CHINA

Apple Foxconn Factory Conditions: Product Prices Expected to Rise with Worker Wages

Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.

iPad 3 Release: Can Proview Prevent Apple from Launching New Tablet on March 7?

A man walks past an iPad 2 advertisement in Shanghai
Things are getting ugly as Apple’s March 7 event draws closer. The event is highly expected to display, for the first time, the Apple iPad 3, but with a lawsuit between Apple and Proview looming, there could be a problem getting the iPad 3 on the store shelves. Proview first sued Apple in China over the iPad trademark, which saw the device being pulled from store shelves temporarily, but now the fight is spilling over onto Apple’s backyard, a fight that could hamper sales of the iPad 3.
Members of the Free Syrian Army are seen deployed in al-Bayada district in Homs

Red Cross Enters Homs; Syria Rebels Warn of 'Massacre'

Rebel fighters were finally driven out of the Baba-Amro district in Homs when forces loyal to Syria's President Bashar al-Assad launched a final assault on the beleaguered city Thursday after a siege that had lasted 26 days. Meanwhile, Turkey's president said Russia and Iran will have little choice but to join diplomatic efforts toward Assad's ouster .
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Oil

Oil Pushes $110 on Iran Concern, Economic Data

Brent crude rose above $124 per barrel and West Texas Intermediate rose as much as $1.11 to $110.55 per barrel on Thursday as upbeat economic data from China and the United States brightened oil demand prospects.
Syrian Rebels

Syrian Rebels Leave Their Stronghold Homs

Defeated Syrian rebels left their shattered stronghold in Homs on Thursday after a bloody 26-day army siege aimed at crushing a symbol of the year-long revolt against President Bashar al-Assad.
Thermometer Found In Woman

Thermometer Found In Woman: Symptoms of Mercury Poisoning

Imagine living with a thermometer stuck inside your lungs. That is exactly what a woman in China has been doing for the past 44 years. Doctors feel that if the 2-inch-long tool breaks it could cause serious damage to Liu's body due to the mercury.
Rupee

Indian Exporters Receive First Rupee Payments from Iran

India's exporters have begun receiving the first rupee payments from Iran, Indian government and trade sources said on Thursday, kicking off a mechanism to skirt Western sanctions which have made doing business with Tehran tougher.
Gold pellets

Gold, Copper Producer Kazakhmys Posts Flat Profit

Copper miner Kazakhmys posted a flat core profit for 2011 as stronger metal prices were offset by an 18 percent rise in production costs, including soaring wages for skilled workers in Kazakhstan, home to its core operations.
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Europe drags on global economy, few policy options

Prospects for a strong recovery in the global economy darkened on Thursday as sputtering factory activity in Europe overshadowed more upbeat data from Asia, at a time when central banks are running out of policy options and reluctant to do more.
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China's big factories rebound as smaller firms lag

China's factories grew more than expected in February as new export orders for big firms bounced back, a government survey showed, while a private-sector report portrayed a different picture of smaller companies lagging behind the rebound.

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