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...that of the two, Tencent is in the better position to capitalize, given its dominant position in China's booming instant-messaging business. According to estimates by Analysys International, nearly 70% of China's 400 million Internet users use instant-messaging, and of those, 80% use Tencent's system, known as QQ. That's the major reason that Tencent's market capitalization is bigger than Baidu's, and an insider at the company acknowledges that search "is very much" a target of opportunity...

Author: /time Magazine | Title: Who Will Profit When Google Exits from China? | 3/18/2010 | See Source »

Friday Head over to the oasis known as Garden of Dreams, tel: (977-1) 442 5340, for a stroll and predinner drink. Originally established in the 1920s, this landmark was in decay for decades before an Austrian-funded team finished restoring the Edwardian-influenced pavilions and grounds in 2006. Enjoy your aperitif at the on-site Kaiser Bar, before heading across the street for dinner at the historic 1905, tel: (977-1) 422 5272 - a venerable restaurant that has seen many a state function in its day (Queen Elizabeth II herself has dined there). If you've booked rooms...

Author: /time Magazine | Title: A Weekend in Kathmandu | 3/17/2010 | See Source »

...ouster of Saddam Hussein. The major political blocs appeared to have recognized that no single ethnic group or sect could govern peacefully and effectively without making alliances across traditional fault lines. The big parties put forward diverse coalitions preaching national unity, even if each retained a core identity well known to voters: Maliki's State of Law coalition ran on a law-and-order platform but drew primarily from a moderate Shi'ite base; Allawi's Iraqiya ran on a similar platform but ran strongest among Sunnis. But even if Iraq's politicians pretended to have outgrown identity politics, voters...

Author: /time Magazine | Title: Iraq Election: Close Results Portend More Trouble | 3/17/2010 | See Source »

Amid controversy, the Vatican's instinct is typically to protect the man at the top, particularly when it comes to what is known in both secular and ecclesiastical terms as scandal. That is evident again with a pedophile-priest controversy from the 1980s in Germany that is threatening to draw in the German-born Benedict XVI, even as his countrymen demand that he respond directly. "The Pope was not part of what happened back then, and he shouldn't be part of it now," a Vatican insider tells TIME. "He should offer the greatest silence possible, not because he doesn...

Author: /time Magazine | Title: Vatican Moves into Damage Control on Sex-Abuse Scandal | 3/16/2010 | See Source »

...world's first monotheistic religion - the country's national faith before Islam - one in which fire is revered as a symbol of purity. Apart from the theocracy, most Iranians in and outside the country, irrespective of their religion, celebrate the ancient rites. The Tuesday-night event itself is known as Chaharshanbe Suri (literally "Wednesday Party," because dusk brings the new day in Iran) and was originally intended as a ritual to ward off evil spirits and negative energy collected in the previous year. That purification is done by leaping over a series of small bonfires...

Author: /time Magazine | Title: In Iran, a Street Demonstration That Both Sides Stay Away From | 3/16/2010 | See Source »

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