Word: staking
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...most important thing is that Russia and China have the need and capacity to enhance cooperation and the two economies are complementary to each other," Putin told China's state-run Xinhua news service. For each side, there are clear benefits: Russia's energy companies secure a stake in China, which is set to become the world's biggest energy consumer within five years, according to the International Energy Agency in Paris. And for China, Russia provides a safer, more direct source for gas and oil than either the Persian Gulf or the Horn of Africa. Energy-rich Russia...
...analysts believe there will be a tipping point. With its vast stake in the region, China inevitably will have to pronounce clearer positions on a whole sticky set of conflicts - from the massacres in Sudan that Beijing has so far studiously ignored to the Israel-Palestine conflict to tensions between Iran and its neighbors. Missteps could fan popular anger and play into the hands of groups like al-Qaeda, ever eager to channel the discontent of the street. And with what many perceive as the steady decline of U.S. power and influence, China will only cast a longer shadow...
...addition, both companies have attracted overseas capital. Last spring, Daimler AG bought a 10% stake in Tesla to get access to technology, and Fisker's investors include a fund operated by the government of Qatar...
...There's a major commercial prize at stake. Hong Kong would like to become a wine center for Asia. With half the world's population, Asia accounts for only 7% of total wine consumption, so the market has plenty of room to grow. With zero tariffs and world-class logistics, Hong Kong hopes to become the main entrepot for Asia's wine trade and headquarters for the region's wine experts and merchants...
...though, has much at stake in any proceedings, as well. The agency drew plenty of fire for its part in the bungled "Al-Yamamah" probe. (Britain's High Court ruled in 2008 that the SFO had acted unlawfully in scrapping the inquiry, a decision later overturned by the House of Lords.) And the prosecution of BAE for overseas corruption would be only the second such case against a British firm. Building contractor Mabey & Johnson was last month fined $10.5 million for similar offenses dating back to the early 1990s. (Read: "The Gulf: An Exquisite Balancing...