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...British media are speculating that Jackson, who has been staying at the $11,000-a-night Royal Suite at the Lanesborough Hotel, is staging this comeback - for which tickets go on sale on March 13 - to help pay off the debts he has incurred since a court cleared him of sexual-abuse charges in June 2005. (He hasn't performed a full concert since then.) In November 2008 the singer reached an undisclosed settlement with Sheik Abdulla bin Hamad Al Khalifa, the prince of Bahrain, who was suing Jackson for $7 million over claims he reneged on a contract...

Author: /time Magazine | Title: Michael Jackson's 'Final Curtain Call' | 3/5/2009 | See Source »

...stimulus program, announced last November to much fanfare, is earmarked for infrastructure spending on railroads, highways and power grids. Another 25% will go to reconstruct entire towns in Sichuan province that were devastated by last year's earthquake. These are "shovel-ready" infrastructure projects, and financial markets rallied on March 4 partly due to expectations - unfounded, as it turned out - that Chinese Premier Wen Jiabao would unveil a second round of stimulus measures on March 5 during the opening of China's annual National Party Congress in Beijing. (See pictures from the Beijing Olympics...

Author: /time Magazine | Title: Should China and the U.S. Swap Stimulus Packages? | 3/5/2009 | See Source »

...just minerals Beijing is now frantic to buy. On March 3, China National Petroleum Corp. agreed to buy Calgary based Verenex Energy, which has a 50% stake in a huge Libyan oilfield, for $390 million. The China Development Bank and China Petroleum & Oil Corp. last month invested $10 billion in Petrobras, Brazil's state-owned oil company and the prime operator in one of the most promising new offshore fields in the world. The deal gives Petrobras capital to further develop the fields. In return, China will get 100,000 to 160,000 barrels of oil a day over...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

...March 2 news briefing in Sydney, Chinalco President Xiong Weiping tried to allay fears. "The transaction will in no way lead to any control of the natural resources of Australia," he said, adding that Rio's corporate strategies and management practices would also remain unchanged. For now at least, blatant anti-Chinese sentiment in Australia appears to be bottled up, and the investment is expected to go through...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

...March 4, the ICC issued a warrant for Sudanese President Omar Hassan al-Bashir on charges of war crimes and crimes against humanity - the first time in the court's history it has charged a sitting head of state. There is almost no hope the warrant will be served. "As soon as al-Bashir flies outside Sudan, he could be arrested," ICC chief prosecutor, Luis Moreno Ocampo, told Al Jazeera on March 3. Which is to say, never...

Author: /time Magazine | Title: The Moment: Sudan | 3/5/2009 | See Source »

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