CHINA

Europe Poses Global Recession Threat: IMF

A sculpture showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt
Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.

Hit from dollar on McDonald's 2012 menu

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McDonald's Corp's strong December sales and fourth-quarter earnings failed to allay fears that exchange rates and increased spending will weaken profits in 2012.
Effie Trinket

'Hunger Games' Movie Launches Fashion Blog 'Capitol Couture' [PHOTOS]

Capitol Couture, Lionsgate's viral marketing site for the Hunger Games movie, is now live on Tumblr. The site features a fashion blog as well as several new stills and sneak peeks from the upcoming film (check them out here). But for fashion lovers and Hunger Games fans, the best is still to come: Capitol Couture is launching a fashion competition among viewers to become a District Stylist. Click through our slideshow for some of the first glimpses of the C...
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ConocoPhillips

ConocoPhillips Refining Dampens Company's Earnings

ConocoPhillips, the third largest energy company in the U.S., is expected to post higher fourth-quarter earnings as soaring crude oil prices offset big losses anticipated in the company's refining operations.
Coach

Coach gets lift from male shoppers, beats Street

Upscale leather goods maker Coach Inc posted higher-than-expected earnings and sales for the holiday quarter, helped by its growing favor with male shoppers, and its shares rose more than 6 percent.
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Nikkei Near 3-Month High

Japan's Nikkei average hit its highest level in nearly three months Tuesday on hopes that a Greek debt deal will still be reached even after European finance ministers rejected an offer by Greece's private creditors.
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World needs 600 million new jobs in next decade: ILO

The International Labour Organization sounded the alarm on the global jobs situation in its annual report on Monday and called for more coordination of fiscal policies, repair and regulation of the financial sector and support for the real economy.
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Ex-U.S. spy chief says may take crisis for new cyber law

U.S. intelligence agencies have unique capabilities that can help protect American companies from cyber espionage and attack, but it will probably take a crisis to change laws to allow that type of cooperation, a former spy chief said on Monday.
Casa Berardi Project

Gold Prices Rise 1% to 6-Week High

Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring.
The highest index on the DAX board is pictured at the Frankfurt stock exchange

European Stocks Hit Highest Level Since August

European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
Chinese New Year Live Wallpaper

Chinese New Year 2012: Year of Dragon Welcomed by Texting and Weibo

No Chinese festival can compare with the Lunar New Year. The Chinese new year celebrations officially began on Monday and millions of Chinese worldwide welcomed the year of the dragon by kicking off the Spring Festival, which will continue for about two weeks until the Lantern Festival on February 6.
Jobseekers pass their resumes to representatives from Foxconn at a job fair in Zhengzhou

iPhone: Why Can't it be 'Made in U.S.A.' ?

If you look at the back of any iPhone, you're likely to come across the words, Designed by Apple in California. Assembled in China. Indeed, from the very first generation iPhone to the latest iPhone 4S, the world's most popular smartphone have come to be made in China and not in the U.S. An analysis, based on interviews with Apple's former and current executives and employees at Apple's supply chains and manufacturing experts by The New York Times, has now revealed why the wo...

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