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...afford. The Indian government spent almost $9 billion last year on fuel subsidies, adding to the country's budget deficit. State-run gasoline retailers have been losing billions of dollars as well because they are forced to sell to consumers at prices set by New Delhi. When the three largest state-owned oil companies warned recently that they would soon run out of money to import oil, the government finally raised price caps...
...years, says Bea Taylor, proprietor of quirky boutique Flux, www.get2flux.co.uk. Green shoppers will like her selection of Fair Trade jewelry, goods fashioned from recycled materials and handmade British crafts. Over at Georgian Antiques, www.georgianantiques.net, visitors can browse a 50,000-sq.-ft. (460 sq m) space - one of the largest antiques stores in Scotland - and pick up everything from a 19th century mahogany chiffonier to an early 20th century hall lantern with beveled glass. More modern but equally pricey artifacts are on display at Leith Gallery, www.the-leith-gallery.co.uk, where director Jan Morrison showcases the work of both young and established Scottish...
Selling televisions and computers is a fickle business, but the giant leading the pack keeps on growing. Best Buy, the world's largest consumer electronics retailer just snapped up half of Carphone Warehouse, the largest mobile phone retailer in the U. K. The marriage helps Best Buy gain a foothold in Europe and expand its business into cell phone sales, while giving Carphone Warehouse a leg up in electronics. Best Buy CEO and vice chairman Brad Anderson talks with TIME's Kristina Dell about global expansion, best-selling products and how he made the jump from sales clerk...
Last month Best Buy paid $2.1 billion for half of Carphone Warehouse, the largest cell phone retailer in Europe. What's the strategy behind this...
...look in the consumer electronic space we are the largest, Wal-mart is second and I believe Circuit City is third. So we are watching with great interest Blockbuster's action. We've got a point of view of what we are trying to do for the consumer and we've got to try to do that better whether Circuit is sold or not. So there is not a lot we can do about that, but it is a big force in our industry...