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...weighing up the likelihood of a successful prosecution against the costs to the taxpayer falls to Baroness Scotland, Britain's Attorney General. That process could itself take weeks, with any resulting case unlikely to come before a judge until next year. "Going the route of formal prosecution is certainly not an easy cut-and-dried process for the SFO," Howard Wheeldon, a senior strategist and aerospace expert at BGC Partners in London, wrote in a note to clients Thursday. Moreover, he suspects, "if BAE allows it to come to court they feel they have a pretty good chance of success...

Author: /time Magazine | Title: U.K. Defense Contractor Faces Bribery Rap | 10/1/2009 | See Source »

...balls. (The more familiar roller-grill hot dogs and Slurpees are also available at some of the stores.) In fact, Casey Lum, who researches extensively on Hong Kong food culture and is the director of graduate studies in communication at William Paterson University, says part of the company's success in Hong Kong is due to the fact that it has become a "glocal" chain - a global brand adapted to local tastes and habits. For taxi drivers working the overnight shift, for instance, 7-Eleven is often the only place they can stop for a quick Cantonese snack...

Author: /time Magazine | Title: Can 7-Eleven Win Over Hong Kong Foodies? | 10/1/2009 | See Source »

Indonesia is currently home to more Muslims than any other country in the world—over 200 million—and Yudhoyono touted the nation as emblematic of the potential success of democratic governments in the region...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Indonesian President Visits Kennedy School | 9/30/2009 | See Source »

...HSBC, though, is also responding to the realities of its balance sheet. Its forays West have proved to be, at best, a mixed success, especially its business in the U.S. HSBC dove into the U.S. subprime mortgage and consumer credit market, mainly through its 2003 purchase of consumer finance firm Household International. That decision proved disastrous. For the 18 months ending in June, HSBC's U.S. personal-financial-services business posted pretax losses of $20 billion. In March, HSBC announced its consumer-finance operation wouldn't issue any more loans and would begin winding down its business (except for credit...

Author: /time Magazine | Title: Why HSBC Is Returning to Hong Kong | 9/30/2009 | See Source »

...officials won't judge the Oct. 1 meeting in Geneva as a one-off sign of Iran's intentions. Administration officials have indicated that they will decide by the end of the year whether Iran is cooperating in good faith. European officials suggest that the metric for success in Geneva may be simply the tone of the meeting. The last time the same parties sat around the table, Iran's negotiator, Saeed Jalili, subjected his interlocutors to lengthy philosophical harangues in a kind of diplomatic filibuster. This time they'll be looking for signs that Iran is ready to cooperate...

Author: /time Magazine | Title: Talking with Iran: Chances for a Breakthrough Are Low | 9/30/2009 | See Source »

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