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...south. Direct transport links greatly enhance efficiency and lower costs of doing business across the strait, which could help a Taiwan economy that has struggled in recent years to find new sources of growth. In addition, a warmer China-Taiwan relationship alleviates a thorny diplomatic and security problem for the U.S. Its historic support of Taipei is a point of contention between Beijing and Washington. Now, "the likelihood of war has decreased," says Li Jiaquan, a senior researcher at the Chinese Academy of Social Sciences Institute of Taiwan Studies in Beijing. "This is good not just for Taiwan and China...
Boutros-Ghali will also need to keep a close eye on his country's own economy: the global downturn has hit Egypt's growth. "The big problem is that it will slow job creation, and we can't afford that," Boutros-Ghali says. But, he adds, there's no reason to panic just yet: "We have a comfortable balance of payments and reserves." With a little luck, Egypt may escape the "pointy end" of the IMF's policies this time...
There was just one problem. Though prices rose by as much as 400% during the boom years, few people wanted the finished properties they had purchased - usually off plan, and often well before the first spadeful of earth had been turned. The market was driven by speculators, interested only in trading - or "flipping" - incomplete units, which often sold for more than completed buildings, and might get flipped 10 times before construction finished. "You can't believe how crazy this was," says Robert McKinnon, head of real estate research at Al Mal Capital, a local investment firm. "Everyone knew...
That's less of a problem elsewhere. Indeed, the most innovative new halal products and services often come out of Europe and Southeast Asia, places where your average food supplier or bank may know little, if anything, about halal. In Europe - the biggest growth region according to the Halal Journal - young devout Muslims are hungry for Islamic versions of mainstream pleasures such as fast food. "The second- and third-generation Muslims are fed up with having rice and lentils every day," observes Darhim Hashim, CEO of the Malaysia-based International Halal Integrity Alliance. "They're saying, 'We want pizzas...
...there's plenty in the schemings of rival ethnic gangs - comes from the relationship of a young Arab (Tahar Rahim) and his aged Corsican mentor (Niels Arestrup). When asked at the post-show press conference if he was disappointed at getting second place, Audiard replied, "What's the problem? Isn't this a good prize?" It is, and honorably merited. Both of the big winners will be distributed in the U.S. by Sony Classic Pictures, which is likely to make its the lion's share of its loot from Un proph...