO Haruka Nishimatsu this week met with...
...that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open economy.) About half of the buyers for luxury apartments in Hong Kong in recent weeks came from the mainland, according to reports. (Read "Asia's Easy Money: Fueling New Bubbles...
...Asia's economy starts to pick up steam, Macau looks to be on another roll. Gambling revenues surged an estimated 17% in August from a year earlier to $1.4 billion, a record monthly total. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, expects the revival to continue. September's revenues could surge 25% or more, he says, and he sees at least "low teens" growth rates annually from 2010 to 2012. "You can put me on record saying Macau is back," Fischer says. (Watch a video about the rise of Poker in China...
...about a handful of hooligans - there were several thousand people ready to attack the participants and the police with everything from Molotov cocktails to knives, iron bars and steel-ball slingshots," Dacic told the Blic newspaper on Tuesday, Sept. 22. "They also planned to attack Western embassies." (Read "Why Asia's Gays Are Starting to Win Acceptance...