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...Indeed, direct links appear to be boosting profits. Eric Kuei, general manager of Fruit Taiwan Corp., says the time to transport his pineapples and other produce to Shanghai from Taiwan has been cut from seven days to three, which means more time on Chinese store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...long time, the normal laws of economics did not seem to apply in Dubai, the most populous of the seven states that comprise the United Arab Emirates. Abu Dhabi, the seat of political power in the UAE, controls most of the country's oil resources. With less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...always Joe's kid brother," Dom DiMaggio, 92, said of toiling in the shadow of his more famous sibling. But Dom was no slouch himself. A seven-time All-Star for the Boston Red Sox, the younger DiMaggio stands as one of the best center fielders...

Author: /time Magazine | Title: Milestones | 5/25/2009 | See Source »

...when the Bush Administration at first took a confrontational approach with the DPRK. Bush's hard-line stance, the critics believe, prompted Pyongyang to kick-start nuclear-weapon production. Intelligence analysts in Washington and Seoul believe that North Korea increased its total arsenal from one or two nukes to seven or eight during Bush's time in office...

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

...after a trial that captivated the Arab world for nearly seven months, Egyptian billionaire Hisham Talaat Moustafa was sentenced to death for hiring a hitman to kill Lebanese singer Suzanne Tamim. The pop star, with whom Moustafa had been romantically involved, was found mutilated in her Dubai apartment last July. The dramatic sentencing, which spurred a scuffle between reporters and Moustafa's relatives in a Cairo courtroom, capped one of the most sensational trials in Egypt's history...

Author: /time Magazine | Title: Hisham Talaat Moustafa: Egypt's Condemned Tycoon | 5/22/2009 | See Source »

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