Word: bae
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...civil aviation. Although the firm struggled during its first decade, funding from France, Germany, Spain and Britain helped keep it afloat - and still provides assistance today, though the company is flourishing. Airbus, which is owned by the Franco-German-based conglomerate European Aeronautic Defense & Space Co. and British-based BAE Systems, just finished an impressive second straight year of selling more planes than Boeing. The A380 is Airbus' prized 21st century showpiece. The plane, which has a list price of $285 million - though airlines rarely pay the published rate - has been ordered by major airlines around the world, including...
...this year's target GDP growth of 5%. In this precarious situation, a spike in oil prices might well tip the country into recession. "Needless to say, if oil prices were to approach $50 per barrel and stay there, all bets would be off," wrote Goldman Sachs economist Sun Bae Kim in a recent report...
...Monthly bonus British defense firm BAE Systems will pay expatriate employees in Saudi Arabia if they stay on despite recent al-Qaeda attacks...
...allied with the Uri Party, which won a majority in the National Assembly in last month's general elections. The party's sizeable left wing opposes Roh's decision to send 3,000 troops to Iraq by the end of June. Last week Uri Party floor leader Chun Jung Bae suggested that Korea might want to send money instead of men. "The influence of the antitroop dispatch, anti-Iraq war faction is growing," frets opposition lawmaker Won Hee Ryong, who fears a failure to send troops will erode Korea's security alliance with the U.S: "This is going...
...Suspicious Minds Last week Britain's largest arms maker, BAE, was attacked from all sides. France's Thales dismissed claims that it approached BAE about a merger. Meanwhile, BAE was busily denying accusations that it bribed Czech officials...