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...Nightmare Does Nestlé know it's Christmas? The Swiss food behemoth (net profit last year: $4.69 billion) decided to pursue a $6 million claim against the government of Ethiopia for a 27-year-old suit, at a time of year when people are supposed to be focusing on the less fortunate. Company spokesman François Perroud found himself facing irate BBC Radio 4 presenter John Humphrys: "You're going to get this money whether people starve or not." Replied Perroud: "I can't quite understand your hostility." Humphrys: "There are starving people in Ethiopia, that's where...

Author: /time Magazine | Title: High Price to Pay for a Botched Buy | 12/22/2002 | See Source »

...subtle bow, has yet to embrace the trappings of executive life. His daughter, Jean, 24, who with her mother joined Ji in 1994, says her father eschews luxury items. A Cartier watch, a gift from Hsu, sits ignored in a drawer while Ji continues wearing the same beat-up Swiss-made Cyma timepiece that he's been changing wristbands on for at least a decade. An employee was recently shocked to find Ji, ever practical, scrubbing the men's room at company headquarters. Such modesty fits nicely with Apex Digital's products, which...

Author: /time Magazine | Title: David Ji and Ancle Hsu: Founders of Apex Digital | 12/2/2002 | See Source »

...words with Spain. "We asked to tow the ship to a safe place on the Spanish coast, where we could repair it in calm waters," says a Smit spokesman. "But the Spanish authorities refused." The Spanish say they feared damage would be greater if the leaking vessel - chartered by Swiss-based Crown Resources AG, part of the Russian-owned Alfa Group - was brought closer to shore. The breakup and sinking of the Prestige - after its 27-man crew was airlifted to safety - has also renewed debate over single-hulled ships. "With a double hull, when a ship is damaged there...

Author: /time Magazine | Title: Death Coast | 11/24/2002 | See Source »

Ever since the advent of the Swiss army knife, mankind has sought to fit more and more tools into smaller and smaller devices. The latest triumph of ingenuity over simplicity is the i-Quip, which puts an extraordinary number of traditional gadgets--and quite a few new ones--into a compact design. The i-Quip is divided into two separate pods: one holds quotidian tools (blades, scissors, screwdrivers, etc.), the other such high-tech necessities as a digital compass, a barometer, a clock, a flashlight and an altimeter. INVENTOR Imperial Schrade Corp. AVAILABILITY Now, $250 TO LEARN MORE www.schradeknives.com...

Author: /time Magazine | Title: Out of Doors | 11/18/2002 | See Source »

...which has been divided since 1974, when Turkish troops prevented union with Greece by invading the north of the island. The document, written by U.N. Secretary-General Kofi Annan with the help of U.S. and British diplomats, includes territorial trade-offs and a power-sharing scheme modeled on the Swiss confederation. Greek and Turkish leaders will rotate in the presidency every 10 months. Greek and Turkish Cypriot leaders greeted the plan coolly but suggested it could serve as a basis for negotiations. A final deal will be put to a vote in two separate referendums in March. A settlement...

Author: /time Magazine | Title: World Watch | 11/17/2002 | See Source »

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