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...Increasingly, those suitors are whispering sweet nothings in European accents. So far this year, European bigwigs including German Chancellor Angela Merkel and London Mayor Ken Livingstone have come calling, while French President Nicolas Sarkozy will be chief guest at India's Republic Day celebrations next January. On Nov. 30, E.C. President Jose Manuel Barroso and European Union President and Portuguese Prime Minister Jose Socrates will visit New Delhi for the annual E.U.-India summit, a bilateral confab to discuss investment, scientific cooperation and efforts to combat climate change. The participants are expected to announce a joint solar energy project...

Author: /time Magazine | Title: Why Europe is Coming to India | 11/29/2007 | See Source »

...call a new poll until May 2010. Brown balked at plans for a snap election early this fall against the urging of some of his political confidants. They advised him to seek a fresh mandate as quickly as possible, trading on the reputation for competence he gained as Chancellor of the Exchequer and during his first months as Prime Minister...

Author: /time Magazine | Title: Scandal Knocks Britain's PM | 11/27/2007 | See Source »

...tougher to put a positive gloss on the loss of two CDs containing vital personal information about 25 million Britons, including bank details and other data that could be exploited by identity fraudsters. Brown's successor as Chancellor, Alistair Darling, told incredulous colleagues in the House of Commons on Nov. 20 that the discs intended for the National Audit Office had sent by the standard courier service used for internal government mail by an official at the government department HM Revenue & Customs, flouting guidelines on the security of such data. The discs never reached their destination...

Author: /time Magazine | Title: Scandal Knocks Britain's PM | 11/27/2007 | See Source »

...takeover bid was welcomed by the Northern Rock board and the British government, shareholders small and large indicated they may block Branson's bid, a move that could protract efforts to save this high-profile casualty of the global credit crunch, and cause a full-blown political crisis for Chancellor of the Exchequer-turned-Prime Minister, Gordon Brown, who has already seen his reputation for fiscal prudence damaged by the affair...

Author: /time Magazine | Title: Shareholders Balk at Virgin Bid | 11/26/2007 | See Source »

...embarrass a government still reeling from criticism of its handling of the early stages of the crisis. In September, nervous pensioners withdrew $4.14 billion in less than a week despite the government's extravagant bailout package, and reassurances from the Prime Minister that the bank was solvent. Eventually, only Chancellor of the Exchequer Alistair Darling's statement that the government would guarantee all deposits at the bank stopped...

Author: /time Magazine | Title: Shareholders Balk at Virgin Bid | 11/26/2007 | See Source »

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