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...early as this week. The anticipated sale has ruffled feathers on both sides of the Channel. A similar bid by Deutsche Börse was rebuffed in 2000, in part out of national fear of handing the British institution over to foreign control. This time it's reversed: German officials have expressed concern about the headquarters of the exchange moving to London, hurting Frankfurt's status as a financial center - a concern shared by Deutsche Börse's union, which fears job losses. But a spokesman for the Finance Ministry said the government supports the merger without restrictions...
...German steelmaker ThyssenKrupp AG, which has units in India and Thailand, says it will spend up to €2.5 million rebuilding hard-hit villages in Madras, India, and near Khao Lak beach in Phuket, Thailand. The company will also build an orphanage in each country and secure financing for the psychological care of youngsters there. "We want to show that we feel connected to these countries in which we have been active for decades," says ThyssenKrupp CEO Ekkehard Schulz. British American Tobacco's Sri Lankan division, Ceylon Tobacco Company, has pledged to rebuild a destroyed village, too. British American Tobacco...
...wholly supportive of the Administration's foreign policy. "The book is quite critical, but this did not seem to cause a problem," he says. "His questions were not the kind that indicated defensiveness." Bush quizzed his guest about Otto von Bismarck. The author had written that the 19th century German Chancellor shared the President's belief in the benefits of showing military might but also had a diplomat's touch for handling the messy aftermath. Bush seemed to be looking for a softer approach to foreign policy after waging two wars. "There was a recognition that not everything has gone...
Joseph Cardinal Ratzinger, the chief architect of Pope John Paul II's traditionalist moral policy, has long been a bugaboo for liberal Catholics. But they had stopped worrying that the German might one day ascend to St. Peter's throne. His hard-line views and blunt approach had earned him the epithet of panzerkardinal and too many enemies. Well, their worrying may now resume. Sources in Rome tell TIME that Ratzinger has re-emerged as the top papal candidate within the Vatican hierarchy, joining other front runners such as Dionigi Tettamanzi of Milan and Claudio Hummes of S??o Paolo...
...ravaged land, one place stands out. In Kahawa, on the south coast, the cars of a train lie separated and sprawled on the ground, relief workers and Buddhist monks in saffron robes crawling over them. This is where at least 1,000 people died. Karl Max Hantke, a German with a holiday home overlooking the train station, says that shortly after the first wave hit, he saw a packed train come to a halt, perhaps because its engineer thought stopping was safer than moving on. When the first wave retreated into the ocean, he says, local people...