Word: foreign
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Dates: during 2010-2019
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...This isn't the first time that Vietnam has detained staff from a foreign company after losing money. In 2006, the Vietnamese government arrested four employees of ABN AMRO, a Dutch bank, for fraud after the government lost money on a foreign currency contract. To end the dispute, ABN AMRO paid $4.5 million to a Vietnamese state-owned bank, apparently to secure the release of the four Vietnamese employees who faced the death penalty. Many investors hoped this was a small bump on the path to further economic reforms, and it didn't slow Vietnam's entry into the World...
...Still, Vietnam remains a potentially lucrative growth market that had a stronger than expected showing at the end of 2009, and it remains to be seen if the Jetstar Pacific imbroglio will significantly deter new foreign investors. Even though Communist hardliners have clamped down on some freedoms, the government nonetheless promised in November it would soon allow foreigners to own 49% of local businesses, up from 30%. As Vietnam's Communist Party encourages economic growth without wanting to let go of power, it's only setting itself up for more clashes with foreign partners...
...when Turkey's government forcefully criticized Israel's military assault on Gaza, and have since lurched from bad to worse. "One road accident, two accidents, three ... all of a sudden it starts to look as if they're not accidents - the road itself is the problem," says Turkish foreign-affairs commentator Cengiz Candar. "The Turkey-Israel love affair is over...
...This week's drama was provoked by a bizarre p.r. stunt on the part of Israel's right-wing Deputy Foreign Minister Danny Ayalon. Ayalon called in Turkey's ambassador to Israel and staged a demeaning photo op calculated to humiliate the Turkish diplomat as a rebuke for negative portrayals of Israel on a Turkish TV drama. Only Ayalon's last-minute apology prevented the resulting furor from causing a diplomatic breakdown. (See pictures of heartbreak in the Middle East...
...further rows seem inevitable. Turkey's newfound ambition to become a major regional power broker has seen an energetic forging of ties with Arab and Central Asian countries. Asserting a foreign policy increasingly independent of Washington, Turkey has not hesitated to criticize Israel's actions against the Palestinians, defend Iran's nuclear program and expand economic ties at a moment when the U.S. seeks to isolate Tehran, and repair relations with Syria. Israel's leaders warn publicly that they believe Turkey is moving into the region's Islamist orbit, and hard-liners within Prime Minister Benjamin Netanyahu's coalition government...