Word: exported
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...jeopardized that country's program. "Unquestionably, the commercial-satellite market is depressed right now," says Chris Mecray, an analyst at Deutsche Bank. From 1996 to 1998, satellite sales grew 49.4%, but they have shrunk 2.4% in the past four years. Worse, hurt by the telecom bust and tough export rules, U.S. market share has plummeted from 64% in 1998 to 36% in 2002. How long will the industry be lost in space? Says Mecray: "It's fair to say that there's no rebound in sight...
...Germany's Wintershall and Italy's Eni - maintained a dormant presence in Libya after U.N. sanctions were imposed in 1992 for Tripoli's suspected role in the 1988 Lockerbie bombing. They quickly revved up after sanctions were suspended in 1999, when Libya surrendered two suspects. That allowed Libya to export around 1.2 million barrels of oil per day - around 90% of it destined...
...given this camp credibility of late. Still, defenders of the Saudis acknowledge they have a long way to go in addressing not just the symptoms but also the causes of Islamic extremism, among which are the hostility toward non-Muslims instilled in Saudi schools and mosques and the export of that ideology worldwide. An inside look at the issues...
BLACK GOLD Oil was discovered in Saudi Arabia in the mid-1930s. Today, petroleum accounts for 75% of the kingdom's revenue, 45% of its GDP and 90% of its export earnings...
...clothes. China has long pegged its currency, the yuan, to the dollar, and not long ago U.S. policymakers had nothing but praise for the way China managed its foreign exchange. In the Asian financial crisis of 1997-98, China did not devalue the yuan?and hence make its exports cheaper?when other Asian nations did. Had Beijing followed the herd and taken export markets from its Asian competitors, the economic recovery in Asia would have been delayed. But as the value of the greenback has slipped on international markets, Chinese exports have become even cheaper. Hence the clamor from some...