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McDonald's likely to raise prices in 2011

McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs.

GM sold more cars in China than in U.S. last year

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.

Sarkozy wants tax to discourage speculation in currency/commodity markets

Sarkozy addresses reporters at the G20 and G8 summit

In a speech to about 300 reporters in Paris today, Sakozy said the G20’s aim is to reduce volatility in the commodities and currencies markets by broadening the role of the International Monetary Fund (IMF) and to smooth out the current imbalance of power in global economic governance.

Despite Nobel, Norway favors China role in Arctic

Norway reiterated support on Monday for China to have an observer role in Arctic affairs despite a slump in relations since the award of the 2010 Nobel Peace Prize to a Chinese dissident.

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Luxottica sees solid 2011 after record year

Luxottica , the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels.

U.S. power unbeatable for decades: China policy planner

The United States will retain unchallengeable global dominance for at least two decades, a top Chinese official has said in an essay urging his government to find a balance between assertion and restraint.

Breakthrough after U.S. warns China on North Korea

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.

Gold edges up as price drop attracts buyers

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.

Norway is world’s most prosperous (happiest) country; Zimbabwe is the poorest (unhappiest)

The ten most “prosperous” nations on earth, according to Legatum’s system, are dominated by Europe. The top ten in order are Norway, Denmark, Finland, Australia, New Zealand, Sweden. Canada, Switzerland, Netherlands and the United States.

Weather boosts Kenya tea output to record in 2010

Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.

Motorola Sued by Huawei for Patent Infringement

Telecom services provider Huawei Technologies Co. Ltd. filed a lawsuit on Monday against Motorola and Nokia Siemens Networks for intellectual property infringement.

Consumers downbeat on job, inflation worries: Nielsen

Consumers in most countries globally look set to keep a tight grip on spending in coming months as they worry about job security and rising inflation, a survey by the Nielsen Company showed on Sunday.

Top 10 most popular U.S. destinations for 2011

Do check these out before heading for your next holiday this year.

China’s overseas oil dependence ratio shot up last year

Crude oil imports by China surged in 2010, taking the nation’s overseas oil dependence ratio to more than 55 percent, a media report said on Monday.

Macau's Stanley Ho loosens hold on casino empire

Hong Kong billionaire Stanley Ho, chairman of Macau's biggest casino operator SJM Holdings <0880.HK>, has offloaded more of his shares to relatives, the latest move to cement succession plans for his vast empire.

App Store touches 10 billion downloads while iPhone 5 and iPad 2 rumors thrive

App Store touches 10 billion downloads even as Apple iPhone 5 changes base while iPad 2 mass production is set to start.

Is China’s stealth fighter jet replica of American technology?

In 1999, a US high-tech stealth fighter jet was drowned by a vintage SA-3 missile shot by a Siberian air-force commander named Col. Zoltan Dani.

China’s GDP to slow to 9.8 pct in 2011; inflation at 3.7 pct

China’s economy is estimated to grow at 9.8 percent in 2011, with inflation likely to reach 3.7 percent.

Academic plagiarism on the rise in China; PhD on sale

A recent PhD graduate has launched an online business to sell academic papers, charging between 10 to 20 thousand yuan for each paper.

Coda hires former GM executive as CEO

Coda Automotive Inc., an electric car company based in Santa Monica, California, has named industry veteran and former executive of GM China, Phil Murtaugh, as its new CEO.

GM falls just shy of Toyota in 2010 sales ranking

Toyota Motor Corp <7203.T> kept its spot at the top of the global sales ranking in 2010, outselling General Motors Co by less than 30,000 units as the U.S. rival achieved faster growth in the world's two biggest markets.

Rio Tinto wins full Riversdale support for $3.9 billion bid

Rio Tinto's $3.9 billion bid for Africa-focused coal miner Riversdale gained steam on Monday after a representative of Riversdale's top shareholder Tata Steel backed the offer.

Asia stocks concede early gains as sentiment wary

Asian stocks outside Japan struggled to hold on to early gains on Monday, as investors remained wary before a slew of corporate earnings and a Fed meeting this week expected to give a cautious readout on the health of the world's biggest economy.

Chinese diver Guo retires, says report

China's Guo Jingjing, the most successful female athlete in Olympic diving, has decided to retire, local media reported on Sunday.

ICBC to pay $140 million for 80 percent of U.S. retail bank

Industrial and Commercial Bank of China, the world's top lender by market value, will pay about $140 million for 80 percent of Bank of East Asia's U.S. unit, the two companies said on Sunday.

China's Li dares to dream again in Melbourne

China's Li Na continued her love affair with Melbourne Park, powering past eighth seed Victoria Azarenka 6-3 6-3 to book a spot in the quarter-finals of the Australian Open on Sunday.

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