Word: euros
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...that include an MP3 player and a high-quality camera. A clever TV spot for the Qube, featuring popular Taiwan pop band Mayday, shows typically round objects becoming square, like a basketball being dunked through a net. Lee also followed his bigger competitors into sports marketing by sponsoring the Euro 2004 soccer tournament...
Released two days later, the letter stated that Brittan had told British Aerospace's chief executive officer, Sir Raymond Lygo, that his company's involvement in the Euro-consortium "was not in the national interest" and that he "should withdraw." The account seemed to belie Thatcher's claim of neutrality. The government simultaneously released its own description of the Jan. 8 meeting. According to notes taken by Brittan's secretary, the Minister had said only that "it was not in the national interest that the present uncertainty involving Westland should drag...
...lira. But after a meeting of the European central bank's council earlier this month that left policy unchanged, Trichet said the current rates were "appropriate" and "fully in line with what would be best to ... foster growth and job creation." The talk about Europe's dumping the euro, he added, was as ridiculous as contemplating the likelihood that Alaska, California or Florida might ditch the dollar...
...grows at the same rate, for example. "It's no surprise that [monetary union] is not optimal for all countries. That was always going to be the case," says Ian Stewart, chief European economist at Merrill Lynch in London. Still, he adds, the probability of the euro's collapsing "is greater than zero. This monetary union doesn't yet have the characteristics of all other durable monetary unions: that they developed into a political union." Switching to a political union with a fully federal government would make it all but impossible for a European country to drop the single currency...
...Western investors about the country's business climate. The Russian economy is powering ahead, propelled by the high price of oil, Russia's key export. Growth exceeded 7% in each of the past two years and is expected to be about 5.5% this year, more than triple the euro-zone average. Many Russians are still poor and live in wretched conditions, but on the 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...