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...flood of new business has continued unabated. Among the most recent deals: cosmetics giant L'Oréal signed an agreement in June to build a new factory in the Kaluga region; and French bank Société Générale took a controlling stake in Rosbank, which has more than 650 branches across Russia...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...Taliban ambush on Aug. 18 killed 10 French soldiers and wounded 21. It was one of the deadliest attacks on non-American troops in Afghanistan since 2001, prompting French President Nicolas Sarkozy to travel to Kabul in an effort to reassure his country's forces. On Aug. 19, a group of suicide bombers tried to storm a U.S. military base near the Pakistan border. Several blew themselves up, but the base's security was not breached...

Author: /time Magazine | Title: The World | 8/21/2008 | See Source »

...center of extremist pilgrimage when it was ruled by the Taliban, has retaken that position, according to European intelligence sources. "The degree to which Islamist extremists around the world have dropped their previous obsession with Iraq and now focus on the Afghan-Pakistan area has been astounding," says one French counter-terrorism official. "No one recruiting for or seeking to join jihadist fighting in Europe are trying to get to Iraq: it's all Afghanistan now," he reports "No one raising money for jihad is directing funds to Iraq, either. The Afghan-Pakistan region has regained the power of attraction...

Author: /time Magazine | Title: Afghanistan's Renewed Jihadi Allure | 8/21/2008 | See Source »

...make it to Afghanistan via Pakistan have been minimal - less than a dozen, at most - the country's reinvigorated jihadist allure is unmistakable. "It was the original jihad against occupying infidels, and it was long al Qaeda's terror sanctuary - bin Laden still lurks there somewhere!" notes a French intelligence official, explaining the thinking of European radicals. "Afghanistan isn't just about killing Americans, but fighting the assembled forces of the world they accuse of attacking Islam...

Author: /time Magazine | Title: Afghanistan's Renewed Jihadi Allure | 8/21/2008 | See Source »

That was painfully clear to the French this week as they gave heroes' burials to 10 paratroopers killed during an ambush of Taliban fighters. France has 2,600 troops as part of the so-called International Security Assistance Force, a U.S-led contingent of 52,000 NATO soldiers, that continues to police Afghanistan in the war on terror. "Beyond the immediate human reaction to this loss of life, this attack is most instructive in telling us about the rapidly rising strength and capacity of the people we're up against," says Francois Heisbourg, special adviser to the Foundation for Strategic Studies...

Author: /time Magazine | Title: Afghanistan's Renewed Jihadi Allure | 8/21/2008 | See Source »

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