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...whole, household income is up and, especially in big cities like Moscow and St. Petersburg, people are ready to splurge. The spending boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. In just the past month, alongside the Dixons deal, the huge Belgian beer company InBev has been finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola agreed to buy Multon, Russia's second largest juice company, for an estimated $600 million. Excluding the energy sector, mergers and acquisitions of Russian firms soared to more...

Author: /time Magazine | Title: Hurry, While Supplies Last! | 4/24/2005 | See Source »

...opening day, Godfried Cardinal Danneels, a progressive Belgian, will deliver a summary of written reports from national bishops' conferences. Each delegate will then be allotted eight minutes to speak on subjects of his choice. After the speeches, the bishops will form small groups and try to work out recommended courses of action. The Pope will be free to accept, reject or even ignore any or all of the bishops' recommendations...

Author: /time Magazine | Title: Religion: Back to the Catholic Future | 4/18/2005 | See Source »

...bailing out, but the rest crashed to their deaths. In the tail, Joe Frank Jones Jr., a 19-year-old gunner, tried to get out the escape hatch, found it jammed. He tried the window, but it was too small. He was trapped inside the plunging fragment. When Belgian peasants found him lying in a field, still alive, they took him to a hospital. There he lay unconscious for eight days while doctors treated him for his remarkably minor injuries: a lacerated tongue, a ruptured blood vessel in his stomach and a bruised thigh. When he came...

Author: /time Magazine | Title: V-E Day: There Was Such a Feeling of Joy | 4/12/2005 | See Source »

...billion to build a new economic foundation. From the East came the threat represented by Joseph Stalin, the Soviet despot whose Red Army divided the Continent in half, and who spurred movement toward greater unity in the West through his cold war policies. Says Andre de Staercke, a former Belgian diplomat: "We should build a statue to Stalin in every public square in Europe, because he showed us the danger [of disunity...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

Sometime during his ten-day visit, Reagan will surely have kind words to say about the West European allies' resolve in deploying the new Euromissiles. West German Chancellor Helmut Kohl, Belgian Prime Minister Wilfried Martens, Italian Prime Minister Bettino Craxi and British Prime Minister Margaret Thatcher have all accepted the NATO weapons on their soil, despite heavy pressure from the peace movement. Allied solidarity has been further strengthened by the near unanimous Western rejection of Gorbachev's recent offer to "freeze" the missile balance in Europe at current levels, which greatly favor the Soviet Union...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

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