Word: multibillion
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...arrival that it would cut off shipments to China. The move seemed designed to embarrass the Kremlin, but it underscored China's vulnerability. Meanwhile, Beijing's planned pipeline is in danger of being thwarted by its regional nemesis, Japan, which has offered to pay for part of the multibillion-dollar project?so long as it terminates in the Russian port of Nakhodka, which is nearer Japan. Moscow seems inclined to take Japan's offer, and "China feels betrayed," says Bernard Cole, an expert at the National War College on China's oil needs...
...just-finished gas pipeline running 4,400 km from China's western deserts to Shanghai after the firms decided their returns would be too small. A planned oil pipeline covering the same distance has also seen no takers. Shell and Unocal also backed out of a multibillion-dollar project this month to tap gas fields under the East China Sea. And no foreign companies have been willing to participate in drilling in the Tarim Basin, considered China's last onshore region with major untapped reserves. The oil is thought to be of low quality, and moving...
Fasten Your Seat Belts Few industrial rivalries are as intense and bitter as the transatlantic, multibillion-dollar dogfight between U.S. airplanemaker Boeing and its France-based nemesis, Airbus. Besides the verbal vitriol the companies consistently exchange - Airbus CEO Noël Forgeard recently accused Boeing of conducting a "campaign of untruths" - governments on both sides of the Atlantic have occasionally pushed the boundaries of diplomacy in trying to promote their respective national champions. Skyrocketing fuel prices and cut-back purchase plans have made the battle fiercer than ever, and last week a full-scale trade donnybrook erupted. Fulfilling a campaign...
PESTER POWER. Tweening. Viral marketing. Juliet Schor, a psychiatrist and economist, exposes the multibillion-dollar advertising schemes aimed at America's kids in Born to Buy: The Commercialized Child and the New Consumer Culture. TIME met with Schor...
Today, as Murthy sits in the chairman's office of Infosys, a Bangalore-based software and services company, his capitalist transformation is complete. Murthy has helped turn outsourcing into a multibillion-dollar business that has rejuvenated U.S. and European companies by slashing their tech spending. But his success has also contributed to fears that American software-engineers' jobs could migrate to India, making outsourcing a hot political topic...