Word: switzerland
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...SWITZERLAND Payback Time...
...Europe and the U.S.--including the case of a previously healthy 45-year-old American woman who took kava and suddenly needed a liver transplant. Last week the Food and Drug Administration finally issued a kava alert. Sales of the herb had already been halted in France and Switzerland and suspended in Britain. German authorities are in the process of reclassifying it as a prescription drug...
...last fall, evidence against kava was starting to pile up. Health authorities in Switzerland and Germany had gathered records of close to 30 incidents--"adverse-event reports," in the clinical jargon--in which kava users suffered severe liver damage. A few patients required transplants, and at least one died. The response in Europe has been swift and decisive. In the U.S., however, the FDA's hands are tied until researchers can establish a definite causal link between kava and liver disease. That could take years...
Ukraine should be one of the powerhouses of Europe: bigger than France and Switzerland combined, rich soil, a well-educated population of 50 million, once part of the industrial heartland of the Soviet Union. Instead, it is an embarrassment, marginalized as smaller neighbors like Poland and Hungary prepare to join the European Union - and most other European leaders try not to think about it. Pretty much the only time Ukraine makes the front pages, in fact, is when another scandal blows up. Like the one involving former Prime Minister Pavlo Lazarenko, now in detention in the U.S. but pleading...
...property manager, who in turn leased them back to the new, independent Woolworths. The third option is the carve-out. That's when a parent company floats a portion of a division in an initial public offering (IPO), retaining the lion's share for itself. That's what Switzerland's Nestlé has planned for Alcon, its U.S. eye-care unit. Nestlé expects to float nearly 25% of it in a $2.3 billion ipo this week. And Deutsche Telekom wants to offer part of its wireless operation, T-Mobile, in an ipo later this year, possibly raising $8.76 billion...