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...slump faced by U.S. and European automakers has encouraged Chinese companies - buoyed by China's ranking as the world's largest car market in the first quarter of 2009 - to hunt for buyout candidates overseas. "It's definitely a good time to buy Hummer," says Liu Chang of Sinomind Management Consulting in Beijing. "GM wouldn't sell it if it was in better shape." But China's previous results from acquisitions of foreign automakers have been poor. In 2004, Shanghai Automotive Industry Corp. paid $500 million for a 49% stake in South Korea's Ssangyong Motors, which declared bankruptcy...

Author: /time Magazine | Title: Will China Build a Fuel-Efficient Hummer? | 6/4/2009 | See Source »

Indeed, Shamanov, who led the 58th Army in Chechnya's western sector during the Second Chechen War, was investigated by Russian prosecutors after the European court's ruling - but they concluded that there was no evidence of a crime. Then in December 2008, the Kremlin notified the Council of Europe that it was reviewing the decision. However, it's unlikely that the investigation will yield any new results. (See pictures of Russians in Ossetia...

Author: /time Magazine | Title: Russia Promotes Officer Accused of War Crimes | 6/4/2009 | See Source »

...days later, the European Court for Human Rights (ECHR) held a hearing on the attack and found Russian forces and their commanders responsible for the "indiscriminate bombing" of civilians. "Using this kind of weapon in a populated area ... without prior evacuation of civilians was impossible to reconcile with the degree of caution expected from a law-enforcement body in a democratic society," the court's findings read. (See pictures of Victory Day in Russia...

Author: /time Magazine | Title: Russia Promotes Officer Accused of War Crimes | 6/4/2009 | See Source »

...these elections are largely an outlet for European voters to express their frustration with the status quo. The eccentrics and extremists may offer implausible E.U. policies, but most European governments prefer voters to vent their anger at the European elections rather than at the national polls. The danger is that this mood will shape the Parliament just when a new generation of politicians is needed to pull Europe out of its apathetic slump...

Author: /time Magazine | Title: The European Parliament: Where the Fringes Flourish | 6/3/2009 | See Source »

...expire until June 2010. But rumors are swirling that Labour backbenchers are collecting signatures on a petition asking for Brown to step aside. Some opinion polls are suggesting that Labour might even slide into third or fourth place in some parts of the country in Thursday's municipal and European elections. So nobody is taking bets on the Brown government lasting into next year. (See pictures of Brown as he prepared for power...

Author: /time Magazine | Title: As More Ministers Resign in Britain, Can Brown Survive? | 6/3/2009 | See Source »

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