Word: rivals
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That's a reversal from the recent uptick. Traditionally a safe bet amid economic mayhem, the dollar climbed about 25% against the euro in the eight months to March this year; the unattractiveness of rival currencies only made it more appealing. But, says Derrick, "that drive seems to be shifting substantially." Sure, a hint of bleak economic data can still goose the greenback - the prospect of poor U.S. payroll figures for June, set for release Thursday, has helped boost the currency in recent days - but optimism in other assets is on the rise. Global equity markets, in particular those...
Instead of working to improve living conditions in Gaza, Hamas has used its governing power to launch innumerable terrorist attacks on Israeli civilians and to start a civil war in the West Bank and Gaza to try to vanquish its arch-rival, Fatah. Gaza’s ruling party has been responsible for horrifying atrocities in Israel, including exploding buses and attacks on shopping malls and peaceful religious gatherings. Hamas has been steadfast in its refusal to consider recognizing Israel’s right to exist and has no plans to pursue peace talks with Israel for the good...
...from the intimately friendly manners I had encountered before boarding at Logan. As we swooped over streets that represent personal landmarks and brim with familiar memories, the pilot apologized profusely for the offending view of Arsenal stadium. Naturally, given Arsenal football team’s recent defeat by Chelsea rival, I presumed these were the words of a gloating Chelsea fan. Despite supporting an altogether different team—Tottenham—I nonetheless empathized with the pilot due to Tottenham and Arsenal’s natural animosity, and so willingly joined in scorning our mutual enemy...
Iraq is preparing to open its doors to foreign oil companies in a big way. Petroleum experts believe the war-torn country is underexplored and could potentially rival Saudi Arabia in oil reserves. And so the biggest names in the industry will put in bids for 20-year contracts on six of Iraq's largest oil fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners...
...similar arrangement in 2007 with two different and more powerful militant leaders proved disastrous. When Maulvi Nazir of the rival Ahmedzai Wazir tribe in South Waziristan took on Mehsud and Uzbek groups aligned to al-Qaeda, the Pakistan army backed him. After his men killed 250 Uzbek fighters, the army entered a nonaggression pact with Nazir and his associate Hafiz Gul Bahadur. But Nazir continued to attack U.S. forces across the border, and was targeted in air strikes. Enraged, Nazir and Bahadur shed their differences and formed a new alliance with Mehsud earlier this year. Now, all three groups could...