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...making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan in exchange...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...camp, which is more like a sprawling village with flower-filled parks and tree-lined avenues dotted with old-fashioned white lampposts, is home to 3,418 people, about a 1,000 of whom are dual citizens with non-Iranian travel documents issued by Western governments including the U.S, Canada, Australia, and the European Union. It has become an irritant to Baghdad's increasingly close ties to Tehran. Iraq wants to close it, on the grounds that its residents are "terrorists" and "illegal foreigners." Still, deadlines for doing so have come and gone (the most recent was in late March...

Author: /time Magazine | Title: An Anti-Iranian Enclave in Iraq Fights to Stay | 4/12/2009 | See Source »

...ended when the Coalition Provisional Authority handed over responsibility for governing Iraq to the Iraqi interim government in June 2004 which ended the occupation of Iraq. "Protected person status is never a permanent status as it applies only during circumstances of armed conflict or occupation," a Western official says...

Author: /time Magazine | Title: An Anti-Iranian Enclave in Iraq Fights to Stay | 4/12/2009 | See Source »

Last month, scientists at the Space Applications Centre in Ahmedabad in western India published a pan-India livestock methane-emission inventory, the first ever, which put the figure at 11.75 million metric tons per year - higher than the 9 million metric tons estimated in 1994. This amount is likely to increase as higher incomes and consumption rates put pressure on the country's dairy industry to become even more productive. (See pictures of China's cow town...

Author: /time Magazine | Title: Cows with Gas: India's Global-Warming Problem | 4/11/2009 | See Source »

...typical Indian farmer is unable to buy expensive dietary supplements even for livestock of productive age, and dry milch cattle and older farm animals are invariably turned out to fend for themselves. Poor-quality feed equals poor animal health as well as higher methane production. Also, even when Western firms are willing to share technology or when Western products are available, these options are often unaffordable for the majority in India. For instance, Monensin, an antibiotic whose slow-release formula reduces methane emission by cows, proved too expensive for widespread use in India. So the emphasis for Indian scientists...

Author: /time Magazine | Title: Cows with Gas: India's Global-Warming Problem | 4/11/2009 | See Source »

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