Sipping samples of Louis Jadot’s superb 2010 Burgundies downstairs at New York’s Bar Boulud, I breathe a sigh of relief. It looks like I can still afford to buy a few of the region’s seductive bottles at reasonable prices.
As demand for mobile phones in developing countries explodes, telecom operators are investing hundreds of millions of dollars in infrastructure at a rapid pace. The number of base stations, which anchor towers and house equipment, will reach nearly 2.2 million in 2012, about double since 2007, according to GSMA, a mobile operators trade group in London. Each station requires a backup power source to keep network service going in case of a power outage.
BP Plc rose for a fourth day, the longest winning streak since the Gulf of Mexico spill started, as it came closer to stopping the leak and after Chief Executive Officer Tony Hayward met with Abu Dhabi’s crown prince.
On the night of June 7, a group including Vittorio Colao , head of telecom company Vodafone Plc, Martin Sorrell , chief of advertising firm WPP Plc, and John Sawers , director-general of the intelligence agency MI6, gathered on the sixth floor of BP Plc’s London headquarters to show support for Tony Hayward , the company’s beleaguered chief executive officer.