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...That window is quickly closing. Since the ARJ21 project was announced, both Bombardier and Embraer have launched models that will rival it. To date, Embraer alone has already sold 127 of its 50- to 100-seat aircraft to Chinese airlines. Manufacturers in Japan and Russia also plan to field brand-new regional jets within the next three to five years. With the ARJ21's maiden flight set for next year, "China has a head start," says George Haley, head of the Center for International Industry Competitiveness at the University of New Haven in Connecticut. "But it won't last long...

Author: /time Magazine | Title: Eyes on the Skies | 10/11/2007 | See Source »

...week Eivind Reiten is unlikely to forget. On Oct. 1, the oil and gas arm of Hydro, an Oslo-based energy and metals company he was running, completed a $36 billion merger with Statoil, its beefier Norwegian rival, creating the world's largest offshore energy operator. Five days later, Reiten hosted his country's King and Queen in Nyhamna, a third of the way up Norway's west coast, at the official launch of a record-breaking gas production and processing project forged by Hydro to harness gas from 120 km away under the Norwegian...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...first test of StatoilHydro's newfound unity is playing out in Russia. The company is in talks with Gazprom, Russia's state-owned energy company, about securing a role in developing Shtokman, a vast gas field in the Barents Sea. French rival Total earlier this year secured a partnership role through a share in a specially created company that'll own the project's infrastructure; the remaining 24% stake in that company is still up for grabs...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...election this year or even in 2008. The Prime Ditherer said he wanted to "get on with the business of change in this country." But in the days leading up to his surprise announcement, surveys had hinted that voters might indeed want change - from Labour to its closest rival, the Conservative Party. And although most pundits believe Labour would have won a majority, the fear of losing made Brown blink. Now his party is bracing for a backlash. "It's a question of character," says a Labour insider. Party members also shudder remembering how in 1978, Prime Minister James Callaghan...

Author: /time Magazine | Title: London's Big Letdown | 10/11/2007 | See Source »

Within that exclusive group of literary characters who have survived through the centuries - from Hercules to Hamlet to Huckleberry Finn - few can rival the cultural impact or staying power of that brilliant sleuth, Sherlock Holmes. Since his debut 120 years ago, the gaunt gentleman with the curved pipe and a taste for cocaine, the master of deductive reasoning and elaborate disguise, has left his mark everywhere - in crime literature, film and television, cartoons and comic books. Even his home on Baker Street has for decades been one of London's most popular tourist destinations: the Sherlock Holmes Museum...

Author: /time Magazine | Title: Mystery Man | 10/11/2007 | See Source »

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