Word: suez
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...Shin Corp., owner of Thailand's leading telecommunications company, to Temasek Holdings of Singapore has been one of the catalysts for the Bangkok demonstrations against Thai Prime Minister Thaksin Shinawatra, whose family controlled Shin Corp. In France, an effort by the Italian gas company Enel to acquire Groupe Suez appears to have been thwarted by a hastily arranged, government-sponsored marriage between Suez and Gaz de France. The very idea that a state-owned company from Dubai might take over P&O, a British company that controlled six ports in the U.S., gave most members of Congress an attack...
...made a bold, €29.1 billion bid for Spain's electricity company Endesa that, if successful, would make it the largest power and gas company in the world. Late last month, just days after Italy's mighty utility Enel hinted at a takeover of French power and water group Suez - a deal that would have likely been worth about €35 billion - the French government hastily pulled together a tie-up between Suez and state-controlled Gaz de France worth more than €30 billion. And there's the problem. While everyone pays lip service to the idea...
...businesses], it's the same rules." To foreign shoppers like E.ON, that leaves Britain "wide open," Van Brevoort says. Scottish Power - which already rebuffed a $19 billion bid from E.ON late last year - and British Gas owner Centrica could both come under the hammer. And after its plan for Suez "blew up in its face," as one Italian energy analyst sees it, Enel, too, may bid for assets in Britain. Is there a perfect number of players that would make the European energy market competitive? "There will be a small number of energy companies that play a Europe-wide role...
...world's biggest shipbreaking yards on the beaches of Alang in western India. The ship, which is riddled with potentially toxic asbestos and has already been rejected by Greece and Turkey, made no headway for several days as French authorities battled Egyptian efforts to hinder its passage through the Suez Canal. It finally started sailing again late last week, but it is by no means certain that the Indians will ever accept the Clemenceau. "It is a crime to allow asbestos [into India], and those doing so should be prosecuted," says Ramapati Kumar of Greenpeace India. "We will oppose...
...stealing tens of millions of dollars in goods every year. Asia remains the most notorious region for piracy, but the waters off the coast of Somalia are fast catching up. Scores of vessels like the Spirit pass along the East African coast every day en route from the Suez Canal and Red Sea to ports in Kenya, Tanzania and countries farther south. The attempted hijacking of the Spirit has convinced maritime authorities, who believe some of Somalia's pirates may be operating from a mysterious "mother ship" that has been spotted drifting off the Somali coast, that Somali pirates...