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...question of whether some assets are too important to allow China to buy puts the interests of Congress against the interests of shareholders. PetroChina is paying a 24% premium to buy its new stake in Singapore Petroleum. If a Chinese firm offered a similar premium to buy a US-based energy or refining operation, would Congress block the deal? If the 3Com transaction is any indication, potential shareholder profits would be trumped by a government decision that it does not want China to have control of assets that are part of the fabric of American economic and business interests...

Author: /time Magazine | Title: As PetroChina Buys Into Singapore Pet, Issues About Strategic Interests Rise | 5/25/2009 | See Source »

...With other countries in Southeast Asia, too, the new Administration has shown itself willing to question years of received wisdom. While Laura Bush condemned the Burmese junta, the Obama Administration has held relatively high-level talks with the country's leadership - in March, Stephen Blake, the State Department's director of Southeast Asian affairs, met Foreign Minister Nyan Win in Naypyidaw. Condoleezza Rice would skip ASEAN's Regional Forum, and the Bush Administration refused to sign ASEAN's Treaty of Amity and Cooperation. The treaty is pretty innocuous - it merely pledges signatories to uphold a zone of peace in Southeast...

Author: /time Magazine | Title: A New Direction | 5/25/2009 | See Source »

Going Mainstream Today, though, the big business is in working out how to serve the increasingly sophisticated Muslim consumer. "The question now for companies is: What products and services are you going to provide to help Muslims lead the lifestyle they want to lead?" asks the Halal Journal's Abdullah. It's a code worth cracking. A 2007 report from the global ad agency JWT describes the Muslim market thus: "It's young, it's big, and it's getting bigger." Parts of it are well-educated and wealthy. The buying power of American Muslims alone is estimated...

Author: /time Magazine | Title: Halal: Buying Muslim | 5/25/2009 | See Source »

...unchanged," it's because the North hasn't given Obama even the slimmest reed on which to hang an alteration in policy. Is it possible that today's nuclear test will finally convince diplomats that the North Korea they see is the one they get; that perhaps, on the question of nukes, it simply can't be bribed? North Korean leaders have long cited the year 2012 as being particularly significant for their country. It will mark the 100th anniversary of the birth of Kim Il Sung, the nation's founder and Kim Jong Il's father and predecessor. Jong...

Author: /time Magazine | Title: North Korean Nuke Test: What Good Is Diplomacy? | 5/25/2009 | See Source »

...Cola was quick to tell TIME that they are not allowed to speak about the product. Meanwhile, Bolivia, which has lots of coca leaves to sell, is getting a kick out of the fact Red Bull Cola admits to using coca in any form (since Coca-Cola evades the question). Ironically, the drink is not actually available yet in Bolivia. But, the locals say, this is a great opportunity to show that coca isn't harmful - with or without the cocaine alkaloid. With Reporting by Tristana Moore / Berlin...

Author: /time Magazine | Title: Red Bull's New Cola: A Kick from Cocaine? | 5/25/2009 | See Source »

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