As in Ireland, prices in Spain fell faster in the year to October than in the rest of the euro area, a sign of improving competitiveness (see right-hand chart).

ECONOMIST: Economics focus

Microsoft wasn't the only one with something to show off yesterday, the rest of the HD DVD camp was on hand to show off what they've done in the months since launch and what we can expect for the rest of the year.

ENGADGET: HD DVD supporters talk Q4 '06 and beyond HD

While the rest of the city darts around in sharp suits, with a takeaway coffee in one hand and an iPhone in the other, old men sit on wooden stools at the entrance to their hundred-year-old hutong bungalows, drinking beer, playing chess and chewing the fat.

BBC: Old Beijing at its timeless best

And at the same time, it has a free hand to roll out new products and services on its own terms in the rest of the world outside China.

FORBES: Apple's Layered Strategy Translates Into China Advantage