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The International Herald Tribune
IHT.com News Alert


Paris, Tuesday, February 26, 2008

The New York Philharmonic arrives in Pyongyang
Nearly six decades after American troops were pushed back down to the 38th parallel in the Korean War, the New York Philharmonic alighted Monday in Pyongyang, North Korea.
- In Shanghai, New York Philharmonic musicians become coaches

Ch??vez's medical diplomacy wins plaudits
One of President Hugo Ch??vez's boldest and most successful initiatives provides free eye surgery to Latin America's poor - and has evolved into a symbol of the Venezuelan president's political reach across the region.

EU warns governments not to overreact to sovereign wealth funds
The EU's single market commissioner said that members should block investments only in security-related sectors. Going further, to restrict the flow of capital for other reasons, would lead to legal action.
- Qatar fund favoring European banks over ones in U.S.

Lee Myung Bak takes over as South Korean president
Lee Myung Bak pledged to revive the economy, improve relations with the United States and draw North Korea out of its isolation after he was sworn in Monday.

Turkey says it's not targeting Kurdish civilians in Iraq
People in northern Iraq's semiautonomous Kurdish region say they have lived in fear since the incursion began last week.

Obama's success makes him a target
The incoming attacks continued apace Monday. Hillary Clinton portrayed Barack Obama as a novice who would need a "foreign policy manual."
- Governors hope to provide right balance to presidential ticket
- Filibuster fight among grudges conservatives bear against McCain
- Conservative distrust of McCain lingers over '05 deal on judges
- Nader to run, citing events of 2004 race
- When to hit back a daily question for Obama camp
- At governors' meeting, a vice presidential buzz

Russia assures Serbia of its support on Kosovo
Dmitri Medvedev, the Russian first deputy prime minister, committed the Kremlin on Monday to long-term support in backing Serbia against an independent Kosovo.

Siemens plans 40% cut in jobs in business telecommunications
Executives were to disclose the plan to eliminate up to 7,000 jobs when they meet with workers' representatives Tuesday in Munich, a person with direct knowledge of the situation said.

Politicians suddenly focusing on Spain's declining economy
As the clock ticks down to a general election on March 9, the credit crunch and the end of Spain's real estate boom have pushed pocketbook issues to the top of the agenda.

Russia quietly prepares to switch some oil trading from dollars to rubles
The effort began modestly with some domestic contracts, while bigger change, if it comes, is still some time off.

Annan's patience appears to wear thin as talks drag on in Kenya
Annan, the former United Nations secretary general who is trying to broker a political peace treaty in Kenya, expressed rare public frustration Monday, criticizing Kenyan leaders for failing to compromise.

Merkel rules out early elections for Germany
Although a string of state elections increased tensions in her governing coalition, Merkel said that "we will continue the work of the grand coalition."

Texas oilman takes on Gazprom over giant contract claim
In a court case closely watched by investors, Moncrief Oil International is challenging Gazprom in a Berlin court over what the Texas company claims is a broken contract worth $12 billion.
- Progress seen in Nigeria's efforts to collect all oil royalties due

Visa plans $19 billion IPO, the largest in U.S. history
The IPO calls for Visa to sell an initial 406 million Class A shares at $37 to $42 each, for proceeds of $15 billion to $17.1 billion, according to a filing.

Communist wins in Cyprus, pledging reunification effort
Communist Party leader Demestris Christofias was elected president, and agreed with the Turkish Cypriot president to meet at the earliest possible date.

Suicide bomb kills Pakistani general
The surgeon general of the Pakistan Army was killed in the attack on his staff car, along with seven other people.

Can NATO take a tough line when Putin shows up at its summit?
As much as talks between the West and Russia on an expert level remain a necessity, it's a perverse reality in 2008 that NATO is giving Putin a bully pulpit in April for what's certain to be his first strategic valedictory to the world.
- In Putin's Russia, there's only room for one party

Young Irish citizens feel pain of deportation
George-Jordan Dimbo, born in Ireland 11 years ago to illegal immigrant parents from Nigeria, may soon be living in Africa, if the Irish government has its way.

Dior: Colorful '60s optimism
"'So full of optimism," said John Galliano, referring not just to the electric colors and bright prints in his Christian Dior show Monday, but to the era that inspired them.
- Balmain and Rick Owens: Night and day, rock 'n' roll


BUSINESS
EU warns governments not to overreact to sovereign wealth funds
Visa plans $19 billion IPO, the largest in U.S. history
S&P affirms ratings on 2 bond insurers
Shares rally on optimism about bond insurers
Texas oilman takes on Gazprom over giant contract claim
Russia quietly prepares to switch some oil trading from dollars to rubles
Siemens plans 40% cut in jobs in business telecommunications
U.S. home resales and prices decline
5 ex-U.S. executives convicted in plan to manipulate insurer's financial statements
Electronic Arts awaits investor reaction to its bid for Take-Two
Tax-evasion case spreads to U.K. from Germany


TECHNOLOGY
Siemens plans 40% cut in jobs in business telecommunications
Virgin Media to appeal British ruling on BSkyB's ITV stake
A Web-only news operation gets its due
Electronic Arts awaits investor reaction to its bid for Take-Two
E-waiter, where's my food?
Getty Images sold to private equity firm for $2.4 billion
FCC to act on delaying of broadband traffic
France tries to build a public media giant
In the world of Britney Spears, moves to protect millions
With Air, Adobe blurs the line between PC and Web
What Microsoft could learn from Oracle
Swiss insurer humors skiers to reduce accidents
A wall of publicists surrounds Hollywood
Virtual payments catching on in Japan
Marketing campaigns take advantage of leap year day
Hollywood studios trying to breathe new life into DVD sales
Researchers develop simple method to steal encrypted computer data


EDITORIAL & OPINION
Designing tight standards for ethanol production
Money and the people's choices
The Burmese junta and the world's conscience
Trapped in the past
America's ghost story
Cohen: The French, the Americans, and affairs of the heart
Rich: The audacity of hopelessness
Kristof: Obama's Kenyan roots
The Democrats need them
A $12 billion history lesson
America's misguided blacklist
In China, a beacon of heroism


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