Word: italianizer
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...exchange but is controlled by Sawiris' Rome-based parent company, Weather Investments, became a major presence throughout the Middle East. Sawiris also moved into Pakistan and Bangladesh before he revealed the full extent of his global ambition last year with a risky, leveraged $15 billion takeover of Wind, an Italian cell-phone network--Europe's largest private-equity buyout and the biggest investment ever made on the Continent by an emerging-market dealmaker. "Globalization," he says, cocking an eyebrow to emphasize the point, "is not a one-way street...
...busy with undertakings from hotels in Miami to a convention center in Hyderabad, India. His eye-catching projects include the $26.6 billion construction of an entire new metropolis in the Saudi Arabian desert to be called King Abdullah Economic City and a global hotel and condo partnership with Italian designer Giorgio Armani...
...RELEGATED. Juventus, Lazio and Fiorentina, three top Italian football clubs, to the second division for their part in a national match-fixing scandal; in Rome. Turin's Juventus was also stripped of its last two championship titles, and had 30 points deducted for the forthcoming season. Rival AC Milan, also implicated in the scandal, will remain in the first division, but faces a 15-point handicap and expulsion from Europe's lucrative Champions League competition. All four clubs are expected to appeal...
...foundations for a truly democratic, composite culture have been laid. The fact that the Prime Minister, who gave wings to the golden songbird, wears a turban is proof of this. This country is 82% Hindu, but it's led by a Sikh Prime Minister, a Muslim President and an Italian Catholic woman who's leader of the governing coalition. (To put that in perspective: 21/4 centuries after independence, the U.S. has yet to elect anyone who's not Christian, white and male?even as Vice President...
...death of that formidable figure and of Gianni's younger brother Umberto Agnelli, both from cancer within 16 months, created the vacuum that forced Elkann--the eldest child of Gianni Agnelli's daughter Margherita and French-Italian writer Alain Elkann--to step to the fore ahead of schedule. He did so amid a two-year corporate crisis that began in 2002 when weak management damaged brand image and forced a $3.8 billion bank bailout to stave off potential bankruptcy. "If the situation had been different, I might have had more time to ease into the job. But I was forced...