Pakistan intensifies offensive against militants in northwest

Pakistan intensified its military operation to regain control of the country’s northwest from Taliban militants, with fighting focused on the largest city in the Swat Valley on Sunday. Troops were engaged in street battles with militants in Mingora, the gateway into the valley

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Fortunes Fade for Macau’s Casino Kings

For most of the past five years, the Chinese gambling mecca of Macau seemed a sure bet. After the local government ended a decades-old gaming monopoly in 2002, some of the biggest casino and hotel operators in the world rushed in with new projects, eager to tap into the hoards of wealthy Chinese who increasingly flocked to the “Asian Las Vegas.” The first American company to enter the market was Las Vegas Sands, which opened the Sands Macau casino in 2004 — and earned back its $285 million investment in only a year. U.S

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In Somalia, Another Government Teetering?

Just last month, Western donors gathered in Brussels to pledge money to the new Somali government of Sheik Sharif Ahmed, in the hope that he could restore order and put an end to the offshore piracy that has plagued shipping off his country’s coastline. But renewed fighting in and around Mogadishu has raised fears that Somalia’s 15th government in 18 years is about to fail.

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