Economics & Business Archive

BRUSSELS — Buying a packet of cigarettes in Belgium these days can be a harrowing experience. European cartons already carry large health warnings, such as “Smoking Kills” and “Smoking When Pregnant Harms Your Baby,” often framed in black and occupying up to half the surface of the pack. But from May, smokers in this rain-swept country of 10 million people will also been confronted with graphic pictorial warnings on their cigarette packs. The pictures are not for the faint-hearted. One shows a man with a swollen-red tumour protruding from his neck. “Smoking can lead to a slow and painful death,” […]

TEHRAN, Iran — What was the Soviet ambassador’s car doing, parked inside the Embassy of Saudi Arabia in Washington, during the height of the Cold War? Relations between staunch U.S. ally Riyadh and committed adversary Moscow were at an all-time low, as Soviet arms and funding were being delivered to a number of Arab nationalist, anti-royalist regimes, such as Nasserite Egypt, Marxist Southern Yemen and Baathist Syria. “What is the ambassador doing in our embassy?” Abdurrahman Ar-Rashed, the current editor of Saudi-owned pan-Arab daily Asharq Al Awsat, recalls asking of then-Saudi Ambassador to London, Sheikh Nassir Al-Manqoor. “We do not […]

HARBEL, Liberia — White latex oozed from the vein of the rubber tree, dripping into a small plastic bucket. Saa Morris, an illiterate 48 year old and father of nine, used his knife-edged pole to slice into the vein. Then the “tapper” moved on to another tree on one of the world’s largest rubber plantations, owned by American tire maker Firestone. By his own account, Morris taps no less than 750 trees in a day and sometimes as many as 903. That earns him his daily wage of $3.30. “We doing hard work in the bush here, but no good […]

BANGKOK, Thailand — China’s warming relationship with the Southeast Asian military regime the West loves to hate is emerging as a vital element in solving one of Beijing’s biggest problems — energy security. The jungles of Burma now seem certain to provide a shortcut for oil from the Middle East and Africa to the Chinese border. With China scouring the world for oil and gas supplies to replace its own rapidly decreasing reserves, strategists have pondered the potential security problem posed for Beijing by the Malacca Strait, wedged between Indonesia and Malaysia and through which between 70 and 80 percent […]

The U.S. military is working on an array of non-lethal weaponry for use in both Iraq and Afghanistan in hopes of curtailing civilian casualties, according to military officials. Some non-lethal devices for crowd control and thwarting suspected suicide bombers are already in use in Iraq, albeit in a limited capacity, though most have yet to make a debut on the battlefield or at checkpoints. That could soon change. Last month, the Pentagon unveiled what appears to be the flagship of its non-lethal deterrent arsenal, a system that uses focused “millimeter waves” of energy to create an intolerable heat sensation on […]

PRISTINA, Kosovo — Standing in front of an aerial photograph of Kosovo’s biggest ski resort, Kirk Adams gets visibly excited. “You’ll get half a meter of powder here” — he points to a ridge on the mountain — “and you have it all to yourself. You’re skiing fresh tracks all day.” The resort, which Adams frequents, is a former Yugoslav ski area in a remote town called Brezovica. The whole complex is slipping into disrepair. Only one of nine lifts is functional. The two hotels are shabby, functional at best. “As a resort it’s a nightmare,” Adams concedes. “But it […]

Five years before the Islamic Revolution, Iran produced 6.1 million barrels of oil a day. By the end of 2006 the Iranian oil industry was only pumping 3.9 million barrels a day, 5 percent below its OPEC quota. Barely able to produce any oil for export or cope with escalating domestic demand, Iran’s energy industry has been sliding steadily toward crisis. Yet Iran’s oil reserves are second only to Saudi Arabia’s, and its gas supply is eclipsed only by Russia’s. Having vast energy reserves and the technology to extract and refine them, however, are two different things. A mega-deal struck […]

When Joe Mason’s 10-year-old daughter saw electricity for the first time in her life, she danced. The years of war, 1989 to 2003, ruined the public power supply in this capital. Liberians with means relied on generators; those without money, however, lived in the dark. Given her father earns $90 a month as a hotel clerk, Mason’s daughter could not have known what electricity was until President Ellen Johnson Sirleaf turned it on in July 2006, illuminating the lamps on Monrovia’s major streets. “A new day,” Mason said. But more than six months later, the electricity that powers those lights […]

Just two days after U.S. President George W. Bush delivered his State of the Union address, it was the turn of Japanese Prime Minister Shinzo Abe to lay out his government’s agenda. Abe’s policy speech to the Diet last Friday touched on similar themes — the need for stability in the Middle East, the character of the country’s children — and all against the back drop of troubling poll numbers. The key difference is that while Bush was making his speech after heavy losses in midterm elections, Abe is trying to avoid a similar routing in his country’s upper house […]

On Jan. 21, 2007, German Chancellor Angela Merkel conferred with Russian President Vladimir Putin in the Black Sea resort city of Sochi. Merkel has met with Putin six times since replacing Gerhard Schroeder as head of the German government in November 2005. This latest meeting highlighted the transformation of the German-Russian relationship, particularly in the area of energy. The Sochi encounter was the first meeting between Merkel and Putin since Germany assumed the presidency of both the European Union and the Group of Eight leading industrialized nations. With the expected departure from power of both Britain’s Tony Blair and France’s […]