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...European plants outside Germany, such as those in Antwerp and several Vauxhall facilities in the U.K., could become easier targets for closure. British unions are urging Prime Minister Gordon Brown to prepare an aid package for Vauxhall to give the U.K. a voice at the table, but so far London has proffered no numbers...

Author: /time Magazine | Title: Rescuing GM in Europe: A Political Hot Potato | 5/28/2009 | See Source »

...caffeine addicts negotiating the recession, this ought to give you a jolt: production problems are driving up the cost of coffee and tea on international markets. Rotten weather in Colombia helped push an index of coffee prices compiled by London's International Coffee Organization (ICO) to its highest level since September on Wednesday, just as futures prices for Arabica beans - which make up the bulk of the world's supply - topped $1.35 per lb. in New York, the highest since October. Recent droughts from Sri Lanka to Kenya, meanwhile, have constrained tea production, forcing up crop prices at auction...

Author: /time Magazine | Title: Coffee Price Too Steep? Blame the Weather | 5/28/2009 | See Source »

...proxy for demand - by its members fell 11% in the first quarter of this year. Grinding across the U.S., Canada and Mexico fell by slightly more in the same period. That's prompted some manufacturers to "provide some promotion on their products," says Laurent Pipitone, senior statistician at the London-based International Cocoa Organization, "because they face a difficult situation...

Author: /time Magazine | Title: Coffee Price Too Steep? Blame the Weather | 5/28/2009 | See Source »

TONY BLAIR The former Prime Minister remortgaged his constituency home for more than $450,000 and claimed almost a third of the interest as an expense at about the time he was buying another property in London...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

...London Taxpayers to Parliament: We Are Not Amused Dozens of British lawmakers are facing scrutiny over leaked expense-report claims ranging from home mortgages to moat (yes, moat) maintenance. While most claims are within legal limits, their dizzying scale has sparked an outcry. Among the offenders...

Author: /time Magazine | Title: The World | 5/25/2009 | See Source »

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