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...which he has aligned Russian interests with those of another natural rival to the U.S., China. Putin and China's President Hu Jintao meet frequently - five times in the last year alone. They've reached agreement on how to draw their countries' long-contested border and conducted large-scale joint military exercises. Two-way trade, which reached $29.1 billion last year, was up more than 50% in the first quarter of 2006 compared to 2005. Hu and Putin have a lot in common besides their approach to the U.S.: hostility toward "separatism" (in Chechnya, Tibet and Xinjiang) and wariness...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...worries about losing out if Russia and Germany work closely together. Germany, meanwhile, which is Russia's biggest West European customer, seems to be pushing toward greater reliance on Russian sources. Former Chancellor Gerhard Schröder has taken a job as head of the supervisory board of a joint venture between Gazprom and two German firms that is building an underwater gas pipeline linking Russia and Germany. Roland Götz, head of the Russia department at the German Institute for International and Security Affairs in Berlin, says German dependence on Russian energy supplies will increase, in part because...

Author: /time Magazine | Title: Crude Power | 7/2/2006 | See Source »

...largely responsible for the car company turnaround. Besides launching two successful new models, the Panda and Grande Punto, and streamlining management, Marchionne personally negotiated the deal that forced General Motors to pay out $2 billion to Fiat to free itself from a put option in the companies' 2000 joint-operating accord that could have forced the U.S. automaker to buy the Turin company outright. In the coming years, however, Elkann is expected to become the singular face of Fiat. "Because of his background, John's international mentality is not a question of schooling, it's a natural part...

Author: /time Magazine | Title: All In The Family | 6/25/2006 | See Source »

...Mystery of Pain Why does the same joint problem make one person suffer terribly while another has no pain at all? There are a few clues that might solve this puzzle

Author: /time Magazine | Title: Patching the Safety Net | 6/22/2006 | See Source »

...that could lead to a power-sharing agreement between Abbas and the Hamas-backed Prime Minister Ismail Haniyah. Atef Ibrahim Adawn, a long-time Hamas member who is now Minister for Refugee Affairs, told TIME that within the next few days, both sides may announce an accord on a joint peace proposal that could eventually lead to a new "national unity government" made up of technocrats in which Hamas, as the ruling majority in parliament, would keep several key cabinet posts...

Author: /time Magazine | Title: Hamas and Abbas: Groping for a Truce | 6/20/2006 | See Source »

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