William Underhill

Northern Ireland Flashes Back to the Troubles

Last week clashes across Northern Ireland stirred memories of the bad old days. In Belfast, protesters hurled Molotov cocktails and set a car aflame, injuring more than 80 officers; police returned fire with rubber bullets and a water cannon. TV news images have people asking: are the old Catholic-versus-Protestant conflicts going to derail Northern Ireland's peace process?

Britain Asks BP's Browne to Cut Costs

John Browne knows a thing or two about cost-cutting. As BP's boss for 12 years starting in 1995, he oversaw an ambitious expansion program that transformed the company's fortunes while trimming staff. In the words of his successor, Tony Hayward, Browne's management style "made a virtue of doing more for less."

Britain's BP Problem

Four thousand miles of ocean won't insulate the U.K. from BP's catastrophic mess in the Gulf of Mexico. The woes of Britain's second-largest company are sure to spill into the country's already faltering economy. Last week Business Secretary Vince Cable warned of "major, indirect effects on the British economy" from the spill, with investors among the principal victims.

Still Joining the Euro but Not Excited About It

Skeptics are predicting that the financial crisis could mean the euro's demise, but the currency's champions can still find cause for optimism. This month, after a bitter economic struggle, Estonia should see its application formally approved to become the 17th nation to adopt the euro. Cue sighs of relief in Brussels, where EU Economic and Monetary Affairs Commissioner Olli Rehn declared, "There is no queue out of the euro; there is a queue into the euro."

'Africa United' Looks at Soccer's Impact

Didier Drogba is something of a demigod in the Ivory Coast. Not only is he a star player with English football champions Chelsea, he's also the adored peacemaker who helped convince his country that its five-year-long civil war was truly at an end by insisting that a vital World Cup qualifying match in 2007 be played in the formerly rebel north.

Gordon Brown's Worst Enemy? His Personality.

With the right spin doctor, Gordon Brown could seem an easy politician to admire. This was the smart, serious-minded Scot who took prudence as his watchword in his successful management of the British economy; the man who oversaw the country's longest period of economic growth and averted global catastrophe through his handling of the financial crisis. He was the clergyman's son who thrived on hard work and liked to talk of the "moral compass" offered by his parents' example.

Belabored Britain

For Britain's conservatives, it came as a pre election gift: workers at British Airways are staging a series of strikes that threat-en to cripple the airline.

Europe's Superpower Hopes Dim

When the EU's Lisbon Treaty finally took effect last year, the bloc's leaders hailed the start of a new era.  For the first time, the 27-nation union--representing 450 million people and a third of the world economy--could look forward to matching international clout.

Europe's Cooperative Banks Fare Better in Crisis

Before the global financial crisis, Europe's cooperative banks were seen as the refuge of the tradition-minded customer. Only one in five ­Europeans used their services; most consumers flocked to their mainstream commercial rivals whose mid-decade profits and stocks were soaring.But co-ops have fared much better than their commercial counterparts during the downturn, in part because many shunned the dodgy vehicles that brought disaster down upon ­investor-owned banks.

The Revival of London's East End

To generations of Londoners, the badlands began at the City's eastern frontier, just beneath the gleaming towers of the financial district. To stray beyond was to enter the darker world of the East End, the heartland of rough, tough Cockney culture.

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