Telecom equipment maker Nortel Networks said on Friday that it will sell its advanced wireless technology business to Nokia Siemens Networks for US$650 million and that it was making progress in talks to sell its other businesses.
Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.
According to the latest statistics from World Health Organization (WHO), the total number of confirmed influenza A/H1N1 cases had jumped to 2718 in 18 Asian countries by Friday.
Russia plans to release 30 percent more greenhouse gases by 2020 under an emissions target scheme announced on Friday by President Dmitry Medvedev.
China Unicom, one of China's top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple's iPhones in China for two years, a Merrill Lynch analyst said.
Earlier this month China's car sales had surged on the back of generous government incentives and indeed has now passed the U.S. as the largest car market in the world.
Now if you are going to do stimulus, China shows us how to do it! As car sales jumped 47% year over year in May, the profits at auto makers fell 28%, and revenue dropped 11% for the first 4 months of the year
China's Internet watchdog on Friday ordered Google to stop overseas websites with pornographic and vulgar content from being accessed through its Chinese-language search engine.
European Union leaders will agree more steps on Friday to avert a repeat of the banking crisis that has sapped the world economy and the IMF said 2010 might deliver stronger growth than earlier forecast.
Several staff at a Chinese television station were suspended from their jobs after footage of the 1989 Tiananmen Square protests slipped past censors and was broadcast to the public, a human rights group said on Friday.
Beijing's bid to boost the solar energy sector could draw more than $10 billion in private funding for projects and put China on track to become a leading market for solar equipment in the next three years.
A global shift toward nuclear power is prompting countries to rush to lock in long-term access to tight supplies of uranium, and China and India look to be the next players to get in on the action.
China Unicom , one of China's top three mobile carriers, may be close to a deal that would see it become the exclusive seller of Apple's iPhones in China for two years, a Merrill Lynch analyst said.
The city of Beijing will recruit tens of thousands of volunteers to monitor the Internet, state media said on Friday, echoing decades of mobilizing senior citizens and other volunteers to patrol its neighborhoods.
Global LCD TV sales volume is expected to increase by 21 percent this year, faster than a previous forecast, helped by strong sales in developed markets and China's stimulus spending program, speeding up the transition to flat-screen TVs, DisplaySearch said.
Microsoft finally announced that its new antivirus software, codenamed ‘Morro’, will officially be named “Microsoft Security Essentials” and comes out on June 23 serving Windows end-user for free.
Britain is against the idea put forward by France of including Hong Kong on a tax-haven blacklist, the UK's top financial regulator said on Wednesday.
China's inland provinces are starting to feel the pinch of the global economic downturn companies and officials said at the 20th China Harbin International Economy and Trade Fair
A California company accusing a Chinese rival of stealing its code for anti-pornography software has demanded that U.S. PC makers Dell, Hewlett-Packard and Gateway stop shipping computers loaded with the program Green Dam.
Despite of the criticism received of the Chinese government over its mandate to have computer-makers install the “Green Dam” Internet filtering software, the government has moved to recruit 10,000 volunteers to filter Internet Contents.
A push by the United Steelworkers union to slash China tire imports into the U.S. got a boost today after federal investigators determined the imports cause or threaten to cause market disruption to domestic tire makers.
North Korea may be preparing to fire a long-range missile towards Japan's Okinawa Island, Guam or US's Hawaii, according to Japanese daily.