Word: easts
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...been with Standard Chartered. Though headquartered in London, most of StanChart's operations are centered in the emerging markets of Asia, the Middle East and Africa - and as a result, it has not only weathered the crisis but continued to prosper. Last year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession...
...defensive army, the Bundeswehr has become increasingly engaged in international missions and is coming under pressure to step up its involvement in out-and-out warfare. After what Schneiderhan said last week, however, many are wondering whether it's up to the task. (See pictures of the former East Germany making light of its dark past...
...antipathy, though, scapegoating the U.K. may have as much to do with Iran's reluctance to lay into the U.S. President Barack Obama's overtures to the wider Middle East - Washington announced on June 24 plans to return an ambassador to Syria for the first time in four years - and the specific offer of talks with Tehran "has wrong-footed the regime," says Adam Hug, policy director at London's Foreign Policy Centre. In that context, "Britain's closeness to the U.S. enables it to be used as a proxy - 'Little Satan' to America's 'Great Satan...
North Korea is great at scaring its neighbors. The isolated dictatorship carries a real nuclear threat, and tested its latest device this May in an underground bunker. Tensions in East Asia heightened this week after Pyongyang threatened "a fire shower of nuclear retaliation" if the U.S. or its allies in the region attempted any provocative action when trying to curb North Korea's missile program. Even those with historically warmer ties to the pariah state, such as Russia and China, have bristled at Pyongyang's latest moves. Still, North Korea may not be without friends...
...ready to start talks with any country in our region. We agree with President Obama's approach to a regional settlement of historical disputes. I'm ready to take a jet to Damascus to meet President Bashir al-Assad." (Read "When Bibi Met Barack: Tough Talk on Middle East Peace...