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China Petroleum (PTR) is buying 45.5% of Singapore Petroleum for just over $1 billion and will probably move to purchase the balance of the company. China recently proposed a deal to lend $10 billion to Brazilian oil giant Petrobras to help it develop deep sea crude deposits. In exchange, the world's most populous nation has negotiated getting a steady flow of oil from Brazil at market prices...

Author: /time Magazine | Title: As PetroChina Buys Into Singapore Pet, Issues About Strategic Interests Rise | 5/25/2009 | See Source »

...Chinese mineral firm Chinalco has bought into metals giant Rio Tinto (RTP) which raised concerns with the U.S. and Australian governments about whether they want a foreign nation to have such a large stake in a company which supplies commodities to major corporations all over the world. (See pictures of China's rebuilding efforts...

Author: /time Magazine | Title: As PetroChina Buys Into Singapore Pet, Issues About Strategic Interests Rise | 5/25/2009 | See Source »

...Kong and an American drug-dealer in Tokyo. Sam Raimi brought a horror movie about a gypsy curse, and Quentin Tarantino enlisted in a fantasy World War II. Gay lovers disported in China, and Ang Lee found psychedelic bliss in Woodstock, 1969. Hard-core sex and violence splattered the giant Lumiere screen...

Author: /time Magazine | Title: Haneke's The White Ribbon Wins Cannes Palme d'Or | 5/24/2009 | See Source »

...came by with a bag of peanuts ($5) for me to down while I considered the menu. To start, I went with a box of chicken fingers with spicy buffalo sauce ($10), a lobster roll ($15), a hot dog ($5) and two large unsweetened iced teas ($7). And another giant bag of peanut M&Ms ($5). The waiter looked at me suspiciously...

Author: /time Magazine | Title: How to Beat the Yankees with Your Stomach | 5/22/2009 | See Source »

...developed its own program, but some companies are hiring outsiders. Packaging and specialty-chemical giant MeadWestvaco, for instance, chose Virgin HealthMiles, a Richard Branson brainchild, to design a wellness regimen centered on pedometers, which count employees' steps. The pedometers are linked to a computer system that converts the steps into "healthmiles" - points that can be exchanged for up to $500 a year in cash or gift cards from merchants like Target and Bed Bath & Beyond. "You look out the window here at lunchtime and see people with pedometers on, walking all over the place," says Greg Williams, the company...

Author: /time Magazine | Title: More Companies Are Paying Workers to Stay Healthy | 5/21/2009 | See Source »

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