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...codes of many E.U. member states treat domestic entities differently from foreign ones, and they could also be on the hook for huge back claims. Indeed, at the oral hearing of the case in Luxembourg on Feb. 1, representatives of seven E.U. governments - Finland, France, Germany, Greece, Ireland, the Netherlands and Sweden - turned up to argue against Marks & Spencer. Only the European Commission backed the firm. Germany could be one of the biggest losers. Isabelle Kronawitter, an economist at HVB Bank in Munich, calculates that if the court upholds the decision and makes it retroactive, it could cost the German...

Author: /time Magazine | Title: Taking The Taxman To Court | 4/10/2005 | See Source »

...seismologists, the quake was a strong indication that the Sumatran fault has entered an intensely unstable period. On March 17, little more than a week before the earthquake struck, Professor John McCloskey of the University of Ulster in Northern Ireland published a paper in the scientific weekly Nature, arguing that the Dec. 26 quake had not relieved the stress on the tectonic plates in the area. In fact, McCloskey's team of seismologists found, the pressure had shifted farther south along the fault lines. The paper concluded that the chance of another major earthquake in the area, perhaps one capable...

Author: /time Magazine | Title: Deadly Ground | 4/4/2005 | See Source »

...viable European business. This week Dublin-based North American Sports Network (NASN) is set to reveal agreements with cable operators in Switzerland, the Netherlands and Iceland to bring the channel's mix of baseball, basketball, ice hockey and American football to viewers. With NASN already available in Britain, Ireland and Germany, the expansion will provide nearly 20 million homes with access to its sports fare - which this week includes three opening-day Major League Baseball games. The channel's strategy is to gain a foothold as part of a basic digital service. Baseball is played in leagues from France...

Author: /time Magazine | Title: Bizwatch | 4/3/2005 | See Source »

...mosque, or launch a website, or commemorate the Holocaust at Auschwitz or find in a broken world so many saints of the church--more saints, in fact, than all his predecessors combined. Master of a dozen languages, he was the first modern Pope to visit Egypt, Spain, Canada, Cuba, Ireland or Brazil, the equivalent of circling the globe 31 times. To half the world's people, he was the only Pope they have ever known, or mourned. Thus the prayers came not just from the Catholic faithful but also from Muslims in France and Jews at Jerusalem's Western Wall...

Author: /time Magazine | Title: A Pilgrim's Progress | 4/3/2005 | See Source »

...DIED. JOHN DELOREAN, 80, flashy, maverick General Motors executive who went on, as head of his own Northern Ireland-based company, to develop the DeLorean sports car, now a collector's item; in Summit, New Jersey. After making just 8,900 cars, he was arrested for allegedly selling $24 million worth of cocaine to finance the failing company-which quickly collapsed. (He was later acquitted on an entrapment defense.) His stainless steel two-seater with doors that open upwards like a gull's wings did not sell, but won lasting fame as the time-travelling vehicle in the 1985 film...

Author: /time Magazine | Title: Milestones | 3/28/2005 | See Source »

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